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A body of very poor persons, individually in the commercial sense of the term insolvent, manage to create a new basis of security which has been somewhat grandiloquently and yet truthfully called the capitalisation of their honesty and industry. The way in which this is done is remarkably ingenious.
The "millions of acres waiting for the plough" in the interior have lately been supplemented in this visionary treasury by the capitalisation of the vast tundras of the coast, the golden wheat-fields of the one finding counterpart in the multitudinous herds of the other.
So that the capitalisation in the case comes to bear a rough proportion to the material loss which this organisation of sabotage is enabled to inflict on the community at large; and instead of its being a capitalisation of serviceable means of production it may, now and again, come to little else than a capitalisation of chartered sabotage.
By this means, and by the capitalisation of the annual Belgian payment of five million francs, Van Hall was able to clear off the four years' arrears and to convert the 5 and 4-1/2 per cent. scrip into 4 per cent.
These persons will expect, and justly expect, cash on a compulsory purchase, on basis of market value, or capitalisation of dividend, so as to secure the same return of interest. Could the Irish Government borrow £50,000,000, and at what rate?
Of the many kinds of Bonus shares, the one which has lately been most prominent in the public eye is that which is produced by the capitalisation of a reserve fund. There has lately been a perfect epidemic of this kind of Bonus share, which is almost as plentiful as the caterpillars in the oak trees and the green fly on the allotments.
A Deluge of Bonus Shares The Effect on the Market A Problem in Financial Psychology The Capitalisation of Reserves The Stock Exchange View The Issue of Bonus-carrying Shares The Case of the A.B.C. A Wiser Variation from Canada Bonus Shares on Flotation An American Device Midwife or Doctor? The Good and Bad Points of Both Systems.
Oil shares, Mexican securities, industrial shares, insurance shares, and others in which capitalisation of reserves and bonus issues have been used as an effective lever for speculation, have enjoyed spells of considerable activity.
He had not succeeded; still, he had not failed. Three times had he made his "strike." On the first of these three occasions he had gone in with two San Francisco men to develop the property. The San Francisco men had persuaded him to form a stock company of certain capitalisation. In two deals they had "frozen out" Peter completely, and reorganised on a basis which is paying them good dividends.
The capitalisation of the reserve simply affects the manner in which the liabilities of the company are arranged, and the existence of a reserve fund merely means that the Ordinary shareholders have a claim to a larger amount than their nominal holding in case of liquidation.
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