A printed circular by 'Members of the Birmingham Committee of Shareholders', addressed 'To the Shareholders of the Standard Bank of London Limited', with a lithographed facsimile letter from the firm's liquidator Leslie, and a share prospectus.

Author: 
Henry Leslie, F.S.A. [The Standard Bank of London Limited; London Stock Exchange; Victorian economics]
Publication details: 
Circular dated 'Committee Room, 116, Colmore Row, Birmingham, 27th April, 1882.' ['Printed by JOSIAH ALLEN, Birmingham.'] Lithograph dated 8 May 1882. Prospectus: 10 December 1880.
£125.00
SKU: 8491

According to the prospectus (item three below), the Bank was 'Incorporated under the Companies' Acts, 1862, 1867, 1877 and 1879.' The three items were formerly pinned together. Item One (printed circular): 4to, 4 pp. Bifolium. Good, on lightly-aged paper. Headed 'TO SHAREHOLDERS ONLY. - PRIVATE.' Signed in type by seven 'Members of the Birmingham Committee of Shareholders'. The first paragraph reads 'The action of Mr. EDWARDS in moving at the General Meeting, held on the 26th January last, to the effect that this Company should be wound up voluntarily, has been followed by the formation of this Ccommittee.' A key paragraph reads: 'The Bank has sufficient in hand to pay every debt and return 50s. per Share to the Shareholders at the present time, and in the course of two or three months a further amount of about 30s. per Share; but if this delay of the Directors drifts the concern into Chancery there can be no telling when or what may come to the Shareholders' pockets.' On the reverse of the last leaf are given the details of six members of five committees (London, Birmingham, Liverpool, Scotch and Irish). Item Two (lithographed facsimile of letter by 'Hy. Leslie. F.S.A.'): 4to, 2 pp. On letterhead of Leslie, Kirby, Straith, & Co., 4 Coleman Street, Bank, London E.C. Fair, on lightly-aged and grubby paper. Headed 'The Standard Bank of London Limited'. Begins 'Madam, | I beg leave to inform you that I was on Saturday appointed by Vice-Chancellor Hall provisional Liquidator of this Bank jointly with the Chairman, Mr. Alderman Hadley. | The differences of opinion amongst the Shareholders have been so great that it became apparent no Resolution could be arrived at by a "three-fourths majority" of the Shareholders at the Meeting convened for the 18th. inst.' Item Three (printed prospectus): 4to, 1 p. Dated 10 December 1880. Text clear and complete. On heavily-aged paper with closed-tears and chipping to edges of margins. Headed 'First Issue of 50,000 Shares of £20 each. | The Liability of Shareholders is Limited to the amount of their Shares.' Prospectus in nine numbered parts, beneath a list of the Bank's officers.