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The Merthyr Palace Limited, £1 cumulative participating preference shares, 1932, 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. 30 £1 shares carrying a preferential dividend of 7½% and also participating in 15% of the profits. Shares numbered 212 to 241. Certificate number '13'. Dated 2 December 1932.
