Lot 123: CEYLON CO. OF PEARL FISHERS, LTD
October 29, 2016
Brussels, BelgiumLive Auction
Description: 31 January 1907 Deferred Shares of 1 Shilling. red. No 531. Folds. Formed London 1906, liquidated 1912. They were successful in the fisheries 1906 and 1907 so that very good dividends was paid. In fact, about £50,000 was paid out to shareholders during the first two years on an issued capital of £90,000 ! After that, there were no more fisheries and the company paid rent to the Government until lack of any prospects of a fishery resulted in a re-arrangement of terms and the termination of the lease in April 1912. Ceylon (today Sri Lanka), was a British colony between 1796 and 1948.
Condition Report: VF-EF