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North American Pulp and Paper Companies

24186

Common Stock, 5 shares No. B2706, North American Pulp and Paper Companies. North American paper-industry scripophily, minority Series B certificate.

€30.00
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This certificate for 5 common shares of North American Pulp and Paper Companies, bearing the prefix B (versus C for certificate No. C8215), belongs to a different issue series. The coexistence of distinct series (B and C) indicates that the company carried out several successive capital increases, each series corresponding to a particular issue tranche. This certificate of only 5 shares contrasts with the 100-share lot of the C series, suggesting it was a secondary-market transaction or a stock-dividend allotment. For collectors of paper-industry scripophily, having both certificates of the same company but from different series forms a documentary set of invaluable richness for understanding the financial structure of these great North American industrial groups.

24186
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