Manila Railway Co. 1906 Limited - 1909 dated Philippine £100 Railroad Bond - Philippines
Inv# FB5061 Bond
Large, Impressive. Great! The Manila Railroad Company (MRR) was a Filipino state-owned enterprise responsible for the management and operation of rail transport in the island of Luzon. It was originally established by an Englishman named Edmund Sykes as the private Manila Railway Co., Ltd. on June 1, 1887. British engineer Horace L. Higgins was then assigned at the helm in Manila as its first general manager. On July 7, 1906, a separate private entity named the Manila Railroad Company of New Jersey was established. The two companies continued to own the Luzon railroad network until February 4, 1916 when the Insular Government acquired both companies and absorbed them into the new Manila Railroad.
The MRR was the largest single railroad operator in the Philippines of its time. It owned 1,140 kilometers (710 mi) of track during its peak in the late 1930s, approximately one-fifth of all the rail network in the country by 1939. It also had various types of rolling stock from the early tank locomotives and boxcars of the 1890s to the diesel-electric GE Universal Series and Japanese-built steel-bodied railcars of the 1950s. Asides from rail transport, the railroad also invested in buses, the water transportation industry and the hospitality industry. Read more at https://en.wikipedia.org/wiki/Manila_Railroad_Company
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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