Watch List notes:

Russia (3) Loan of the City of Nikolaef 1912 Second issue £20 Brown with coat of arms at top NVF with coupons, The Russian South-Eastern Railway Company bond for £500 sterling, 4 1/2% Loan 1914 Fine or better with coupons, Russia Kahetian Railway Company £500 sterling 4 1/2% Loan 1912 Good Fine with coupons (around 300 issued)

Estimate: 75-100 GBP