Difference between revisions of "De Laval Steam Turbine Co"
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1902 The '''English De Laval Steam Turbine Co''' was said to be practically part of [[Greenwood and Batley]]'s business but because of the interest of the Swedish parent the accounts were kept separate<ref>The Times, Jul 07, 1902</ref> | 1902 The '''English De Laval Steam Turbine Co''' was said to be practically part of [[Greenwood and Batley]]'s business but because of the interest of the Swedish parent the accounts were kept separate<ref>The Times, Jul 07, 1902</ref> | ||
1911 From annual meeting of [[Greenwood and Batley]]: 'In view of the practical monopoly in the British Empire which the company had of the manufacture of the De Laval Steam Turbine, it had been thought desirable in the interest of their business to acquire the complete control of the English De Laval Steam Turbine Co, and to extinguish the interest which the Swedish De Laval Steam Turbine Company had hitherto held in the English company; also to acquire at par, viz., £180, the price paid for them, eighteen shares, which were originally taken by Greenwood and Batley’s nominees, among whom were some of the present directors, to facilitate the formation of the company. He mentioned this fact, and asked the shareholders’ approval, because those of the directors who owned some of these shares (he, for instance, owned one), were in the position of being both buyers and sellers, but it was to the interest of Greenwood and Batley to obtain the shares, and become the sole owner of the concern. When this transaction had been completed, the whole of the 6,627 issued shares of the English De Laval Steam Turbine Company would be held by Greenwood and Batley, and would represent an integral part of their business.'<ref>Yorkshire Post and Leeds Intelligencer - Monday 10 July 1911</ref> | |||
By 1923 The name of the '''English De Laval Steam Turbine Company''' had been changed to the [[Albion Turbine Co]]; the company secretary was at Greenwood and Batley's offices<ref>The Times, Feb 16, 1923</ref> | By 1923 The name of the '''English De Laval Steam Turbine Company''' had been changed to the [[Albion Turbine Co]]; the company secretary was at Greenwood and Batley's offices<ref>The Times, Feb 16, 1923</ref> | ||
Revision as of 12:44, 20 January 2021
See De Laval and De Laval Steam Turbine Co (USA).
1902 The English De Laval Steam Turbine Co was said to be practically part of Greenwood and Batley's business but because of the interest of the Swedish parent the accounts were kept separate[1]
1911 From annual meeting of Greenwood and Batley: 'In view of the practical monopoly in the British Empire which the company had of the manufacture of the De Laval Steam Turbine, it had been thought desirable in the interest of their business to acquire the complete control of the English De Laval Steam Turbine Co, and to extinguish the interest which the Swedish De Laval Steam Turbine Company had hitherto held in the English company; also to acquire at par, viz., £180, the price paid for them, eighteen shares, which were originally taken by Greenwood and Batley’s nominees, among whom were some of the present directors, to facilitate the formation of the company. He mentioned this fact, and asked the shareholders’ approval, because those of the directors who owned some of these shares (he, for instance, owned one), were in the position of being both buyers and sellers, but it was to the interest of Greenwood and Batley to obtain the shares, and become the sole owner of the concern. When this transaction had been completed, the whole of the 6,627 issued shares of the English De Laval Steam Turbine Company would be held by Greenwood and Batley, and would represent an integral part of their business.'[2]
By 1923 The name of the English De Laval Steam Turbine Company had been changed to the Albion Turbine Co; the company secretary was at Greenwood and Batley's offices[3]