£25
Great Britain: Musselburgh Construction Syndicate Limited £1 shares, 19[04], #9, black, printed by Waterlow & Sons. Registered 29th February 1904 as electrical and tramway contractors to build a tramway in Musselburgh, near Edinburgh, Scotland. It was completed in 1905 when the Musselburgh & District Electric Light & Traction Co. Ltd. was registered to operate the system. F-VF.
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