Lot 470: C.D.F. DE L'EST BELGE

Boone Shares - The Scripophily Center

October 29, 2016, 10:00 AM CET
Brussels, Belgium
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Description: 31 March 1859 BRUXELLES. Action de F500. blue, black. No 159. Several considerable edge-tears, all repaired with old-style tape. Founded in 1859 with a capital of 30 million BEF as a merger of the C.D.F. de Charleroi à Louvain and the C.D.F. de Morialmé à Châtelineau. The company was soon controlled by the SociétéGénérale who provided the necessary capital to expand. In 1860, the railroad connected Louvain to the French border and 4 years later, the "Est Belge" was an important part of the exploitation syndicate "Grand Central Belge" controlled by the Soc. Gén. to form a counterweight to the state railroads. By 1870, the Grand Central Belge connected Rotterdam to Antwerp and Antwerp to Prussia/Germany. They also offered a connection from France to the Netherlands. In 1898, the state nationalized the Est Belgeand many other private railroad companies. One of the most interesting old Belgian railroad certificates. Again, extremely rare.
Condition Report: F
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