October 9, 2020

Sassoon, Solomon David
#10 Chairman (1873-1874)

Updated on October 31, 2020

Solomon David Sassoon #10 (1873/2/14-1874/2/16)


Office HeldYear(s)
Chairman1873/2/14-1874/2/16
Deputy Chairman1872/2/17-1873/2/13
Director1868/1/27-1869/1/6, 1869/1/7-1870/1/28, 1870/1/29-1870/12/31, 1871/1/1-1872/2/16

Raw data
Sassoon D Sons

Information and commentaries pertaining to this term of office
Other members of the Board of Directors William Howell Forbes (us)(#11, #16, #27)(Deputy-Chairman), Russell (us)
Emmanuel Raphael Belilios (it)(#13)
Albert Farley Heard (us), Augustine Heart (us)
Friedrich Adolph Joost (de), Siemssen (de)
Henry Beverley Lemann (uk)(#7), Gilman (uk)
Hermann Melchers (de), Melchers (de)
Thomas Pyke (uk)(#9), Birley (uk)
Richard Rowett (uk)(#8), Holliday Wise (uk)

Replacements:
Melchers left, Adolf André (de) of Melchers (de) was appointed in his stead (HKDP 1873/4/1).
Henry Beverley Lemann left, William Lemann (uk) of Gilman (uk) was apppointed in his stead (HKDP 1873/5/1).
Johannes F. Cordes (de) of Pustau (de) appointed (HKDP, 1874/2/4).
Overlaping with government bodies and other key organizations
Legislative Council
Chamber of Commerce
Financials as of 1873/12/31
Balance-Sheet
Assets$'000Liabilities$'000
Cash & bullion11,263Paid-up capital5,000
Government Securities2,818Reserve fund1,000
Bills discounted, loans and credits9,841Notes in cicculatio, deposits18,767
Exchange remittances26,951Exchange acceptances26,131
Bank premises174Profit & loss account240
Dead Stocks89
Total51,139Total51,139
Profit & Loss Account
Debit$'000Credit$'000
Remuneration to directors10Balance of undivided profits, 1873/6/30 36
Rebate on bills not due4Amount of net profits for the 6 months ending 1873/12/31, after deducting all expenses and interest paid204
Dividend account at the rate of 8%, p.a. on $5mil200
Balance of undivided profits, carried forward to next half-year26
Total240Total240

Selected bibliography: The Bankers' Magazine 1874, BPC (Bankers' Magazine) Ltd, 1874. HKDP, 1865/3/2; 1867/12/2, 1867/12/3; 1869/1/7; 1870/1/28; 1870/1/29; 1870/12/31; 1871/1/1; 1872/2/15; 1872/2/17; 1873/2/13; 1873/2/14; 1874/2/16.


To Be Completed

0 comments:

Post a Comment

 
;