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Auction: SW1008 - Bonds and Share Certificates of the World
Lot: 301

Società Navigazione del Lago di Lugano. Azione, Fr. 100.-, Serie B, Lugano, 1 Gennaio 1926 Nr. 1944. After this sale of its railway part, the "Società Navigazione e Ferrovie pel Lago di Lugano" changed its name to "Società Navigazione del Lago di Lugano". By 1926, the Company was operating nine passenger steamboats on Lake Lugano, including six paddle steamers and three screw steamers, together with two cargo motor vessels. In 1926 (shortly after issuing this share) the Company was financially reorganized and the capital of this share reduced to Fr. 5 and later even completely written down. In 1927, the passenger motor vessel Lugano was introduced. This vessel is still in service, having been renamed Milano in 1961.The last paddle steamers in the fleet were retired in 1962. The share has lost its value, but the Company is still operating today. VF.

Sold for
SFr200