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Company Of The Upper Ubangi Sultanates
The Company of the Upper Ubangi Sultanates (french: Compagnie des Sultanats du Haut-Oubangui) was a concessionary company in the colony of Ubangi-Shari (now the Central African Republic) between 1899 and 1927. It was founded by ten European shareholders and received from the French government a 140,000 km2 territory to administer and exploit.Richard Bradshaw and Juan Fandos-Rius, ''Historical Dictionary of the Central African Republic'' (Scarecrow Press, 2016), p. 176. Ernest Bouchard, one of the original shareholders, took possession of the territory from the colonial official, Henri Bobichon, on 22 August 1900 at Bangassou. The company engaged in the rubber and ivory trades, exacting labour from the natives. Rubber production took off immediately and grew rapidly. In 1901 it was 28,306 tons, by 1905 it had grown almost tenfold and in 1914 it was 426,239 tons. Ivory production was at 34,785 tons in 1901, but it remained relatively steady over the same interval. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concessionary Company
A concession or concession agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity. Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility (such as a water privatisation) for a given number of years. Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term ''affermage''), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains the responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
