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The Companhia de Moçambique was formed in 1888. It administered
by concession the central part of Portuguese East Africa (Mozambique) from 1891
until 1941, when its 50 years charter terminated(prolonged from 25 years in 1897).
Although the company had its headquarters at Beira, it was controlled
and financed mostly by British investors. The company had exclusive rights to develop
the economy of its territory, which, politically and legally continued to belong
to Portugal. The concession gave the company special trading privileges and even
the authority to collect taxes and duties but infrastructure was to be
constructed, public services maintained and a fee paid to the Portuguese
government. Most rights, including the direct administration of the territories
and the issuing of stamps, reverted to Portugal in 1942.
The organisation of the postal service was part of the rights
and obligations of the Mozambique Company, and between 1892 and 1941 it issued
postage stamps (some 280 different). Most of the stamps from 1918 on were recess
printed in London and are colourful and exotic. The sale of stamps (frequently
cancelled to order) certainly was a welcome income for the company.
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