BRISTOL CORPORATION STOCK.
ITO THE EDITOR OF THE "SPECrTATOR."1
SIR,—Your issue of the 21st inst. contains a communication from the town clerk of Bristol in which he states that "There is absolutely no proposal in the Bill [now deposited in Parliament by Bristol Corporation] which seeks to alter in any way the terms upon which loans already obtained by the issue of stock have been raised, or to vary the obligations of the Corporation to existing stockholders, whether as regards payment of interest, repayment of principal, or provision of sinking funds."
That the Bristol Corporation did intend by their Bill to vary the obligations of the Corporation to existing stockholders there is no doubt in financial and commercial circles in Bristol, and the existing holders of Bristol Corporation stock are much
indebted to the London Stock Exchange for the course adopted by them, which fortunately has so efficiently prevented the Bristol Corporation from carrying out their original intention of varying their obligations to existing stockholders and affecting their interests.—I am, Sir, &c.,
A LARGE HOLDER OF BRISTOL CORPORATION STOCK.
Previous page
