Agriculture

North British Australasian Company Limited – Delay on Wool Clip creates liquidity issues – 1892

Original manuscript letter from the Company Secretary of the North British Australasian Company Limited from their headquarters at 10 Moorgate Street, London E.C. dated 5th July 1892.

Addressed to Cochran Macpherson who were likely the lawyers of 152 Union Street, Aberdeen who were no doubt attending to their wily Scottish clients interests.

I legible hand but for ease of reading … “Dear Sirs, I am in receipt of your letter of the 1st inst and in reply beg to say that the delay in the payment of the Guaranteed interest is owing to the non-arrival of the greater part of the Wool Clip. We have however received a Cablegram saying that same is being pushed forward and expected to arrive here in September. On the completion of the sales whatever amount remains after meeting out-goings in the Colony will be appropriated for interest on the Guaranteed Stock. A payment on account would have been made ere this had it been possible to have sold a large quantity of surplus Live Stock on the Stations at the present time but prices are so extremely low that we are prohibited from doing so .. ”

The North British Australasian Company were formed in the early 1840’s and by the time of this letter had extensive interests in Australia.

What at first hand may be a routine business letter … reflects the difficulties facing the Australian agricultural sector to this day … overstocking when prices are low, delays caused by unforeseen reasons and shareholders expecting guarantees when they cannot be fulfilled.

10 Moorgate is a beautiful building now occupied by ING Group.

Liquidity Issued Politely Explained
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NB – Postage will be reduced on final billing

$90.00

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The Cattle King [The Story of Sir Sydney Kidman] – Ion Idriess

Published in Sydney by Angus and Robertson in 1951.

Octavo, 277 pages, a very good copy in a very good dust jacket, small chip top edge, super clean inside.

The Biography of Sir Sidney Kidman who started with five shillings and eventually controlled over 100 cattle stations an area half the size of Queensland.

Well illustrated from period photographs and end paper maps showing the extent of the Kidman interests at the front and stations, stock routes, coach routes and railways referred to in the text … at the rear.

Good reading & photographs … a cattle empire much in the financial news of late.

$60.00

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Report to The Council of the League of Nations on the Administration of the Territory of New Guinea from 1st July 1930 to 30th June 1931.

A very good, near fine copy of the annual report on all things New Guinea. The Council of the League of Nations was the first inter-Governmental organisation formed to maintain world peace. It was established after WWI, the consequences of which saw the administration of New Guinea pass from German to Australian hands.

Foolscap, stapled, 130 pages plus large folding coloured map at rear. Printed in Canberra by L.F. Johnston for the Commonwealth Government.

We are always taken aback by the depth and detail of these reports. The key items of interest, we believe, are … the report on the state of gold mining and associated aviation activities … Edie’s Creek was just starting to produce; the District Patrols; the lengthy report from Sir Hubert Murray on his mammoth tour covering 4,440 miles in the steam yacht Franklin … and the super coloured map 72cm by 34cm.

Complete New Guinea report during the gold discovery era, special tour by Hubert Murray and fine map of “influence”.

$120.00

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North British Australasian Company Limited – Delay on Wool Clip creates liquidity issues – 1892

The Cattle King [The Story of Sir Sydney Kidman] – Ion Idriess

Report to The Council of the League of Nations on the Administration of the Territory of New Guinea from 1st July 1930 to 30th June 1931.

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