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Standard Bank of South Africa, Limited - 1930's  

Standard Bank of South Africa, Limited - 1930's

Product #: newitem42835381

Normal Price: $199.95
Our Sales Price: $169.95
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PRODUCT DESCRIPTION  
Beautifully engraved Specimen Circular Letter of Credit Certificate from the Standard Bank of South Africa printed in the 1930's. This historic document was printed by Waterlow & Sons, London Wall and has an ornate border around it with the company's name on top center.





Standard Bank was established as the Standard Bank of British South Africa Limited, and incorporated in London in 1862. The word "British" was dropped from the title in 1883.

In 1962 The Standard Bank of South Africa (SBSA) was formed and registered as a South African company, operating as a subsidiary of Standard Bank in London (subsequently to become Standard Chartered Bank plc). Standard Bank Group was established in 1969 as Standard Bank Investment Corporation - the holding company of SBSA. Standard Chartered sold its 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to South Africa.

The re-establishment of Standard Bank's African links began in 1988, when a branch was set up in Swaziland. In 1992 the group opened a Botswana bank and acquired a major African operation: the long-established ANZ Grindlays network in Botswana, Kenya, Uganda, Zaire, Zambia and Zimbabwe, with minority holdings in Ghana and Nigeria.

The group has also continued to expand internationally. Standard Bank London was established in 1992 and in the same year operations in Jersey and the Isle of Man were acquired. Two years later, the Isle of Man bridgehead was broadened considerably with the acquisition of Standard Chartered's banking activities on the island. Standard Bank also has a full branch in Taipei and full bank status in Russia, Hong Kong, Singapore and Brazil. Standard Bank Group completed the acquisition of Jardine Fleming Bank Limited (JF Bank) in July 2001. The group has a wide representation which spans 17 African countries and 21 countries outside of Africa with an emerging markets focus.

Standard Bank's equity is widely dispersed compared to most other similar institutions in South Africa. Old Mutual is the biggest beneficial shareholder and holds 12,2% of its shares*. Other large holders among the more than 25 000 shareholders are the Public Investment Commissioner (11,6%)*, Tutuwa Group (7,6%)*, Liberty Group (3,7%)* and Sanlam Group (3,5%)*. Non-residents hold approximately 20,9%*.


About Specimen Certificates

Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".

Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates were made for a company but were never used because a different design was chosen by the company.

These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that has grown in popularity over the past several years.



Product #: newitem42835381

Normal Price: $199.95
Our Sales Price: $169.95
Color: 

(You Save: 15%)

Qty:
 

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