Description: Uncirculated, issued stock certificate to raise 2,500,000 UK pounds in 1,250,000 “A” Preferred Ordinary Shares of 1 UK Pound Each, Numbered 1 to 1,250,00 Inclusive and 1,250,00 “B” Ordinary Shares of 1 UK Pound Each, Numbered 1 to 1,250,000 inclusive. Baku Consolidated Oilfields was incorporated under the Companies Acts 1908 to 1917 for the purpose of acquiring and exploiting oil concessions in Azerbaijani but had never commenced trading. After the Bolshevik Revolution many Foreign companies, including the London, UK domiciled Baku Consolidated Oilfields, Ltd., were unprepared for the announced policies of the new regime. In 1920, the Soviet Government had seized its assets without any compensation to the investors. In 1929, the company was ordered to cease operations. The creditors were paid out of the available, remaining assets. In 1986, an agreement was reached with the Soviet Government for the payment of additional claims but not all claims were properly registered and recognized. These unregistered certificates were never used. Today, even though Baku is again a thriving oil center and open for foreign oil investors, they are sought after by collectors who are familiar with the tumultous period of oil industry history that they represent. They are in Very Fine Condition, 10 7/8 x14 3/4 in size, printed by Waterlow & Sons, Ltd, London Wall, London E.C. Waterlow & Sons was a major worldwide engraver, of currency, postage stamps, stock and bond certificates based in London from 1810 to 1961 when it was acquired by De La Rue. Its various printed products, because of their name, are themselves the objects of international collectors. The certificates are a perfect size for framing and gifting for office or home.
Price: 26 USD
Location: New York, New York
End Time: 2025-01-26T00:10:30.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
All returns accepted: ReturnsNotAccepted
Circulated/Uncirculated: Uncirculated
Type: Stock
Country/Region of Manufacture: United Kingdom
