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Auction: 19019 - Bonds and Share Certificates of the World e-Auction
Lot: 5

Australia: North Sydney Investment and Tramway Company Ltd., 4½% debenture for £100, Sydney 1889, #2133, large format, mauve, grey-green underprint, with coupons. The company was formed to take advantage of the demand for land in the 1880s, purchasing much land in the area around Northbridge. A bridge and tramway were planned to encourage building houses. The suspension bridge took two years and nine months to build at a cost of £42,000 and was opened in January 1892. The span of 500 feet was considered a feat of engineering, being the fourth largest in the world at the time. Liquidated in 1892 and tramway never built. The bridge was taken over by the Government. AEF and scarce.

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