Cooper, McDougall & Robertson Ltd: Conference of Directors (on public company formation)

Various papers relating to a "Special Conference" to consider forming a public company. The Conference was held at 47 Russell Square, London, Tuesday 7 December, 1926, at 3 pm.

The file comprises:

14 November, 1924. "Finance and Taxation Committee. Matters for Consideration." Detailed document (typescript, secured in paper covers) prepared by "PRC" prior to amalgamation, considering economies in relation to amalgamation.

8 November, 1926. "Our Future" by Charles Timson.

24 November, 1926. Notes of confidential conference, "to afford Sir Ernest Roney an opportunity of expressing his opinion regarding the difficulty our Company has to face in giving effect to the Sales Agreement of 22nd October 1925". Roney advised forming public company.

24 November, 1926. "Short notes of a conference with Mr H C Bischoff (Counsel consulted by both Roney & Co, and Boote, Edgar & Rylands), at 1 New Square, Lincoln's Inn, London...."

30 November, 1926. Memorandum from Sir R A Cooper to Charles Timson, with two letters attached from James W Milne to Cooper (both 29 November).

30 November, 1926. Charles Timson, "The Future of the Business: Notes for Consideration of the Directors Preparatory to a Formal Discussion". Attached, related "Memorandum re 'Future of our Business'".

6 December, 1926. A D Robertson, "The Future of the Business," supplementing Timson's memoranda of 30 November.

6 December, 1926. "Declaration of Bonus Shares," beginning: "I cannot conceive any means or basis of issuing bonus shares whether of an Ordinary or Preferred nature other than that of the Ordinary Share Capital holding."

7 December, 1926. Sir R A Cooper, "The Chairman's Introductory Remarks for Conference of Directors on Tuesday 7th December." Reference is made to South African interests. "During the protracted negotiations with Nobels leading up to the Heads of Agreement, for the union of our interests in South Africa, we were forced to consider what the alternative position was likely to be in the event of these negotiations proving abortive.... The recent decision of AE&I Ltd, of South Africa, that they will not unite their chemical interests in South Africa with those of our Company, opens up a new problem affecting our interests in South Africa; this problem cannot be wisely decided without a consideration of the wider problem of protecting our world-wide trade."

7 December, 1926. Report of "Special Conference" (47 Russell Square, 3 pm). Present: Sir R A Cooper (Chair), C Timson, A D Robertson, D S A McDougall, W H Cooper, Brig Gen R M Foot, T H Lloyd, W F Stiff, H Arundel, D Robertson, and J A Hill. In attendance: Sir Ernest Roney, J W Milne, R G Longcroft, K B Edwards, and P R Clarke.

13 December, 1926. "Value of Combined Businesses".

22 December, 1926. Charles Timson, "Notes on Conference with Sir Ernest Roney, 21st Dec 1926". Present: C Timson, A D Robertson, and Sir Ernest Roney. "The Directors having resolved to convert the Company into a Public Company and to increase the nominal capital from £1,000,000 to £1,600,000 by the addition of £600,000 Preference Shares, Sir Ernest advised that the first steps towards the carrying out of these resolutions would be...."

5 January, 1927. Charles Timson, "Proposal re Issue of New Capital: Points to Decide".

11 February, 1927. Charles Timson, "Suggested Increase of Capital on Formation of Public Company: Explanatory Memorandum for Preliminary Consideration by Directors in Unofficial Conference".

14 February, 1927. Single sheet without title - refers to Resolutions of the Board.

1924-1927

1 file