^Lot 1109 South Sea Co. Power of Attorney.

Britain, Feb 16th, 1724, Power of Attorney for selling and transferring capital stock, Printed in black with vignette of company's arms top center, 3 Six Pence stamp imprints top left, 2 Different red wax seals bottom left and right, Fine condition. South Sea Co. was incorporated in 1711 and had exclusive trading right to Spanish South America. Main purpose of the company was to fund the government debt incurred during the War of Spanish Succession. Speculation in the stock then led to the famous South Sea Bubble in 1720. (Sotheby's Lot 592 Date (?)).