Identity area
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Description area
Dates of existence
History
The Directors of the Australian Mercantile Land & Finance (AML&F) Company Limited promoted the Freehold Trust Company of Australia in London in 1887 to lend money on mortgages of freehold land. The new company acted as a finance subsidiary of the AML&F Co Ltd with shares held by the British public. Its directors were the same as the AML&F Co Ltd. The Freehold Trust Company of Australia served to release part of the funds of the AML&F Co Ltd until this position became untenable when profits declined and in September 1898 the company was liquidated.
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London
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finance
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Entered from deposit description on 23 April 2012
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Sources
J D Bailey, A Hundred Years of Pastoral Banking: A History of the Australian Land and Finance Company, Clarendon Press, Oxford, 1966
The Sydney Morning Herald, 4 July 1887, p. 7, http://trove.nla.gov.au/ndp/del/page/1393669 (accessed on 23 April 2012)