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Newspaper
Weekly Chronicle
Location
London, Middlesex, United Kingdom
Date
Nov 26, 1864
Page
3
At Langham Hotel, Langham Place, shareholders discussed increasing nominal capital from £150000 to £180000 via 3000 new £10 shares with 8 percent preference. Debate touched on construction costs, past expenditure, and potential dividends while a committee proposal to audit spending was dropped.
At an extraordinary meeting held at Serjeant’s Inn London, Samuel J Wylde chaired as the report showed four years of accounts with 1863 yielding a profit over £2000 after a fire loss. Directors proposed raising £20,000 to issue 2,000 shares with 10 percent preferential dividend and 10 percent bonus on calls, offered pro rata to existing shareholders. The measure passed unanimously after a later adjustment.
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