Société Nouvelle des Sultanats du Haut-Oubangui share certificate 1927

Description

One bearer  share certificate of  the
"Société Nouvelle des Sultanats du Haut-Oubangui" Paris
1927. R
ubber and ivory trades
at
Ubangi-Shari (now the Central African Republic).
Condition (opinion):Extremely Fine (EF)
. Uncancelled .Uncut coupons remain .Printer :R.Degaudens ,Paris. Size(main document ,without counting coupons size):19cm/31,3cm (average)
.
The Company of the Upper Ubangi Sultanates (French: Compagnie des Sultanats du Haut-Oubangui) was a concessionary company in the colony of Ubangi-Shari (now the Central African Republic) between 1899 and 1927. It was founded by ten European shareholders and received from the French government a 140,000 km2 territory to administer and exploit.[1]
Ernest Bouchard, one of the original shareholders, took possession of the territory from the colonial official, Henri Bobichon, on 22 August 1900 at Bangassou. The company engaged in the
rubber and ivory trades
, exacting labour from the natives. Rubber production took off immediately and grew rapidly. In 1901 it was 28,306 tons, by 1905 it had grown almost tenfold and in 1914 it was 426,239 tons. Ivory production was at 34,785 tons in 1901, but it remained relatively steady over the same interval. In 1927, the company was dissolved.[1]
It was replaced by the New Company of the Upper Ubangi Sultanates (Société nouvelle des Sultanats du Haut-Oubangui), which had established a trading office at Bangui by 1935. Less profitable than its predecessor, its agent on the ground left Bangui in 1940 and its property came under the control of the Society of Colonial Enterprises (Société d'entreprises coloniales) for the duration of World War II (1939–45). In 1947, the failed Société nouvelle was dissolved.[1]
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Banknote Grading
UNC
AU
EF
VF
F
VG
G
Fair
Poor
Uncirculated
About Uncirculated
Extremely Fine
Very Fine
Fine
Very Good
Good
Fair
Poor
Edges
no counting marks
light counting folds OR...
light counting folds
corners are not fully rounded
much handling on edges
rounded edges
Folds
no folds
...OR one light fold through center
max. three light folds or one strong crease
several horizontal and vertical folds
many folds and creases
Paper
color
paper is clean with bright colors
paper may have minimal dirt or some color smudging, but still crisp
paper is not excessively dirty, but may have some softness
paper may be dirty, discolored or stained
very dirty, discolored and with some writing
very dirty, discolorated, with writing and some obscured portions
very dirty, discolored, with writing and obscured portions
Tears
no tears
no tears into the border
minor tears in the border, but out of design
tears into the design
Holes
no holes
no center hole, but staple hole usual
center hole and staple hole
Integrity
no pieces missing
no large pieces missing
piece missing
piece missing or tape holding pieces together
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See below related information from the web:
Gaye against bankruptcy Gaye,
bankruptcy Lainière Jules Gaye, company bankruptcy
textile industrialist Jules Gaye.
Considering the contradictory judgment rendered on
May 21, 1966 by the commercial court of
Verviers;
Considering the conclusions of the parties;
Whereas the judgment undertaken declared
in a state of bankruptcy Mr. Jules Gaye, managing director-general manager of the company
anonymous Lainière Jules Gaye et Cie (S. A. L.),
chairman of the board of directors and managing director of the textile industrial company
Jules Gaye (S. I. T.), administrator of the
Coditex limited company and manager of the S. P.
R. L. Socofitex, all companies currently in
bankruptcy, on the grounds that: “by managing its various
» companies without regard to their personalities
» different legalities, the defendant (the current
» appellant) common denominator, managed thus
» his own interests to the detriment of those of
» each of the companies taken individually and has
» carried out commercial acts, that the cessation
» payment sation and the shake-up of credit
» of the defendant are also evident given the
» complex links existing between himself and his
“companies”;
Whereas it is necessary first of all to observe,
that the declaration of bankruptcy of an apparent non-trader is not pronounced as
penalty, because it does not appear among the sanctions that the law provides for those who,
in particular, exceed their powers in the
management of the companies they manage; bankruptcy
personal information of a company director
therefore depends not on the possibly blameworthy nature of the acts he has committed, but on the observation on his part of a commercial activity which makes him a de facto trader;
Whereas the disputed question is therefore
know whether or not in this case the appellant posed
acts of commerce, or by carrying them out
personally and ostensibly, either by
operating under the guise of purely companies
fictitious, or by acting through the nominee
commercial companies that he would have managed
as absolute master in his sole personal interest, to the point of identifying with these companies whose
heritage and credit would have been confused
with his own;
Whereas it must first be noted that its
status of company director does not make
the appellant trader even if he acted as guarantor for commercial obligations (J. T., 1955,
p. 418, Nys note and ref.; Frédéricq, t. V,
No. 418); that the respondents do not attribute to him
more personal and conspicuous commercial acts, and that the verification report
of the debts of his bankruptcy does not reveal in his head
only debts of a civil nature;
Whereas the fictitious nature of the companies
managed by the appellant is alleged in terms of
conclusions only with regard to the S. I. T.;
Whereas we cannot ~~enda_!!!_ support
1 u. i..- - .EN seriously: J
1° that “the social affectio~....,O'au'f:u pas · '
existed in the head of the founders of this
company including the Société nationale d’inv~=t à [1~:t~ de
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