£80 - £100
Great Britain: Equitable Loan Bank Company, 5 shares of £50, £1 per share paid, London 1824, #14906-14910, scrollwork left, black, lists all Vice presidents and directors including David Barclay, John Herries, Isaac Goldsmid and other well known banking names. The company was deemed illigal due to the implication that shares were exchangeable as they were made out to the holder. Before the repeal of the Bubble Act of 1720 all companies had to receive either a Charter or Act of Parliament to proceed. The large number of company formations in 1824 and 1825 forced Parliament's hand in 1826, probably too late for this company. Discoloured at bottom edge, VF.
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