Watch List notes:

Russia City of Nikolaef 1912 Loan, first issue, blue, bonds for £100, 945 Roubles, with coupons, VF (4), Russia, Petrograd, Tchoodovsky Cement Works 500 Roubles blue (2) both VF, Russia Black Sea Railway Company 1913 4 1/2% Loan, 187 Roubles 50 Kopeks, green with ornate patterned border, VF with 9 coupons (6 items in lot)

Estimate: 70-105 GBP