Great Britain: Panama, New Zealand and Australian Royal Mail...

Hammer

£50

Great Britain: Panama, New Zealand and Australian Royal Mail Company Ltd., £5 shares, 186[5], #1279, blue. Registered 1858. Formed by the Royal Mail Steam Packet Co. to provide a new service to New Zealand and Australia via Panama in 1865 and built four ships, S.S.Kaikoura, Rakaia, Ruahine, Mataura and purchased the Prince Albert as a reserve. The company had failed by 1868 and the ships were acquired by the Royal Mail Steam Packet Company to whom they had been mortgaged. VF and scarce.