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Wednesday, July 29, 2020 | History

1 edition of state of the case between the South-Sea Company, and the proprietors of the redeemable debts found in the catalog.

state of the case between the South-Sea Company, and the proprietors of the redeemable debts

state of the case between the South-Sea Company, and the proprietors of the redeemable debts

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Published in (London .
Written in English


Edition Notes

Other titlesThe case of the annuitants of the redeemable debts.
Statement(Anon.).
The Physical Object
Pagination7 p. ;
ID Numbers
Open LibraryOL20350160M

  Inspired by Law's scheme, John Blunt, a shady character who was the dominant figure on the board of directors of the South Sea Company, obtained the right from the government to convert a large portion of the government debt into shares of the South Sea Company in return for the promise to pay the government £ million. Extracts of letters from Messrs. Thompson, Pratter and Haselwood, Agents of the South Sea Company at Jamaica, to the Court of Directors, Feb.—Aug. Complain of the levying of the tax on re-exported negroes, and fear the Assembly .

In early the South Sea Company and the Bank of England were cometing for the right to issue new shares and to exchange those shares for government bonds, which were then in the hands of the public. The British government has already executed two such debt conversion with South Sea Company. Most of the people that were convertible bonds to shares in and saw their South Sea . Contemporary Sammelband of 20 works on the South Sea Bubble. An exceptional collection of South Sea material, comprising 20 works on the Company bound together in the immediate decades following the burst of the bubble. The majority, 14 titles, are by Archibald Hutcheson, the great Cassandra of the project. They include both his warnings of financial irregularities before .

  In , the same duties (which at this time were thus subject to four different anticipations) together with several others were continued for ever, and made a fund for paying the interest of the capital of the South Sea Company, which had that year advanced to government, for paying debts and making good deficiencies, the sum of 9,,l. In , the total indebtedness amounted to £48 million, consisting of some old debts from Charles II, a significant amount of high interest irredeemable loans taken up in the s, the recent lottery loans, and the liabilities the state owed to the Bank of England, East India Company, and the South Sea Company.


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State of the case between the South-Sea Company, and the proprietors of the redeemable debts Download PDF EPUB FB2

State of the case between the South-Sea Company, and the proprietors of the redeemable debts ([London: s.n., ]). Bibliographic Record Steele, Richard, Sir, A state of the case between the South-Sea Company, and the proprietors of the redeemable debts. State of the case between the South-Sea Company, and the proprietors of the redeemable debts ([ London: s.n., ]).

Bibliographic Record Trustees for Raising Money on the Estates of the Late Directors of the South Sea Company (Great Britain). [Pg 5] A. PROPOSAL To Restore Publick Credit, and Pay the Nation's Debts. That the South-Sea Company be put in Statu quo; and if the Estates of the late Directors, their Aiders and Abettors state of the case between the South-Sea Company not do it, the Government to make up what is wanting.

That the Subscriptions at Three Hundred, Four Hundred, Eight Hundred, and a Thousand, be all paid into the. This being the case, whether the ballances to be remitted will be increased or diminished must depend on the relative proportions of outstanding debts.

If a former debtor State owes to individuals a smaller sum in proportion to its contributive faculty, than a former Creditor state, the assumption of9 the debts of both to be provided for out of. The South Sea Company (officially The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America, and for the encouragement of the Fishery) was a British joint-stock company founded increated as a public-private partnership to consolidate and reduce the cost of the national generate income, in the company Former type: Public.

This banner text can have markup. web; books; video; audio; software; images; Toggle navigation. The Five following, from N o 2. to N o 6. included, are indeed to empower the Directors of the South Sea Company; but it is only to take Subscriptions of Tallies, Orders, Debentures, and the like Government Securities, and to compute the Interest due thereon, in order to the admitting the Proprietors into the Company at the Rates stated in the.

Book Name: Commercial Law and Industrial Law 26th Edition Writer: Arun Kumar Sen, Jitendra Kumar Mitra BORROWING POWERS, DEBENTURES BORROWING POWERS OF A COMPANY The powers of a company are determined by the memorandum and the articles of association. Therefore a company can borrow money, and if so to what extent, are matters.

Sole proprietors are personally liable for all of the debts incurred by their business. A corporation that registers for S corp status with the IRS is not necessarily treated as a close corporation under state law unless it complies with the state statute's particular requirements.

holds LLC members liable for the debts of the company. Even though all states recognize and provide both procedural and internal default rules for a limited liability company (LLC), LLC statutes can vary considerably from state to state.

True Limited liability companies (LLCs) are frequently governed by agreement of the parties in the form of a statement of qualification. Case of the annuitants and proprietors of the redeemable debts: in a letter to the author of the several calculations on South-Sea stock / by Eustace Budgell, Esq.

(London: Printed for J. Roberts, near the Oxford-Arms in Warwick-Lane, ). An illustration of an open book. Books. An illustration of two cells of a film strip.

Video An illustration of an audio speaker. between the publick and the South-Sea Company. In a letter address'd to the author 'A letter to the author of The case stated, between the publick and the South-Sea Company' Notes. A long-term debt instrument issued by the company under its common seal, to the debenture holder showing the indebtedness of the company.

The capital raised by the company is the borrowed capital; that is why the debenture holders are the creditors of the company.

The debentures can be redeemable or irredeemable in nature. Inthe same duties (which at this time were thus subject to four different anticipations) together with several others were continued for ever, and made a fund for paying the interest of the capital of the South Sea Company, which had that year advanced to government, for paying debts and making good deficiencies, the sum of £9, Get this from a library.

The case of the annuitants and proprietors of the redeemable debts: in a letter to the author of the several calculations on South-Sea stock. [Eustace Budgell]. Inthe same duties (which at this time were thus subject to four different anticipations), together with several others, were continued for ever, and made a fund for paying the interest of the capital of the South-sea company, which had that year advanced to government, for paying debts, and making good deficiencies, the sum of £.

A State of the Right in Fee, the Inhabitants of the Province of the Massachusetts Bay have to all the Lands, by them not granted, lying West of Connecticut River and adjoining thereon, and East of the East Boundary Line of the Province of New York, running North of the Point or Station in the late run Jurisdiction Line between the Bay Province and New Hampshire which constitutes the.

THE SOUTH-SEA COMPANY was originated by the celebrated Harley, Earl of Oxford, in the yearwith the view of restoring public credit, which had suffered by the dismissal of the Whig ministry, and of providing for the discharge of the army and navy debentures, and other parts of the floating debt, amounting to nearly ten millions sterling.

Examination and explanation of the South-Sea Company's scheme, for taking in the publick debts; shewing, that it is not encouraging to those who shall become proprietors of the engrafted stock, to join with the present proprietors of the company (London: Printed and sold by J.

Roberts, ). First edition. c) Sole proprietors are personally liable for the debts and liabilities of the sole proprietorship.

d) The sole proprietor owns all the assets of the business and is entitled to all of the profits that the business generates.Add to Book Bag Remove from Book Bag Saved in: An essay on the South-Sea trade with an enquiry into the grounds and reasons of the present dislike and complaint against the settlement of a South-Sea company /.In January the South Sea Company launched the ambitious plan to convert more than half of British government debt.

British government debt in was approx. 50 million pounds: million held by 3 large corporations ( Bank of England, East India Company, South Sea Company). Privately held redeemable debt amounted to mln.