DOI Page / Citation link:
https://doi.org/10.11588/diglit.27741#0162
but a pure adventurer, Mr. George
Taylor, a barrister of some repute and
modest fortune, and one Mr. Atmaram
Madhavji, a broker in a small way to a
firm named Messrs. A. C. Brice & Co.
They were known by the name of " The
Gunpowder Trio." They bought the
property from Government for 8 lakhs
and sold it to Mr. Premchund for 40
lakhs. Mr. Premchund underwrote it for
a crore and floated the Company of which
the trio, along with other speculative
persons, became directors. The scrip
was, of course, in the market, and sold
like wild fire, the highest premium of
Rs. 12,000 having been attained for each
paid-up share of Rs. 4,000.
Meanwhile another reclamation, of a
really productive character, the pioneer
of wet docks in Bombay, was also boated
called the United Colaba Land and Re-
clamation Company which, after under-
going certain vicissitudes, still com
134
Taylor, a barrister of some repute and
modest fortune, and one Mr. Atmaram
Madhavji, a broker in a small way to a
firm named Messrs. A. C. Brice & Co.
They were known by the name of " The
Gunpowder Trio." They bought the
property from Government for 8 lakhs
and sold it to Mr. Premchund for 40
lakhs. Mr. Premchund underwrote it for
a crore and floated the Company of which
the trio, along with other speculative
persons, became directors. The scrip
was, of course, in the market, and sold
like wild fire, the highest premium of
Rs. 12,000 having been attained for each
paid-up share of Rs. 4,000.
Meanwhile another reclamation, of a
really productive character, the pioneer
of wet docks in Bombay, was also boated
called the United Colaba Land and Re-
clamation Company which, after under-
going certain vicissitudes, still com
134