THE BARING BROTHERS.
RECONSTRUCTION OF THE
FIRM.
Press Association.-Electric Telerjraph.-Copyright. London, November 22. It is understood that Sir Edward Cecil Guinness, of Messrs. Arthur Guinness and Co., becomes a partner in the newfirm of Baring Brothers. Mr. T. C. Baring, M.P., who is president of the re-formed company, places the whole of his fortune at its credit, Messrs. J. Hodgson, Francis and John Baring, and other directors of the old firm retain the right to buy out the share-
holders at a heavy premium. Since the particulars of the guarantee and reconstruction have been made known, an amazing reaction has set in, and prices of colonial stocks have risen i- to 1 per cent.
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Bibliographic details
New Zealand Herald, Volume XXVII, Issue 8422, 25 November 1890, Page 5
Word Count
114THE BARING BROTHERS. New Zealand Herald, Volume XXVII, Issue 8422, 25 November 1890, Page 5
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