Central America In Honduras -Independent State of Poyais Bearer bond for 20 Acres of Land 1834 - Coat of arms of the self styled Ruler “Gregor Mac Gregor” black printing. Large format with extensive text in English and French. Size. 13¼” × 19½”. Hand signed by “Gregor Mac Gregor”. He was a Scottish adventurer who purchased land on the Honduras coast which he called Poyais, issued these fraudulent bonds on the Stock Markets of London & Amsterdam, paid a few coupons out of the capital and pocketed the rest