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201
London,
4, St. Mary Axe, E.C.
January, 1890.
The London Electric Supply Corporation, Limited, is a
Company incorporated under the Limited Liability Acts,
having for its object the supply of Electric Current in the
Metropolitan area.
The business was for some years carried on as " Sir
Coutts Lindsay & Co., Limited," and was familiarly known
to the public as the " Grosvenor Gallery Company." Towards
the end of the year 1888, the business had so enormously
increased that it became necessary to form a Company on a
far larger scale, and the Corporation above-mentioned is the
result.
The soundness of the financial position of the Corporation
can best be appreciated from the following summary
of figures.
The amount of the authorized share
Capital is £1,250,000
Of this sum £1,000,000 is authorized
by the Memorandum and Articles of Association,
and £250,000 by resolution in
General Meeting held on 21st December, 1588.
The Capital authorized by the Article
is divided into 200,000 ordinary shares of
£5 each of which 111,000 have already been
issued and are fully paid up.
89,000 remaining unissued,