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Lot 1458: WEST INDIA IMPROVEMENT CO.

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

29 October 2016

Brussels, Belgium

Live Auction
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Description: 1 September 1889 4% First Mortgage Bond of $1000. green, black. No 841. Founded 1889 as an American Syndicate to purchase the Jamaica Railway Co. for £100,000 cash and a £700,000 4% second mortgage. The company than issued these bonds to complete the extensions of the Montego Bay and Port Antonio. In 1898, the Jamaican government retook control of the Railway because the West India Improvement Co. had insufficient cash flow to cover all interest payments on its mortgage.

Condition Report: VF-EF

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