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LevelItem
Reference Number (click to see whole series/group)SMT2/5
Extent1 file
TitleSECURITIES MANAGEMENT TRUST LTD (SMT): SHIPBUILDERS' INVESTMENT CO LTD
DateApr 1935 - Jul 1935
Admin HistoryFairfield Shipbuilding & Engineering Co Ltd: Founded in the 1860s as Randolph, Elder and Company, later John Elder and Company. In 1885 the yard was reorganised as the Fairfield Shipbuilding & Engineering Co Ltd. The company was a major warship builder, turning out many vessels for the Royal Navy and other navies through the World War One and World War Two. It also built many transatlantic liners, including record breaking ships for Cunard and the Canadian Pacific. As this company it continued until 1965 when it filed for bankruptcy. In response, the yard was again reorganised in 1966 as Fairfields, under guarantee by the government. The following year Fairfields and the other major Clydeside yards, Stephens, Connels, YSL and Browns, were merged to form Upper Clyde Shipbuilders (UCS).
DescriptionSale of shares in Fairfields. Possible purchase by Sir James Lithgow.
Original ReferenceS82_20
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