People & Investments (1) |
Trustee
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Firm Evolutions (1) |
1864 →
[Morning Post]
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Notes |
Established to import oil from Trinidad from lands and estates 'provisionally secured to the company'. Prospectus: 1. The sources of supply practically inexhaustible; 2. Transport simply from the colony: lake and oil springs so close to coast only needs shipment and at a rate lower than any other known source; 3. Good demand from England and France for oil to be used in asphalt and pitch manuf. and as lubricant; expectations of profits of 25% on the capital from the beginning. Initial capital: £150,000 in shares of £20 each. Expect to import 8,000 tons in first year at cost of less than £7 per ton. (Daily News) |
Sources |
The Morning Post, 11 July, 1864; Daily News, 11 July 1864 |