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Bonds and Shares : Auction 124 : Lot 102

Date Sold Category Lot Description Sale Price

Auction 124
Bonds and Shares Lot
, Towage Co. Ltd., archive of the share certificates, 135 x certificates for fully paid sh, including certificate No.1, all , plus book containing 7 x partially issued certificates and 46 x unissued certificates, also 50 x fully paid preference shares, all cancelled, plus book containing 2 x certificates with signatures removed and 45 x unissued certificates, all issued certificates dated 1900-1918, blue and red respectively, issued mostly VF, unissued mostly EF. (285).The Sunderland Towage was founded on 1st August 1900 to own and manage the tugs formerly owned by a Sunderland Company Messrs Taylor and Sanderson. The initial capital was £2,400 in £1 shares, this was later increased to £10,000, made up of 5,000 ordinary shares and 5,000 preference shares. By March 1918 William , Fenwick & Co. Ltd, a much larger tug owning company of , had acquired a large proportion of the issued shares. It is believed that the remaining shareholders transferred their holdings into a new company, France, Fenwick Tyne and Wear Ltd.

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