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1944 Lancaster John Coates & Son Brock St Stockbrokers Midland Bank Note
Description
An original Second World War financial stockbroker\'s contract note dated 27 November 1944, issued by John Coates & Son (T. W. Hully), Stock & Share Brokers, based at Jubilee Buildings, Brock Street, Lancaster. Formed under the rules of the Provincial Brokers\' Stock Exchange, the document records the sale of securities: \"SOLD on your account the undermentioned... To Tress of C. T. Preston deced.\". The typed transaction details the sale of 40 Midland Bank Ltd £1 shares at 93/-, totaling £186 0s 0d, with deductions for broker\'s commission (£1 10s 0d) and contract stamp (1s 0d), leaving a net sum of £184 9s 0d for cash settlement. The note is franked with a red King George VI One Shilling (1/-) \"CONTRACT NOTE\" revenue stamp, pen-cancelled across the portrait with the firm\'s signature \"John Coates & Son 27/11/44\".
Background Information
Operating from Jubilee Buildings on Brock Street in the historic county town of Lancaster, John Coates & Son served as prominent regional investment brokers affiliated with the Provincial Brokers\' Stock Exchange (PBSE). Established in 1912, the PBSE represented brokers outside London and the major regional cities, coordinating stock dealings across regional centres in northern England. Executed during the latter stages of the Second World War in late 1944, this document settled equity shares belonging to the deceased estate of C. T. Preston. The affixed George VI fiscal revenue stamp represents statutory contract stamp duty levied by Inland Revenue on wartime securities transactions, making this an interesting survival of regional Lancashire commerce and fiscal philately.
Condition Report
Very good, intact condition on pale blue wove paper with crisp black letterpress printing and clean typed entries. Clear ink cancellation across a bright, well-centred revenue adhesive stamp. A few minor faint age spots to the paper and light handling wear, but free of heavy folds or tears. See Photos for Condition
Shipping Information
Carefully packaged in a protective sleeve to ensure safe delivery. Shipped securely in a rigid mailer to prevent bending or damage during transit.
This description has been prepared with the assistance of AI. Please rely on the photos to judge condition and details before offerding, as errors can occur. I’m happy to answer any questions if needed.
