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£25
Great Britain: British National Opera Company Limited, £1 preference shares, 19[22], #1421, red with yellow underprint. Registered 1921 by members of Sir Thomas Beechams Opera Company that had recently been disbanded. The company performed in London but mainly toured the provinces. In voluntary liquidation in 1929 after a tax demand that could not be met. Reformed as the Covent Garden English Opera Company. VF and scarce.
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