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Auction: 14017 - Bonds and Share Certificates of the World
Lot: 292

New Oriental Bank Corporation Ltd., bearer share warrant for £10 (6), 188[5], ornate border, black and green, large underprint of £10, red embossed seal in bottom right corner, all with coupons, good very fine. (6)

Established in Bombay in 1842 originally as the Bank of Western India, but headquarters were moved to London in 1845 and the name changed to the Oriental Bank Corporation. In 1851 the company was chartered to compete with the East India Company, and later expanded to China and Hong Kong, Japan, India, Mauritius and South Africa. The company suffered due to the coffee disease in Ceylon (Sri Lanka) which it had invested heavily in, and attempted re-organisation as the New Oriental Bank Corporation but could no longer compete with rivals HSBC and Chartered Bank of India, Australia and China. It closed in 1892.

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Sold for
£80