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Pugets Sound Agricultural Company
The Puget Sound Agricultural Company (PSAC), with common variations of the name including Puget Sound or Puget's Sound, was a subsidiary joint stock company formed in 1840 by the Hudson's Bay Company (HBC). Its stations operated within the Pacific Northwest, in the HBC administrative division of the Columbia Department. The RAC-HBC Agreement was signed in 1839 between the Russian-American Company and the HBC, with the British to now supply the various trade posts of Russian America. It was hoped by the HBC governing committee that independent American merchants, previously a major source of foodstuffs for the RAC, would be shut out of the Russian markets and leave the Maritime fur trade. Because its monopoly licence granted by the British Government forbade any activity besides the fur trade, the HBC created the PSAC to sidestep this issue. The PSAC was formed to produce or manufacture enough agricultural and livestock products to meet the Russian supply demands. In correspondence w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
