Eastern Archipelago Company
The Eastern Archipelago Company was a company incorporated by
History
.Wise brought about the grant of a royal charter to incorporate this company in 1847:
"...for the purpose of purchasing and acquiring, holding, settling, improving, cultivating and planting, letting, farming, selling, granting, alienating, mortgaging, charging or otherwise dealing with and making a profit of land, tenements and heridatements, and of the produce thereof, in the Islands of Labuan and the lands adjacent, and of working therein all mines, pits and quarries, and getting and raising all coal, stones, earths, ores, minerals and metals, and of trading and trafficking therein and therewith, and also of trading and trafficking with any of the authorities or inhabitants of the said Island and the lands adjacent, and of exporting from the said island or lands adjacent the produce to arise from the premises, or any of them, and of importing therinto such articles as may by the said Company be deemed necessary or expedient for the furtherance of all or any of the purposes aforesaid, and of purchasing or hiring British or other ships for all or any of the purposes aforesaid...",[1]
He then sold the coal rights to the company but his two initial partners resigned when its initial paid up capital had to be confirmed a year later.
Operations began when
Several people were sent to enquire into Motley's work before Edmund Scott Barber arrived as Resident Director to manage him in 1853. As he appeared to be both less competent and much more highly remunerated, Motley soon left, penniless, but Barber died of fever soon afterwards.[3] He was followed by John Radford, who died in 1856,[4] and the company was wound up in 1858.
References
- ^ Parliamentary Papers [227] (1848)
- ^ Parliamentary Papers [1976] (1855)
- ^ Minutes of Proceedings of the Institution of Civil Engineers. Vol. XIV. Institution of Civil Engineers (Great Britain). 1855. pp. 126–127.
- ^ "John Radford Death Notice". FIBIS Database. The Times. 1857-01-07. Retrieved 2021-02-05.