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Auction: 21143 - Bonds and Share Certificates of the World e-Auction
Lot: 8

Australia: Federal Bank of Australia Limited, £5 shares, 189[2], #4393, scrollwork at left, black. Formed in Melbourne in 1881 it soon expanded into NSW by the acquisition of the Sydney and County bank Ltd. It was a note issuing bank from branches in Melbourne, Sydney and Adelaide. The bank invested heavily in speculative land deals which peaked in 1890 causing a severe crash of building societies, land companies and banks. This was the first bank to fail, closing its doors in January 1893. Ink stain at left, GVF.

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Starting price
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