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Tanat Valley Light Railway Company, £1 ordinary shares, 1903, black on white. * Black print on white paper with handwritten details completed in black ink and amendments in red ink. Ornate border at left only. Embossed company seal at bottom left. 50 £1 shares numbered 775 to 824. Certificate number '60'. Dated 20 April 1903. 'CANCELLED' stamped in dots at right.
