Scheme for payment of York Bullpines Company debts
A plan presented at the General Court in Winchester Street on July 19 1732 outlines how the York Bullpines Company intends to settle debts of about 160 000. It proposes a stock call of 1 1/2 percent, a subscription to exchange old bonds for new 100 pound bonds at 4 and 5 percent, plus additional calls and sales of annuities to fund the repayment, with funds directed wholly to debt discharge and no dividends until obligations are cleared.