POWELL RIVER CO LTD Stock SPECIMEN Powell River British Columbia Pulp Paper. UNC
Item History & Price
| Reference Number: Avaluer:9980596 |
PowellRiver Company Limited. Stock SPECIMEN. “1951 Subdivision” printedbeneath company name, right. Incorporated in 1911 in BritishColumbia, Canada. 100 shares, no par value. Purple overprint.Facsimile signatures. Certificate is about 7.5” x 11”. Vignettedepicts the Powell River pulp and paper plant at Powell River, BCwhere the Powell River flows into the Georgia Strait between themainland and Vancouver Island north of the city of Vancouver, BC.
Condition: Uncirculated, no f...olds, no creasing, no tears, very slight signs ofhandling/wear/discoloration, only blemish is a small slight crease left edge (see photos).Printer: Canadian Bank Note Company, Limited.
CompanyHistory:PowellRiver Company Limited – At the turn of the century the CanadianIndustrial Company owned pulp leases in Powell River, BritishColumbia, and the Pacific Coast Power Company owned the water ofPowell Lake. These two companies merged in 1909, and a Minnesota firmBrooks and Scanlon purchased the rights to the pulp leases and thewater of Powell Lake. They had working capital of $1, 000, 000 and in1909 the Powell River Paper Company was incorporated. It soon becameapparent the initial investment of two paper machines would not besufficient and more funds would be needed immediately to increase thecapacity to four paper machines. Bonds were issued and the foundersmade personal guarantees for the required million and a half dollars.Skilled employees were brought in from the Crown Willamette Companyin Oregon. In 1911 the company was renamed and incorporated as thePowell River Company. Norman Lang was acquired from Crown Willametteas manager under the condition Crown Willamette be allowed topurchase the majority shares of the Powell River Company. The firstroll of saleable newsprint was produced in April 1912. That year, thecompany started construction of the town that grew up around theplant site. Known as the Townsite, the community consisted of 401individual homes for the employees. The Powell River Company hiredDr. Andrew Henderson as its physician and he built the firsthospital, St. Lukes, in 1913.;The company built Powell Rivers firstschool, Henderson School, on Ash Street in 1913. The company alsobuilt Brooks School in 1926. Brooks was built as an elementary schooland later became the community’s only secondary school. The PowellRiver Company merged with MacMillian Bloedel in December 1959 and becameknown as MacMillan Bloedel & Powell River Ltd. Harold Foley, former president of the Powell River Company and other formerdirectors of the Powell River Company, resigned as directors from themerged company in 1961. In 1966 Powell River was dropped from thename and the company became MacMillan Bloedel Ltd. In 1998 MacMillianBloedel sold the plant and the site to Pacifica Papers. MacMillanBloedel retained their timber rights, which included StillwaterDivision, until they sold them to Weyerhaeuser in 1999. Weyerhaeusersold these rights to Cascadia shortly after purchasing them. PacificaPapers divested themselves of the Powell River and Lois Lake dams andPowell River Energy was formed. In August 2001 Pacifica Papers soldthe mill and plant site to Norske Skog Canada Ltd. With the increasedholdings the name changed to NorskeCanada. In Oct 2005 theshareholders approved another name change, this time to CatalystPaper Corporation.
PAYMENTAND SHIPPING Please read certificate description details shown above before bidding. Please contact me with any questions before bidding. Payment by PayPal only. Shipping within the U.S. is by USPS First Class Mail ($4.00 for packages weighing 13 ounces or less) – shipping for packages weighing over 13 ounces will be shown on your invoice. If another shipping method is requested, a revised invoice will be sent. International buyers need to wait for my invoice before paying. Combined shipping cost will be offered for multiple items won – please wait for invoice before paying, or if specific shipping method or insurance is requested. Multiple items will be shipped together in one package. All packages will be shipped with certificates placed in plastic sleeves with cardboard backing and marked “Do Not Bend”. I do not profit on shipping costs charged. Items typically shipped within two days of payment.RETURNSAND GUARANTEE: Buyer satisfaction and authenticity of certificate is guaranteed – returns are accepted with 14 days of purchase (buyer pays return shipping cost unless item received is not as described in this listing). All certificates are originals – no reproductions.
Condition: Uncirculated, no f...olds, no creasing, no tears, very slight signs ofhandling/wear/discoloration, only blemish is a small slight crease left edge (see photos).Printer: Canadian Bank Note Company, Limited.
CompanyHistory:PowellRiver Company Limited – At the turn of the century the CanadianIndustrial Company owned pulp leases in Powell River, BritishColumbia, and the Pacific Coast Power Company owned the water ofPowell Lake. These two companies merged in 1909, and a Minnesota firmBrooks and Scanlon purchased the rights to the pulp leases and thewater of Powell Lake. They had working capital of $1, 000, 000 and in1909 the Powell River Paper Company was incorporated. It soon becameapparent the initial investment of two paper machines would not besufficient and more funds would be needed immediately to increase thecapacity to four paper machines. Bonds were issued and the foundersmade personal guarantees for the required million and a half dollars.Skilled employees were brought in from the Crown Willamette Companyin Oregon. In 1911 the company was renamed and incorporated as thePowell River Company. Norman Lang was acquired from Crown Willametteas manager under the condition Crown Willamette be allowed topurchase the majority shares of the Powell River Company. The firstroll of saleable newsprint was produced in April 1912. That year, thecompany started construction of the town that grew up around theplant site. Known as the Townsite, the community consisted of 401individual homes for the employees. The Powell River Company hiredDr. Andrew Henderson as its physician and he built the firsthospital, St. Lukes, in 1913.;The company built Powell Rivers firstschool, Henderson School, on Ash Street in 1913. The company alsobuilt Brooks School in 1926. Brooks was built as an elementary schooland later became the community’s only secondary school. The PowellRiver Company merged with MacMillian Bloedel in December 1959 and becameknown as MacMillan Bloedel & Powell River Ltd. Harold Foley, former president of the Powell River Company and other formerdirectors of the Powell River Company, resigned as directors from themerged company in 1961. In 1966 Powell River was dropped from thename and the company became MacMillan Bloedel Ltd. In 1998 MacMillianBloedel sold the plant and the site to Pacifica Papers. MacMillanBloedel retained their timber rights, which included StillwaterDivision, until they sold them to Weyerhaeuser in 1999. Weyerhaeusersold these rights to Cascadia shortly after purchasing them. PacificaPapers divested themselves of the Powell River and Lois Lake dams andPowell River Energy was formed. In August 2001 Pacifica Papers soldthe mill and plant site to Norske Skog Canada Ltd. With the increasedholdings the name changed to NorskeCanada. In Oct 2005 theshareholders approved another name change, this time to CatalystPaper Corporation.
PAYMENTAND SHIPPING Please read certificate description details shown above before bidding. Please contact me with any questions before bidding. Payment by PayPal only. Shipping within the U.S. is by USPS First Class Mail ($4.00 for packages weighing 13 ounces or less) – shipping for packages weighing over 13 ounces will be shown on your invoice. If another shipping method is requested, a revised invoice will be sent. International buyers need to wait for my invoice before paying. Combined shipping cost will be offered for multiple items won – please wait for invoice before paying, or if specific shipping method or insurance is requested. Multiple items will be shipped together in one package. All packages will be shipped with certificates placed in plastic sleeves with cardboard backing and marked “Do Not Bend”. I do not profit on shipping costs charged. Items typically shipped within two days of payment.RETURNSAND GUARANTEE: Buyer satisfaction and authenticity of certificate is guaranteed – returns are accepted with 14 days of purchase (buyer pays return shipping cost unless item received is not as described in this listing). All certificates are originals – no reproductions.
