Etablissements Borel
Action de cent Francs au Porteur
Borel share certificate of 1918.
[Etablissements Borel was a French aircraft manufacturer of the early twentieth century. It was founded by Gabriel Borel(1880-?1960) and manufactured a number of monoplane designs between 1909 and 1914. The factory, located at Mourmelon was temporarily forced to close when the outbreak of World War I saw most of its workers conscripted into the army, but Borel re-opened in November 1915 to produce military aircraft for France under licence from other manufacturers including Caudron, Nieuport and SPAD.(Wikipedia)]
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France - 1918 - Etablissements Borel
Art.Nr. 13573