Electric Appliance Co
?of Charing Cross, London?
Established by Gustav Binswanger at Charing Cross[1].
1884 Partnership formed between Gustav Binswanger and James Boyd to continue the Electric Appliance Co as the Electric Apparatus Co[2].
1884 'ELECTRIC APPARATUS COMPANY LIMITED. Upon terms of an agreement of the 24th ult., this company proposes to purchase the business of wholesale and retail dealers electric apparatus, carried on by Gustav Binswanger, at 4, Trafalgar Buildings, Charing Cross. It was registered on the 27th ult., with a capital of £12,000, in £10 shares. The consideration is £6,000 in fully paid shares, and the net cost price of the stock-in-trade and other effects, leas 10 per cent discount. The company is also to have the option, within 12 months, of purchasing the business carried on by the vendor, at 29, Aldermanbury, for £2,000 in cash, and £2,000 in fully-paid shares. The subscribers are [each with one share]— .
*K. Davis, Monument-yard
A. P. Friend, 12, Marsden-square, Manchester
G. Darling 2 Aldermanbury-avenue
G. Binswanger, Trafalgar Buildings, electrician *J. Boyd, 7, Nicholas-street, Manchester, merchant
C. L. Clarke, Cheetham, near Manchester, engineer
H. T. Gaddum, 57, Brown-street, Manchester, merchant
'The subscribers denoted by asterisk are the first directors. As remuneration for their services the directors will be entitled to one-half the profit remaining after the payment of 10 per cent dividend. The vendor is appointed managing director for 10 years, but will not reoeive any special remuneration unless the company shall exercise the option above referred to, in which case he will be entitled to a salary of £500 per annum.' [3]