Bearer share Société Malgache de Cultures old financial document 1920s

AFW - Antique France Worldwide

Description

This document, visible in the photo, is a bearer share issued by the Société Malgache de Cultures, identifiable by its header in blue capital letters. It is a historical financial security, visually dated to the 1920s, as suggested by the typography, graphic presentation, and the nominal value of "cent francs" (one hundred francs), characteristic of issues from that period. The registered office is indicated as Tuléar (Madagascar), information explicitly legible on the document.

The general form is that of a large rectangular sheet, typical of old shares, with a main upper section and a series of detachable coupons aligned at the bottom. The dominant color is a pastel blue-green, with frames and geometric patterns printed in blue. Several red stamps are affixed to the coupons, indicating their validation or partial use.

The main inscriptions are perfectly legible: "ACTION DE CENT FRANCS AU PORTEUR" (BEARER SHARE OF ONE HUNDRED FRANCS), the handwritten issue number, the company's name, as well as printed or handwritten signatures at the bottom of the central section. The numbered coupons, at the bottom of the document, also bear the company's name and payment mentions, with round red overprinted stamps.

The slightly glossy texture of the paper, the quality of the printing, and the presence of regular margins suggest professional typographic printing from the era. No watermark or embossing is visible on this side. The document appears to be in good structural condition, with no apparent tears or major creases, although some traces of handling are visible on the edges.

This type of financial security, also known as "scripophily," constitutes a heritage piece linked to the colonial and agricultural economic history of Madagascar. The graphic elements (framing, fonts, stamps) are typical of French bearer shares from the early 20th century.

Condition

Used item, sold as is. The document presents good general legibility, with no apparent missing parts on the visible side. Slight traces of paper undulation and handling marks on the edges.

Did you know? Bearer shares were widely used until the mid-20th century to facilitate anonymous stock exchange transactions. The "Société Malgache de Cultures" was one of many colonial companies created to exploit the agricultural resources of Madagascar, then a French colony. Securities of this type are now sought after for their historical and decorative value, in addition to their documentary interest.

AFW Reassurance

Careful packaging and fast shipping are provided by a professional seller. Each document is handled with care to preserve its original condition.

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