Watch List notes:

Russia Railway bonds (5) The Russian South-Eastern Railway Company 1914, 4 1/2% bonds (3) £500 red, £100 blue and £20 brown with some coupons, GF to NVF the £500 with some tears and folds, Troitzk Railway Co. 1913 Loan issue bond for £500, 4725 Roubles, black on red with ornate border, with UK revenue stamp and with coupons, Near VF, 1909 D'Eisk Railway 4 1/2% loan for 100 Roubles, brown, VF or better with two coupons

Estimate: 100-175 GBP