Share of 100 francs to bearer issued in Fedala in Morocco in 1948.

The establishment specialized in the canning of sardines in oil, at the time a luxury dish on the great tables of the world. 40 million boxes are manufactured in France in 1900.

Until 1890 most of the boxes were sold abroad (England, India, Brazil, United States, Mexico...) to be placed on the biggest tables. But after that time, international competition became increasingly fierce.

Small size bond 13 cm x 23 cm with coupons on the right.