|REF. NO.||DENOMINATION||DESCRIPTION||NO. ISSUED||CONDITION||VALUE|
|101||100 franc share||1918, blue, with coupons||37000||EF||€22|
Société Anonyme de Etablissements Borel
Formed in Lyon by 1918. Offices at Neuilly-s/S. Capital 3,700,000 francs in shares of 100 francs. Originally founded in 1909 by Gabriel Borel to manufacture monoplanes at Mourmelon. These were produced until 1914 when the factory was used to build military aircraft for the war effort. This company was organised in 1918 but was acquired by Société Générale des Constructions Industrielles et Mécaniques by 1921.