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South Sea Company Redeemable Funds Distribution Proposals
Provisions outline rate of thirty three pounds six shillings eight pence per hundred stock to redeemable fund proprietors and second to fourth subscriptions. Proposed four million one hundred fifty six thousand three hundred pounds, with terms of four and a half years and one year purchase. Plans reduce capital stock and equalize second subscriptions with first. Credits to remain with stockholders, and borrowers from the South Sea Company may discharge debts by ten percent payment, with pledged stock and dividends transferred to the company.
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South Sea Company
South- Sea Company
Zune
Credie
South-Sea Company