English: Founder's share of the horse-drawn Clarence Railway Company, issued 23 May 1828 in Stockton. The Clarence Railway was a major competitor of the Stockton & Darlington Railway with a larger capital than the latter. From 1828 to 1833 the company issued shares and bonds to the nominal value of £440,000, which. This was almost double that of Stockton & Darlington Railway (£224,300).
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