Bearer Share Malagasy Cultures Company 1927, vintage financial document

AFW - Antique France Worldwide

Description

This visible document is a bearer share issued by Société Malgache de Cultures, a limited company whose registered office was located in Antananarivo, Madagascar. The share has a face value of one hundred francs, as indicated in the central box "Action de Cent Francs au Porteur" (Bearer Share of One Hundred Francs). The reference date of the articles of association, readable on the document, is July 9, 1927, placing this security in the interwar period, typical of French colonial financial issues.

The graphic style is characteristic of the 1920s, with a geometric blue-green frame featuring stylized ethnic motifs, typical of financial documents of the era. A red seal bearing the company's emblem ("SMC" in a circle) is affixed to the left of the document, offering an elegant visual contrast. The typography and layout are meticulously crafted, with clear printing and ornamental details on the borders.

At the bottom of the share are several detachable coupons, each numbered and marked with the same number as the main security (No 10065), allowing for the payment of dividends or interest. The coupons are adorned with circular red stamps, reinforcing the authenticity and official appearance of the document. The printing was done by Imprimerie Desfossés in Paris, mentioned at the bottom of the security.

The paper has a cream hue with slightly yellowish reflections, testifying to its age. The main inscriptions are in deep blue, while secondary texts appear in black. No major defects are visible on the presented side: the edges appear clean, the printing remains clearly legible, and the overall structure is intact.

This type of bearer security, also known as an "antique share," is a historical remnant of colonial companies from the early 20th century. It appeals to anyone who appreciates economic history, old finance, or retro wall decor inspired by period administrative iconography.

Condition

Used item sold as is. The visible side shows no tears or significant discoloration. Visible edges and corners in good condition, clear printing and stamps. Slight traces of handling possible, with no impact on legibility.

Did you know? Bearer shares were commonly used in the early 20th century to facilitate the circulation of financial securities without nominal registration. Société Malgache de Cultures was one of many companies created during the colonial period to exploit Madagascar's agricultural resources, particularly coffee, vanilla, and spices.

AFW Reassurance

Secure packaging and fast shipping guaranteed by a professional seller specializing in antique documents. Photos are contractual and the description is faithful to the item received.

Keywords: bearer bond, antique share, financial document, vintage share, colonial bond, Madagascar share, historical limited company, share certificate, paper share, retro share, share certificate, old stock bond