Credit Mobilier meeting outlines amalgamation plan
The first general meeting of the Credit Mobilier Limited at the London Tavern heard a cautious but hopeful report. Directors urged increased capital through amalgamation with Credit Fencier and issuing new shares, detailing substantial profits on pending proposals and naming liquidators to wind up this company for a new combined venture.
MENTIONED IN THIS ARTICLE
Credit Mobilier (Limited
London
James Levick
Tham
Stuart Wortley
Grant
E. Warner, Esq
M.P
Credit Fencier
Newbon, Evans, and Co
Credit Fencier (Limited
Credit Fencier and Mobilier of England (Limited
James Stuart Wortley
Thomas Chandler Haliburton
Edward Warner
Alexander Dunbar
Charles Hillis
Adolphe Hakim
Henry Pownall
John Westmorland
Charles Evans Newbon
Directors defend share issue plan at shareholder meeting
The chairman outlined a plan to purchase dissentient members shares and issue new stock to the public. Directors argued the policy would expand capital and influence, while one shareholder urged higher premiums for outsiders. The chair and manager defended prompt, cautious finance and the resolution passed unanimously.
MENTIONED IN THIS ARTICLE
Credit Fencier and Mobilier of England (Limited
H.pownell
Spratt
Grant
Barings, Gibbes
Rothschilds
London
Westminster