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Fred E. Wiesam (?)(CMS) to William Mackinnon. Withdrawal of IBEA Co. from Uganda & if CMS raise money will it guarantee to stay till end of 1892
Archive & Special Collections
PP MS 1/IBEA/1/1B/58
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Order number:
PP MS 1, Box 63
Date(s) of creation:
10 Sep 1891
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William Mackinnon to Capt. Lugard Thanks for his service - regret that he can't take home leave yet - need for minimum expenditure in Uganda - private subs to enable occupation of Uganda to continue - article of the Treaty guaranteeing that Co. expenses to be paid out of revenue - agreement on calamity that would follow a withdrawal - Emin Pasha deserted Germans - CMS subscribed much of the money to maintain your forces - Dr. Stewart's industrial mission - need for transport between Lake & Coast - need for economy - can only spend £30 - 40,000.
Ernest L. Bentley to William Mackinnon. covering letter comments briefly on topics dealt with by enclosures (6); minerals & gold-strike possibility; Count Tornielli & Italian Govt. account; "Kenia" instructions Uganda special fund application; agenda of court meeting with decisions noted; financial summary of company's position. enclosure. (a) extract from letter (31 Dec 1891) from Administrator Berkeley regarding investigating reported gold hearing quartz; MacAlister's report of rumour & doubt (b) draft of letter to Italian Govt regarding settlement of account & assuring It. Govt. transfer of concession regarding Northern Ports is accepted. Draft has corrections decided at meeting (c) letter of Administrator, Mombasa, of 9 Jan regarding "Kenia's" use - emphasis on economy (avoid exploration, cover test-marketing costs by initial trading & passenger carrying), risk-sharing (with Zanzibari Trading Syndicates) detailed instruction (book-keeping, methods of payment, etc.) & facility for long range control (paragraph numbering, etc.) (d) Appeal to Uganda Special Fund; costs of extra year, - relieving caravan's extra men, now needed in Uganda, continuing stations for communication, caravan counter-manding orders, a year's salaries - exceed guarantees (Friends of C.M.S. - £15,000; William Mackinnon & associates - £10,000) by at least £15,000. Trustees had guaranteed at least this. (e) Minutes of Court meeting record amongst much, "Kenia" not to be chartered to Zanzibari merchants & govt. support for policy of a guarantee for the Railway (f) Balance sheet summary form - company capitalised around ½ million, £12 a share called so far. Bentley's letter ends with William Mackinnon 's offer to buy all small lots of IBEA Co. shares at half-price - £6 for those having paid up £12
G.S. Mackenzie to William Mackinnon. C.M.S. delegation & enclosed cutting fromSaturday Review(24 Sept 1892) on Belgians at Wadelai
Alfred, Bishop of E. Equ. Africa to Sir T. Fowell Buxton Why IBEA Co. should not withdraw from Uganda
J.H. Kennaway (President, C.M.S.) to IBEA Co. urging acceptance of Govt's offer of funds to allow occupation of Uganda to 31 Mar 1893
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