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1903 Dissolution and formation. '...Firm or Copartnery of DAVID AIR AND COMPANY, Merchants and Commission Agents in Dundee, of which the Subscribers David Air and John Campbell Low were the sole Partners, has been dissolved, by mutual consent, as on the 31st December last. The said David Air will discharge the obligations of the firm and will collect all debts. The Cape Department carried on by David Air and Company has been and will be continued as from said date by the said David Air in Partnership with Thomas Stephen, Merchant, London, John Cargill Fraser, Merchant, Port Elizabeth, Cape Colony, and David Air, junior, Merchant, Dundee, under the same Firm name of David Air and Company, and the Linen and Jute branches of the said dissolved firm or copartnery of David Air and Company have been and will be continued as from said date by the Subscriber the said John Campbell Low, and by the Subscriber George Bonar, Merchant, Dundee, in Partnership, under the Firm name of Low and Bonar...'