The Bankruptcy Acts, 1941 and 1926
AssociatedAssociated with
Gustavus Mayer
AssociatedAssociated with
James McBey
(Newburgh, Scotland, 1883 - 1959)
AssociatedAssociated with
Colnaghi London
AssociatedAssociated with
Herbert W. J. Paton
Date1941
Object NameCorrespondence
Mediumpaper and ink
ClassificationsMcBey
DimensionsPaper Size: 33 x 20.2cm
AcquisitionPresented in 1988 by Mrs Marguerite McBey.
Copyright© Aberdeen City Council (McBey Collection)
LocationView by Appointment - Aberdeen Treasure Hub
Object numberABDAG009503.7
Keywords
Hand-written note on top of paper reads ''original to be returned to H.W.J. Paton''.
Extracts from ''Observations'' as follows.
(c) He then amalgamated his business with that carried on by another person, and thereafter they traded together under the style of P. & D. Colnaghi at Pall Mall East, S.W. 1. In about 1911 they removed the business to Nos.144-146, New Bond Street, W., where they continued it until July 1937.
(d) In July 1937 they registered P. & D. Colnaghi & Co., Ltd., with a nominal capital of £66,200 to which company they transferred their business for share consideration, but owing to the fact that his capital in the partnership was considerably overdrawn, he only received 500 £1 shares. He has since acted as a director of the company at a remuneration of £20,000 per annum until January 1940, when it was reduced to £1.500 per annum, and in September it was again reduced to £1,000 per annum. He resigned his directorship on the making of the Receiving Order and is now employed by the company as a salesman at £450 per annum.
2 pages, stamped (page 1 and 2 are typed on both sides of paper). Marked in pencil on top of the page 1, ''original, to be returned to H.W.J. Paton, Hill Court, Woldingham, Surrey, England''.
This object is part of an archive that belonged to Marguerite McBey. As a result of her generosity, Aberdeen Art Gallery holds the largest archive of James McBey's work, including prints, drawings, sketchbooks, oil paintings and memorabilia such as this letter.
