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Auction: 21144 - Bonds and Share Certificates of the World e-Auction
Lot: 84

Hongkong/India: New Oriental Bank Corporation Ltd., £10 shares, 188[90], #02298, black with blue underprint and red seal. Chartered as the Oriental Bank Corporation in 1851 to compete with the East India Company but later opened branches in the Chinese treaty ports, Hong Kong, Japan, Mauritius and South Africa. Survived the banking crisis of 1865/6 and prospered until 1885 when it ran into severe difficulties and had to be re-constituted as the above. The Bank lost its profitable note issuing priviledge and with the growth of other banks, such as the Hong Kong & Shanghai and the Chartered, the new organisation never really prospered and closed its doors in 1892. GVF.

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£35