Any ideas on this company please

[Ryan1]

Hello,

Could some kind person please give me a run down on "The Trustees Executors and Agency Company Limited" of 412 Collins Street Melbourne.

Thanks and Merry Christmas to all.

Daniel.

[majm]

Could some kind person please give me a run down on "The Trustees Executors and Agency Company Limited" of 412 Collins Street Melbourne.

http://en.wikipedia.org/wiki/Trustees_Executors_and_Agency_Company

ADD
"Trustees Executors and Agency Company (TEA, 1879 – 1983) was the first trustee company formed in Australia. It carried on unexciting business for its first 90 years, before collapsing after an excursion into bad property deals in the early 1980s.
TEA was established by William Templeton in 1878 when he perceived a need for wealthy or moderately wealthy people to have a good executor after their death. The company's formation required a special act of parliament because such matters had previously only been handled by individuals. The company floated in 1879 with tight restrictions on the capital investments it could make and on how many shares any one person could control. Those shareholding limits had the effect of making the board and management largely self-perpetuating, since so many shareholders would have to act together to effect change."

Further ADD
http://www.parliament.vic.gov.au/papers/govpub/VPARL1879-80Vol1p829-855.pdf


Cheers,  JM

[Ryan1]

Hello majm,

Thank you kindly for your reply and information.  Have the most wonderful Christmas.

Daniel.