| REF. NO. | DENOMINATION | DESCRIPTION | NO. ISSUED | CONDITION | VALUE |
|---|---|---|---|---|---|
 |
|||||
| 101 | 5/- shares | 19[29], mauve | #433 | VF | £35 |
De Lavaud Free-Wheel Differential Ltd
Registered 1929. A French invention which was manufactured at Letchworth, Hertfordhsire for a few years. It replace the rear axle so that when pressure was lifted off the accelorator the gear disengaged and the vehicle free wheeled. It was fitted to a Rover motor car for testing but not much further was heard of the company. Probably a victim of the 1929 company crash. Dissolved <1948. Company number 237715
Capital £200,000 in shares of 5 shillings.
1929