Watch List notes:

Wales Black Sheep & Black Bull Company (12) in mostly very high grades comprising Black Sheep Company 10 Swllt (2) different issues, 10 Shillings, 50 New Pence, 1 Pound, 5 Pounds, 10 Pounds along with Specimen overprint 20 New Pence Sterling Tal-y-Llyn Railway steam train on obverse, 50 New Pence Sterling Festiniog Railway steam train on obverse and 1 Pound Snowdon Mountain Railway steam train on obverse and all 3 featuring Britannia Bridge on reverse. These private notes were issued circa 1960's onwards by the Welsh banker Richard Hugh Williams. He declared bankruptcy in 1978. Some of these issues bear his signature and almost all with a Cancelled overprint. Along with Black Bull Company 5 Swllt (2) both Cancelled 1970 and with the overprint.

Estimate: 160-220 GBP