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board, on the vague authority of a show of hands, the Greenwich property, its revenues and rights, with its present and prospective tolls, for 999 years, rt a le-predated value of (as has been clearly showi ) fir m forty to fifty per cent., thereby preventing, as far as any such illegal proceeding could do so, the possibility of the five per cent., or upwards, contemplated by the Act ever being attained, and thus endeavoured to perpetuate the mortgage priority of dividend by-transferring half the revenues anticipated on the outlay, yet it must be readily perceived that the directors and officers of the South Eastern and Dover Company, who in this way became possessed of such property and rights, can only be regarded by the Greenwich shareholders and the public as acting, since January 1845, when the cession took place, as trustees and collectors for the proprietors of the Greenwich company, whose property', it is obvious, could no more leeallv or constitution-thlieIT Ide
Newspaper Details
London Morning Post
London, Middlesex, GB
Fri, Jul 23, 1847
Page 3
Full Page
Clipped by
Anonymous
USA 21 Apr 2017
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