Ukraine, New Russia Company Ltd., £100 bond, 1910, Waterlow, with coupons, registered 1869 by Welshman John Hughes, Hughesovka (Donetsk)

Russia, New Russia Company Ltd., £100 bond, 1910, large format with ornate border, blue & black, printed by Waterlow & Sons, with coupons.

Registered in 1869 by Welshman, John Hughes, to operate heavy industries in Ukraine. The town which grew around the factories was known as Hughesovska (Donetsk) and the company was nationalised by the Soviet Government.