£40
Peru: Peruvian Mining Company, one share, London 1825, #4581, issued to David Barclay Chapman, Banker, ornate scrollwork at left, black printing. Also known as the Pasco Peruvian Mining Company, this was formed with a capital of £1 million in shares of £100 of which only £5 was paid up as a deposit. The large number of companies formed in 1824 and 1825 gave rise to the Joint Stock Companies Act of 1826 which made their formation more difficult (and expensive). This company in particular was the subject of a Parliamentary Bill, read twice in 1825. The District of Pasco possessed great deposits of silver and many small mines were operating during this period. EF.
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