|REF. NO.||DENOMINATION||DESCRIPTION||NO. ISSUED||CONDITION||VALUE|
|101||Founders’ shares||18, black on green paper||>7||VF||£125|
Persian Investment Corporation Ltd
Registered 1889. The company was formed by individuals with connections to the New Oriental Bank Corporation, the Anglo-Asiatic Syndicate and Mirza Malkam Khan Nazem, minister at the Persian Embassy. The company was sold a lottery concession by the Shah but this would have made the company liable to prosecution under English law. Pressure from the British Government forced the Shah to cancel the concession but the owner failed to tell the company and continued with his sale falsely accepting a fee of £40,000. Dissolved <1916. Company number 30255
Capital £275,000 in 54,000 ordinary shares of £5 and 500 Founders’ shares of £10.