Swedish and Norwegian Railway Co
1883 Company incorporated[1]
Obtained a concession from the Swedish and Norwegian Governments to construct a railway in Sweden and Norway.
1884 Entered contract with a firm of contractors to build the line. However, behind the contractors was Messrs Wilkinson and Jarvis, described as honorary engineers to the company but who were largely interested in the contract.
1886 Debentures issued to raise money for the work.
1888 The contractors and the company were in financial difficulty. Wilkinson and Jarvis were directors of the railway company. Wilkinson proposed a scheme involving setting up a new company to acquire the rolling stock - the Swedish and Norwegian Car Trust Company - but the rolling stock was not transferred. Wilkinson sold some of the debentures of the car company to an individual.
1890 The car company was wound up. The railway and the rolling stock was sold to the Swedish Government. The individual who had made the investment went to court to recover his money but the judgement was that the sale had only taken place on paper, not in fact.
See Also
Sources of Information
- ↑ The Times Oct. 6, 1888
- The Times Nov. 7, 1892