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Auction: 21142 - Bonds and Share Certificates of the World e-Auction
Lot: 416

Canada: Chignecto Marine Transport Railway Company Ltd, £20 preferred shares, 18[89], #118, ornate border, mauve. Formed in 1882 to transport shipping across the isthmus of Chignecto by using a hydraulic lift to raise them from the water. The line was to be 17 miles long. Got into financial difficulties soon after construction had begun after the collapse of Barings Bank in 1890 who were backing the project. The Canadian Government failed to extend the contract for the company who had managed to complete three quarters of the work and the company was put into liquidation. VF and rare type.

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Estimate
£40 to £50

Starting price
£35