Summary
The Federal Bank of Australia Ltd. Issued to Maria Metcalfe of Melbourne, Victoria, Australia.
[Registered address not listed].
19 May 1887.
10 Shares.
Capital: 2,000,000 pounds in 400,000 Shares of 5 pounds each.
Certificate No. 2796.
Obverse Description
Printed on white stock, both sides, black printed lettering and black handwritten text. Company name appears in calligraphic script. There is an elaborate cartouche on the left hand side bearing the company name and coat of arms.
Significance
The scrip is significant as an example of the extensive land speculation that occurred in Melbourne in the 1880s. The Federal Bank was founded by James Munro in 1882, and the funds used to speculate in suburban real estate. The bank closed in January 1893; a court investigation discovered that Munro, his family and business associates had borrowed large sums from the bank, to prop up their other failing speculative enterprises.
More Information
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Collection Names
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Collecting Areas
Home & Community, Public Life & Institutions, Numismatics & Philately
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Acquisition Information
Cultural Gifts Donation from Harry M. Hearn, Date Range 1989 - 1991
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Acknowledgement
Donated through the Australian Government's Cultural Gifts Program.
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Date Issued
1887 AD
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Issued By
Federal Bank of Australia Ltd, Collins Street, Melbourne, Greater Melbourne, Victoria, Australia, 19 May 1887
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Issued To
Maria Metcalfe, Melbourne, Greater Melbourne, Victoria, Australia, 19 May 1887
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Material
Paper
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Classification
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Category
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Discipline
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Type of item
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Overall Dimensions
25 cm (Length), 16 cm (Height)
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Dimensions
250 mm (Length), 162 mm (Width)
Measurement From Conservation.
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Shape
Rectangle
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Keywords
Banking Industry, Finance Industries, Real Estate, Share Certificates
