Business

A Matter of Speculation [Financial Scandel in 1815] – The Case Against Lord Cochrane – Henry Cecil – First edition 1965

It’s the year before Waterloo, 1815 and a fine plot is put into effect to manipulate the London Financial Market – a false report is made in grand style that Napoleon has been defeated … indeed dismembered. The idea is to cause a run on the stocks taking quick and sizeable profits.

Lord Cochrane, yet to carry out his boldest endeavours, fighting the Spanish and Portuguese in South America, makes a handsome profit buying and selling large holdings before settlement is required at the Broker. It’s all rather complicated … but is Cochrane personally involved in all the shenanigans?

The book is very cleverly written, presenting the background, evidence from the Courts, without revealing the outcome. We will not either.

Published by Hutchinson, London in 1965. Octavo, 208 pages, ownership signature on pastedown, otherwise a fine copy.

Cochrane one smart cookie but was he guilty?

$25.00

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Ways of Working [Industrial Heritage in Tasmania] – Marwood – 1986

Effectively self published, printed by Kangaroo Press in 1986.

Perfect bound quarto size, 160 pages. A hefty piece of work on the industrial heritage of Tasmania, a new found Voyager favourite category.

Marwood provided the text which gives him naming rights but the photography was done by several camera happy individuals. Some historic images elected from various archives.

Six major projects are covered, each one done very well. West Coast Mines (the E-Z Company of Roseberry); Hydro Electric; Roads; Waverley Woollen Mills; James Nelson [Weaver] of Launceston and Tasmanian Railway Workshops.

Historic Record of Tasmanian Industry

$45.00

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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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A Matter of Speculation [Financial Scandel in 1815] – The Case Against Lord Cochrane – Henry Cecil – First edition 1965

Ways of Working [Industrial Heritage in Tasmania] – Marwood – 1986

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

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