Watch List notes:

China, Chinese Government, Tientsin-Pukow Railway 1908 and 1910 (London Issues) 5% Loan 1938 Fractional Scrip certificates for one-third of a funding bond, £11-10-0, Hong Kong and Shanghai Banking Corporation, the reverses with details of the announcements in 'The Times' by the Chinese ambassador on February 25th 1936, March 30th 1936, and September 6th 1938, ten have two of the blue Two Pence stamps on the right, blue (105) NVF to GVF includes some consecutive issues

Estimate: 105-210 GBP