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Auction: 21144 - Bonds and Share Certificates of the World e-Auction
Lot: 18

Australia: Real Estate Bank Limited, overprinted with new title of Real Estate Mortgage & Deposit Bank Limited, £5 shares, Melbourne 18[90], #4483, scrollwork at left, black, red overprint. Formed in 1887, amalgamated with the Territorial Bank in 1889 under the new title. One of the many banks/mortgage companies involved in the huge speculative boom in Melbourne in the 1880's which went spectacularly bust in 1893. Creditors were paid as little as a halfpenny in the pound and it took the city decades to recover. What remains are some lovely gothic office blocks in the city centre. VF and rare.

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Estimate

Starting price
£70