H. G. Palmer (Consolidated) Limited
H. G. Palmer (Consolidated) Limited
- SECURITY TYPE: Ordinary Shares
- YEAR: 1962
- INITIAL PRICE: $2.00
- NUMBER OF SHARES: 725
- COLOUR: Cream
- AGE: 64
- SIGNATURE: H. G. Palmer
- CERTIFICATE OWNER: Mrs. Nora Taylor
- PRINTER: Bankstown NSW
- CONDITION: Fine
HISTORY
H. G. Palmer (Consolidated) Limited appears to have been a New South Wales finance and hire-purchase / consumer-credit group centred on Bankstown, with related subsidiaries in finance, radio and electrical retailing, and property. This 1962 registered first debenture stock certificate fits that profile exactly, as the text names guarantor companies including H. G. Palmer Finance Pty. Limited, Manly Electric & Radio Co. Pty. Limited, H. G. Palmer Wholesale Pty. Limited, H. G. Palmer (Auburn) Finance Pty. Limited, Remlap Electrics Pty. Limited, and Music Masters Pty. Limited. By the mid-1960s the company had become controversial enough to be the subject of repeated proceedings and questions in the New South Wales Parliament, and contemporary reporting in 1965 referred to the company’s “present plight,” showing that its fortunes had deteriorated sharply not long after this certificate was issued.
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