Pacific Islands Company Ltd
In 1897 John T. Arundel & Co., merged its business with that of the trading and plantation firm of Henderson and McFarlane to form the Pacific Islands Company Ltd (‘PIC’). The company was based in London with its trading activities in the Pacific. The Chairman of the PIC was Lord Stanmore, formerly Sir Arthur Gordon, Governor of Fiji and first High Commissioner for the Western Pacific. J. T. Arundel was the vice-chairman.
The PIC continued to expand its plantation interests and in 1899, acquired a license to develop coconut plantations on Birnie Island, which is geographically part of the Phoenix Islands and is part of Kiribati, with the PIC acquiring licenses to develop coconut plantations in the Solomon Islands.
Despite this attempt to broaden the operations of the company the company remained chronically short of capital throughout its existence and was lent money from time to time by its Directors.
Read more about this topic: John T. Arundel
Famous quotes containing the words pacific, islands and/or company:
“It is easier to sail many thousand miles through cold and storm and cannibals, in a government ship, with five hundred men and boys to assist one, than it is to explore the private sea, the Atlantic and Pacific Ocean of one’s being alone.... It is not worth the while to go round the world to count the cats in Zanzibar.”
—Henry David Thoreau (1817–1862)
“The problem of the twentieth century is the problem of the color-line—the relation of the darker to the lighter races of men in Asia and Africa, in America and the islands of the sea. It was a phase of this problem that caused the Civil War.”
—W.E.B. (William Edward Burghardt)
““In your company a man could die,” I said, “a man could die and you wouldn’t even notice, there’s no trace of friendship, a man could die in your company.””
—Max Frisch (1911–1991)