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The Welsh Racing & Athletic Association Limited, 1 shilling ordinary shares, 1928, black on white. * Black print on white paper with handwritten details completed in black ink. Ornate border on left only. Embossed company seal on red circular sticker on lower left hand corner. 200 1 shilling shares numbered 53703 to 53902. Certificate number '10'. Dated 4 April 1928.
