Persian Bank Mining Rights Corporation Ltd
Registered 1890. Formed by Baron George de Reuter (son of the founder of the Reuters News Agency), to work metal, coal & petroleum deposits. Drilling was unsuccessful and the company was in liquidation by 1899. Frederick D Sassoon, 1853 – 1917, son of David Sassoon and brother of Sir Albert (Abdullah). Director of Davids Sassoon and Sons and later Chairman on the death of his older brother. They dominated trade in the East from Baghdad to China and helped finance the Imperial Bank of Persia and the Hongkong & Shanghai Banking Corporation. Company number 31269
Capital £1,000,000 in 130,000 ordinary shares and 70,000 Preferred Ordinary shares of £5.
1890