Watch List notes:

China, a pair of share certificates, Compagnie de Tramways & D'eclairage de Tientsin, action ordinaire, 1919, serial number 34935 and Compagnie Generale de Chemins de Fer et de Tramways en Chine, 250 Francs, 1920, serial number 10676, about extremely fine, with coupons (2)..

Estimate: 400 - 600