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Belgium, Societe du Commerce d'Asie & d'Afrique, 1781 Share Certificate in French

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:450.00 USD Estimated At:750.00 - 1,500.00 USD
Belgium, Societe du Commerce d'Asie & d'Afrique, 1781 Share Certificate in French
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Antwerp (Anvers in French), Belgium..... 1781. I/U Share Certificate for Societe du Commerce d'Asie & d'Afrique &c. (Triester Handels-Compagnie) (Austrian East India Company) signed by Duke Charles de Proli as General Manager and Guillame Bolts. In 1775, William (Guillame) Bolts offered his services to the Imperial government, putting forward a proposal for re-establishing Austrian trade with India from the Adriatic port of Trieste. His proposal was accepted by the government of Empress Maria Theresa. The company was primarily financed by Antwerp bankers. In 1781 the first shares were disbursed with great success. The famous Antwerp merchant Charles de Proli (son of the founder of the Imperial Indian Company), who was also involved in the insurance industry, became the manager. Eventually, due to mounting losses, debts, and liabilities, the company suspended all payments in January 1785, declaring bankruptcy shortly thereafter, also bringing the Proli banking house down with it. VF condition, especially for its age. Rare piece of commercial history. (ex.Spink Auctions, Sept. 18, 2008, Lot#197)