Norfolk Estuary Company, £50 share, 1847
£15.00
- Description
Description
Norfolk Estuary Company, £50 share, 1847, black, watermark for Smith and Ebbs printers.
By the Norfolk Estuary Act, 1846, two areas comprising some 32,000 acres lying in the vicinity of King’s Lynn and Sutton Bridge and forming part of the bed and shores of the Wash were vested in the Company of Proprietors of the Norfolk Estuary, for reclamation of the land, subject to the payment to the Crown as compensation for its interests in the areas, a sum equal to one per cent of the cost of embanking and reclaiming the land. If the Company failed to complete the work within 21 years from the date of the Act its powers would lapse and any unreclaimed areas would revert to the Crown.
