Previous Lot Next Lot

Auction: 9027 - Bonds & Shares of the World
Lot: 449

C. de Murietta & Co. Ltd., 5% debenture, 1891, £1000, a large format piece, signed by C. de Murietta as director, ornate border, black, pink underprint, with coupons, good very fine. A wealthy Anglo-Spanish merchant bank that became heavily involved with finance in South America, joining Barings in the rush to provide loans mainly to Argentina. This £1,000,000 debenture issue was to restore the company´s coffers after finding that Argentine loans were no longer very saleable and most of their money was tied up in them. The prestigeous house of Barings was rescued by the Bank of England and other banks but Murietta was allowed to fail and fade into obscurity; together with seven other certificates of financial companies including Provident Institution for Life Insurance and Annuities, 1807; Colquit Street Tontine, 1808; Barclays Bank Limited, 1928; Overend Gurney and Co. Ltd., 1865; Farrow´s Bank Ltd., 1913; Prudential Assurance Co. Ltd., 1912, and Hambros Investment Trust Ltd., 1957, mixed condition but mostly very fine (8) Estimate £ 150

Sold for
£100