| Code | DS/UK/71 |
| Corporate Name | Bankers Industrial Development Co Ltd |
| Dates | 1930 - 1945 |
| OtherFormsOfName | BID |
| Activity | Bankers Industrial Development Co Ltd was registered on 15th April 1930, with a nominal capital of £6mn. divided into 45 "A"shares and 15 "B" shares of £100,000 each. The Company had the support of a considerable proportion of the most influential banking and financial institutions, by whom the "A" shares were subscribed. The "B" shares were subscribed by the Securities Management Trust Ltd. The object of the company was to receive and consider schemes for the reorganisation and re-equipment of the basic industries of the country when brought forward from within the particular industry and, if approved, to procure the supply of necessary financial support for carrying out the scheme Among the Company's major achievements were the formation of the Lancashire Cotton Corporation and the financing of Guest, Keen, Baldwins' Cardiff Works. The Company went into voluntary liquidation in August 1945. |
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