Republique de l'Equateur: Compagnie du Chemin de Fer & de Travaux Publics de Guayaquil
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Text is in French. Dated Paris, 25 mai 1889, No. 17,318, for 100 Francs. Issued and uncancelled, certificate is in good condition, with heavier fold marks, and coupons 10-19 attached. 33 x 23 cm.