|REF. NO.||DENOMINATION||DESCRIPTION||NO. ISSUED||CONDITION||VALUE|
|102||5 shares||1824, black||5,000?||VF||£175|
Equitable Loan Bank Company
Formed around 1824. 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.
Capital £2,000,000 in shares of £50.