Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-12-16
Barring Brothers Reconstructed.
IL MN SfnnE ~


The Company of Barring Brothers &
Co. (Limitedl has just been registered
at Somerset House, with n capital OF
81 900, 000, divided into 1000 shares Of
$500 each, to take over and carry on the
business Of bankers merchants, and
financial agents now carried on under
the style of Barring Brothers & Co. at s
Bishopgate street, Il. c., the purchase
including all or any of the contracts or
liabilities of the said firm, power being
also taken to establish and carry on IN
the United Kingdom or elsewhere the
business OF bankers. capitalists, financial
and monetary agents. and eychanRers.
The business IS taken over upon terms
Of a contract OF the DIST instant between
Messrs. Barring Brothers 4 Co. and the
individual partners thereof, VIZ, Ed
ward Charles Lord Revelstoke, Henry
Bingham Mildmay, James Stewart Mild
may, Jemes Stewart Hodgson, the Hon.
Francis Henry Barring, Robert Kirkman
Hodgson, the Hon. John Barring, and
Archibald Campbell Norman (called the
trlnsferrers) of the one part, and Charles
Stewart, OF 81 Coleman street, Gas trus-
tee for this company of the other part
The business is taken over az from the
18th instant, the transfer 10 in
clude property or assets OF any
description whatsoever, all such
property having been transferred
or bypotbecated TO the Bank Of
England. All cash deposits or securities
held by the transformers shall continue to
he held by them at the disposal of the
Bank of England, subject to the rights
Of the owners thereof. The transformers
agree to give the company all possible
facilities for the future conduct of the
business in all its branches, and to give
access to all books Of account, CORE
spondence, or other documents relating
TO the business. The transferrers also
agree to give their services TO the company
in the capacity of directors, managers, or
otherwise, on such terms as may be
agreed upon. and to communicate to the
company all knowledge or information
respecting the business The company
will at any time previous to the 3lst Of
December, 1895, on receiving SIX months
notice in writing from the transferrers,
or the survivors of them, transfer to
them. as they may direct, the business
agreed to be transferred on payment OF
sum of money equal to 100 per cent. OF
the paid-up capital of the company for
the time being, and the company shall
upon such retransfer be wound up, or if
the transformers shall elect the company
will instead of retrsnsferring the business
as aforesaid convert the then existing
share capital which may be held by the
shareholders other than the transformers
into 6 per cent preference shares
at the rate of 9l20 for every
9l0O of such share capital, and
will issue TO the transferrers de-
ferred shares to the amount which
they may hold in the then existing share
capital. and to the amount OF any addi-
tional capital which they may then, or at
any time thereafter, bring IN, provided
always that the obligations by tins clause
imposed on the company shall not be
binding on the company until all the
liabilities Of the transformers as existing
on the 18th Of November, 1890, have
been discharged.