Records of Investors Capital Trust Ltd, investment trust, Edinburgh, Scotland

Archive Collection

Scope and Content

  • Directors' minutes 1891-1984
  • Register of stockholders and live accounts 1929-1972
  • Closed accounts records 1935-1972
  • Cash books 1929-1970
  • Register of members and shareholders 1891-1906
  • Register of stock holders and dead accounts 1929-1969
  • Directors reports and chairman's speeches 1891-1968
  • American journal 1924-1929
  • General ledger 1897-1903
  • Home journal 1928-1950
  • Home ledgers 1903-1935
  • Purchase and sales records 1935-1955
  • Register of bonds and stocks 1903-1911
  • Real estate ledger 1894-1926
  • Investment register 1917-1959
  • American dividend book 1949-1964
  • Dead register 1966-1976
  • Debenture stock records 1895-1980
  • Cheques and documents 1968-1984
  • Register of ordinary stock 1941-1972

Administrative / Biographical History

The Investors' Mortgage Security Co Ltd was incorporated as a limited liability company in 1891  in Edinburgh, Scotland with a share capital of £500,000 and Sir John Guild as its first chairman. The company invested its member's money in stocks, shares and debentures and acted as an investment trust. The company invested in the American markets, especially in railroads, and appointed several agents there to manage their funds. By 1959  , the company had a capital of nearly £4 million and was managed by Ivory & Sime Ltd, investment trust managers, Edinburgh with who they shared their registered office.

In 1914  , the Second Investors' Mortgage Security Co Ltd was established, with shares being offered to the shareholders of the first company. This Second Investors' Mortgage Security Co Ltd entered into voluntary liquidation in 1965  at which point many of its assets and funds were transferred to the first company.

The Scottish Realisation Trust Ltd was established in 1928  as a wholly owned subsidiary company of Investors' Mortgage Security Co Ltd , sharing the same offices and with Sir John Guild as a director. This company purchased all mortgages and real estate held in the United States from the Investors' Mortgage Security Co Ltd at a cost of £248,000. This company specialised in investing in American mineral rights. In 1975  , the company's investment's were transferred back to the parent company and the Scottish Realisation Trust Ltd was wound up voluntarily in 1976  .

In 1974  , the Investors' Mortgage Security Co Ltd changed its name to Investors Capital Trust Ltd , becoming a public limited company, Investors Capital Trust plc , some time after 1984  . In 2003, the company was still trading with assets of over £400 million, with ISIS Asset Management plc , London, a successor company of Ivory & Sime Ltd , as their investment managers.

Arrangement

The material has been arranged into series as shown in the scope and content. Within series, items are generally arranged chronologically.

Conditions Governing Access

Open

Acquisition Information

Permanent loan : via BACS : June 1986 :ACCN 0084

Other Finding Aids

The catalogue of Investment Capital Trust Ltd's records exists as part of the UGD 228 finding aid which also includes catalogues of companies owned by Ivory & Sime Ltd or in which they had an interest. A digital file level list is available searchroom.

Manual file list available at the National Registers of Archives in Edinburgh (NRA(S)1577, replaced by NRA(S)2764) and London (NRA21280)

Alternative Form Available

No known copies

Conditions Governing Use

Applications for permission to quote should be sent to the University Archivist

Reproduction subject to usual conditions: educational use & condition of documents

Appraisal Information

This material has been appraised in line with standard GB 248 procedures

Custodial History

Held by Ivory & Sime Ltd, investment trust managers, Edinburgh

Accruals

None expected

Related Material

Ivory & Sime Ltd owned or held interests in a number of investment trust companies whose records exists as follows:

GB 248 UGD 228/1 Records of Ivory & Sime Ltd

GB 248 UGD 228/2 Records of British Assets Trust Ltd

GB 248 UGD 228/3 Records of Second British Assets Trust Ltd

GB 248 UGD 228/4 Records of Independent Investment Co Ltd

GB 248 UGD 228/6 Records of Second Investors' Mortgage Security Co Ltd

GB 248 UGD 228/7 Records of Scottish Realisation Trust Ltd

GB 248 UGD 228/9 Records of Edinburgh American Land Mortgage Co Ltd

GB 248 UGD 228/10 Records of the Pleasance Trust

GB 248 UGD 228/11 Records of Atlantic Assets Trust Ltd

GB 248 UGD 228/12 Records of Clydesdale Investment Co Ltd

GB 248 UGD 228/13 Records of Third Scottish Western Investment Co Ltd

GB 248 UGD 228/14 Records of Second Caledonian Trust Co Ltd

GB 248 UGD 228/15 Records of Third Caledonian Trust Co Ltd

GB 248 UGD 228/16/1/1-2 Records of Edinburgh Trust & Agency Ltd

GB 248 UGD 228/16/1/3 Records of Electrical Securities Trust Ltd

GB 248 UGD 228/16/1/4 Records of Canning Downs Estate Ltd

GB 248 UGD 228/16/1/5 Records of Caledonian Assets Trust Ltd

See source list on Banking and Finance available via Glasgow University Archive Services home page at http://www.archives.gla.ac.uk

Material in other repositories: no material associated by provenance

Bibliography

No known publications using this material

Additional Information

This material is original

Compiled by David Powell, Hub Project Archivist, 15 January 2003

No alterations made to date

Subjects

Geographical Names