Waltons Favourite River Being a Paper Read Before the Gresham Angling Society

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Waltons Favourite River Being a Paper Read Before the Gresham Angling Society
E H Bramley
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This is one of the most remarkable enterprises of the country. The financial circumstances connected with the formation of the com- pany are somewhat hazy. Various published accounts have stated the original subscription to have been 100 a share. Whether such was actually the case or not, is, in the Scotch sense, " not proven. " If it were so, the company was probably re-constructed, and the shares were re-grouped, inasmuch as they are now described as of limited number, and divided into King's... Shares and Adventurer's Shares, which former represent a certain number of shares given to the Mr>g in acknowledgement of the royal favour of granting a charter (an old form of levying taxes), and the latter investments entered into by subscribers. One of the directors informs me that the old books were all burned in a fire which occurred many years ago, so that the original constitution is a matter of conjecture. The shares dwindled in value till, at one time, they were offered at a very few pounds; they have, owing to increased demand for water by a rapidly-growing population, and by augmented value of estates in which the ( 4 ) funds hare been invested, swollen in value so that a King's Share is now worth about 110, 000, and an Adventurer's Share 125, 000 ; and each latter share yields a dividend of about 2650 a year.

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