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South Sea Company proposes division of capital into annuities and trading stock
The General Courtapproved a resolution to divide the company’s capital into three parts converted into annuities at 4 percent and a fourth part kept as trading capital. Provisions ensure annuitants’ payments, governance rules, and debt arrangements. The plan, to be debated by ballot, aims to reduce debt and reallocate assets while preserving trading rights for the remaining capital. Concurrent dispatches report on Russia, Persia, and French affairs with royal activities, fortifications, and scientific notes.
MENTIONED IN THIS ARTICLE
South Sea Company
Coure
Court of Directors
Heads
South Sea
Italy
M. de Westphalen
Denmark
Count Osterman
Baron de Brackel
Copenhagen
Astracan
Derbent
Sophi
Persia
Moscow
Siberia
China
Voronitz
Levatchan
Czarina
France
Pars
N.S
la Muette
Fee
Versailles
Compiegne
Provost Des Marchands
Corps de Vile
Bourget
Chartres
M. Gaudion
de Selles
Moufle de la Tuillerie
Messieurs de
M.de Beaumur
Teigne
M. du Fay
M. Buache
M. du Hamel
d’Aumour
Cardinal de Fleury
Chamber