The South Australian Company, a Study in Colonisation
The South Australian Company, a Study in Colonisation
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In our eReader you can find the full English version of the book. Read The South Australian Company, a Study in Colonisation Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The South Australian Company, a Study in Colonisation
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In less than a couple of years more than 700 railway schemes, involving a capital outlay of nearly 800,000,000/. sterling, had been launched upon the British money market. Fortunes were made in the course of a few hours through the sudden rise in share prices occasioned by the almost universal practice of gambling in speculative scrip. The mania too, it should not be forgotten, affected not only projects for the building of railways, but also the schemes of all sorts of joint stock companies.
T...he general excitement in England was such, indeed, that for ordinary and sound steady projects, such as those for which the South Digitized byVjOOQlC 1 66 Copper and Gold Australian Company had issued debentures, a high rate of interest was demanded. For this reason, in 1847, the Directors pointed out to the shareholders that, if they wished to avoid a still further increase in the rates payable to those who had lent them money^, they should at once make an effort to liquidate their debt and thus to secure for themselves the earnings of their investments.
What to read after The South Australian Company, a Study in Colonisation?
You can find similar books in the "Read Also" column, or choose other free books by George Sutherland to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In less than a couple of years more than 700 railway schemes, involving a capital outlay of nearly 800,000,000/. sterling, had been launched upon the British money market. Fortunes were made in the course of a few hours through the sudden rise in share prices occasioned by the almost universal practice of gambling in speculative scrip. The mania too, it should not be forgotten, affected not only projects for the building of railways, but also the schemes of all sorts of joint stock companies.
T...he general excitement in England was such, indeed, that for ordinary and sound steady projects, such as those for which the South Digitized byVjOOQlC 1 66 Copper and Gold Australian Company had issued debentures, a high rate of interest was demanded. For this reason, in 1847, the Directors pointed out to the shareholders that, if they wished to avoid a still further increase in the rates payable to those who had lent them money^, they should at once make an effort to liquidate their debt and thus to secure for themselves the earnings of their investments.
What to read after The South Australian Company, a Study in Colonisation?
You can find similar books in the "Read Also" column, or choose other free books by George Sutherland to read onlineMoreLess
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