The product is a rare 1935 India Khallikote Raj £100 debenture from the Madras Presidency. Only 650 of these debentures were issued, making it a highly sought-after collectible for those interested in stocks and bonds from that era. This unique piece of scripophily offers a glimpse into the history of India's financial system during the early 20th century and is sure to be a valuable addition to any collection. Not redeemable for face value.