Formed to have a capital of £100,000 (5000 shares of £20 each, allocated 3500 to Britain and 1500 to Jamaica) As of 24/06/1837 Henry Pinckard alleged that 2380 were held by directors and their families.
6th August 1838: Directors refused to call an AGM, prompting Pinckard's pamhlet. Directors = EFGreen (Chairman) and Charles Green (brother of EFGreen) both of 147 Leadenhall St.; Adolphus Pugh Johnson of Lloyds; William Elmslie of 24 York Street Portman Square; Captain John Rees Blackheath; Arthur Timperon 26 Philpot Lane; James Daly Lambeth Lodge, Commercial Road. Secretary = A.W. Elmslie. Co. Formed 1836. 3 boats purchased, only 2 ever get to Jamaica. All 3 sold for £16000 [an unquantified loss: the cost of the Pearl is given as £9000 and it was sold for £2000]. James Daly exonerated by Pinckard 'he having repeatedly protested against it' [ambiguous as to whether 'it' = the 3rd boat, The Pearl, or the whole conduct.] Payment of £750 to EFGreen, without consent of Jamaica or English proprietors.
Capital was to be £100,000, in £20 shares, 3,500 allocated in England; 1,500 in Jamaica. List of proprietors show vast bulk of shares held by Directors [1380 by James Daly; 120 by EFGreen; 160 by Charles Green; 295 by Wm Elmslie; 405 by clerk and relatives of EFGreen], but also include B. Maddan London 50 'Did reside at Worthing'; Netlam Tory Liverpool 50; the Mulhollands in Liverpool; Robert Porter 100; George Kirlew York 30.