HAINAUT. CHARLEROI/BRUXELLES. 4% Obligation de F500. green. #4000. No 6263. Generally worn condition with paper loss at the borders, at 2 places rather affecting the printed part of the bond. Central folds. Very attractive design with coat of arms of Belgium and winged lady with electric bulb sitting on a generator. The design, printed by Côte Libre, looks as if from Charles Posch although we cannot confirm. A.C.E.C. is the successor company of the S.A. Electricité et Hydrolique founded by J. Dulait. Empain bought the firm in 1904 and renamed it in the above. This became a leading Belgian industrial company, specialising in all sorts of electrical products. Expansion into France soon followed (in Jeumont: Ateliers de constructions électriques du Nord et de l'Est, later becoming part of Jeumont Schneider). After WWII, ACEC expanded into electronics and the nuclear industry. The company was acquired by Westinghouse in 1970. Some bits of the firm were merged into Union Minière in 1989, forming ACEC Union Minière. This bond is the oldest scripophily from ACEC that we have ever seen. A unique discovery.
Themes: ELECTRICITY, METAL & ENGINEERING
Province: BRABANT, HAINAUT, OOST-VLAANDEREN
Startprice: € 50