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Tenby, Saundersfoot & South Wales Railway Company, £20 ordinary shares, 1847, black on white.* Black print on white paper with handwritten details completed in black ink. Ornate border on left only. Embossed company seal on lower left hand corner with embossed image of two ships and a locomotive in centre. 1 £20 share numbered 53. Certificate number '53'. Dated 12 January, 1847. Issued to [?]. Signed by the secretary.
