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Auction: SW1008 - Bonds and Share Certificates of the World
Lot: 300

Società di Navigazione e Ferrovie pel Lago di Lugano. 4% Obbligazione Fr. 1.000.-, Lugano 1. Gennaio 1895. Nr. 197. The Società di Navigazione e Ferrovie per lago di Lugano (SNF) was founded in 1873 to construct and operate a transport link from Menaggio, on Lake Como, to Luino, on Lake Maggiore, via Lugano. Although both ends of this link were in Italy, the Company was created with Swiss finance and registered in Lugano. Previous plans were to build a railway throughout, but difficulties in financing and the substantial engineering works that would be required, led to a revised plan which was eventually implemented. This involved the construction of two unconnected railways, both entirely located within Italy. The Menaggio-Porlezza railway and the Ponte Tresa-Luino railway were linked by the use of steamboats, between Porlezza and Ponte Tresa on Lake Lugano, to form the desired through route. The outbreak of World War I lead to a considerable loss of traffic and financial problems, and the SNF decided to sell its railways and concentrate on operating its steamboat services on Lake Lugano. In 1919 the railway lines were sold to the Società Varesina per le Imprese Elettriche (SVIE). After this sale, the Company changed its name to the Società Navigazione del Lago di Lugano. This bond was secured by the railways Porlezza-Menaggio and Ponte-Tresa-Luino. Two foldings. VF.

Estimate
SFr400 to SFr600