First Issue of 25 000 Shares at Premium Expected
The notice states an issue of 25 000 shares with £1 each, over 12 000 have already been applied for, and any further issue will likely be at a premium.
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Newspaper
Nonconformist
Location
London, Middlesex, United Kingdom
Date
Jul 09, 1879
Page
12
The notice states an issue of 25 000 shares with £1 each, over 12 000 have already been applied for, and any further issue will likely be at a premium.
Capital, £50,000 in 50,000 shares of £1 each. Payable ros. per share on application and on allotment, ending all liability. Deposit refundable if no allotment. Directors named and offices listed with bankers, solicitors, auditors, architect, secretary, and registered offices at Newgate Street.
A prospectus outlines a new association modeled on large stores to serve nonconformists and others overlooked by existing co operatives. It promises low prices, twelve stock turnovers yearly, 6 percent interest to shareholders, and profit sharing via cheques or delivery orders for purchases. Members gain life membership with 10s, annual dues 2s 6d, and access to a club and refreshment department.
Published by W. BR. Wittcox at No 18 Bouverie Street London and printed by R. K. Burr & Co Wine Office Court Fleet Street London on July 9 1879.
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