Watch List notes:

VICTORIA, City of Melbourne Building Society, 188[8], one £25 share, black print, scrollwork left side; Essendon Land & Finance Association, 189[0], ten £2 shares, blue print; Hepburn Estate Leasehold Company, Smeaton & Kingston, 189[9], fifty £2 shares, black print with decorative border. With pin holes, light folds, extremely fine. (3)