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Correspondence, Printed Papers and Newspaper Cuttings Relating to the Persian Bank Mining Rights Corporation Ltd [223v] (485/586)
The record is made up of 2 volumes (276 folios). It was created in 1 Jul 1889-20 Dec 1892. It was written in English and German. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
This transcription is created automatically. It may contain errors.
The Imperial Bank of Persia has entered into a conditional contract for sale ot these mining
Privileges and rights to the Company. The purchase price has been fixed at £800,000 to be paid as
respects £150,000 in cash and the balance by the allotment to the Bank ot li 6 oO ,000 m ,
fully paid-up Ordinary Shares of £5 each in the Company.
The £350,000 of Capital obtained by this issue will provide for the above-mentioned cash
payment to the Bank, and the residue of the Capital, viz., £200,000, will, it is anticipated, be amply
sufficient to explore the whole mineral resources of the Empire, to develop and work such of the
mines as the Company may deem it expedient to work themselves, and to make the preliminary
developments and surveys previous to ceding any mines to subsidiary Companies.
The Mining Engineers already sent out by the Bank will be transferred to this Company.
It is anticipated that large returns will be obtained by the sale of mining rights to subsidiary
Companies.
The profits for each year will be applicable, first to the payment of dividends up to 10 per
cent, per annum on the Preferred Ordinary Shares, and next to the payment of dividends up to 10 per
cent, per annum on the Ordinary Shares, and after payment of such respective dividends, one half of
the surplus profits will be applied in payment of dividends on the £350,000 Preferred Ordinary
Shares, and the other half in payment of dividends on the £650,000 Ordinary Shares.
In order that the Company may commence business with its Capital intact, the present issue
is made at a premium, and an agreement has been entered into with Messrs. J. Henky Scheoder & Co.
and Messrs. David Sassoon & Co., that in consideration of such premium they guarantee the placing
of the whole of the Preferred Ordinary Shares, and are to pay and indemnify the Company against all
the expenses of forming and establishing the Company, including all registration fees, legal expenses,
stamp duty, brokerage and other expenses, down to the final general allotment of shares.
Copies of the Concession from the Imperial Government of Persia, and of the Contract dated the
IfthotApnHSg 0 , between the imperial Bank of Persia and this Company ; also of the Contract dated
l f d P 1 189 °’ betWeen tiis C ° m P a V and Messrs. J. Henry Schroder & Co. and Davjd
assoon c O., a so of the Reports ol Dr. Tietze and General Schindler, together with the book of
the mines excepted from the c “ i011 ’ be ^ ^
per Share.
Applications for Shares must be made in the annexed form, accompanied by a deposit of 10 a.
In cases where no allotment is msrio fWa v t
amount allotted is less than that applied for the surnl ^ ” '• 1 0 ° returned in full > and wh ere the
due on allotment. PP ^ ^ SU 1 P lus de P» d s will be applied towards the payment
22nd ini 16 ^h 801 '^ 011 ^ ^ M ° nd V> ^Ist, and be closed on or before Tuesday, the
Brokers, MeLs. W. Greenwell JU^EC ^ ^ l8SUing Houses > and from the
London, 18^ April, 1890.
About this item
- Content
These papers, which are spread across two volumes, contain material relating to mines and mining rights in Persia, and more specifically to the affairs of the Persian Bank Mining Rights Corporation Limited, of which George Nathaniel Curzon was a director.
The first part (26 March 1890-27 March 1892) is mostly comprised of received correspondence regarding Curzon's appointment to the board of directors of the recently formed Persian Bank Mining Rights Corporation and the company's interests in mines and mining rights in Persia. Also included in this part are facsimiles of company correspondence and reports, forwarded to Curzon by the company's Secretary, Lewis Hamilton, concerning the company's affairs, with discussion of existing and potential mining sites in Persia. Notable correspondents in this part include Edward Albert Sassoon of David Sassoon and Company, as well as fellow board members and other representatives and associates of the Persian Bank Mining Rights Corporation such as Lewis Hamilton, Sir Lepel Henry Griffin, and Albert Houtum-Schindler.
The second part (1 July 1889-20 December 1892) consists of Curzon's own handwritten notes plus a selection of reports, printed papers, newspaper cuttings, and correspondence, not only on mining and mining rights in Persia, but also regarding the affairs of the Persian Bank Mining Rights Corporation. It includes a list of those mines that are privately-owned and those that have been given in lease by the Persian Government, as well as details of Persian mines that are at the disposal of the Imperial Bank of Persia. Papers directly relating to the Persian Bank Mining Rights Corporation include copies of a memorandum and articles of association, as well as circulars, balance sheets, and a copy of extensive correspondence between the company and Houtum-Schindler. Also included is a copy of the general report of another company, the Persian Road and Transport Company, dated March 1891.
Among the papers are four plans: three of the Elburz [Alborz] mountains (folios 33, 36 and 45) and one showing transport routes across Persia (folio 266).
The German language material consists of three book titles cited by Houtum-Schindler.
- Extent and format
- 2 volumes (276 folios)
- Arrangement
The papers in both volumes proceed in approximate chronological order from the front to the rear of the volume.
- Physical characteristics
Foliation: this file consists of two physical volumes. The foliation sequence (used for referencing) commences at the first folio of volume one (ff 1-138) and terminates at the last folio of volume two (ff 139-276); these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. An additional foliation sequence is present in parallel between ff 1-276; these numbers are printed, and are not circled. The foliation sequence does not include either the front and back covers or the flyleaves of the volumes.
- Written in
- English and German in Latin script View the complete information for this record
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Correspondence, Printed Papers and Newspaper Cuttings Relating to the Persian Bank Mining Rights Corporation Ltd [223v] (485/586), British Library: India Office Records and Private Papers, Mss Eur F111/71, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100115597949.0x00004c> [accessed 16 February 2025]
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- Reference
- Mss Eur F111/71
- Title
- Correspondence, Printed Papers and Newspaper Cuttings Relating to the Persian Bank Mining Rights Corporation Ltd
- Pages
- 223r:227v
- Author
- Persian Bank Mining Rights Corporation Limited
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.