HASTINGS DEERING BUILDING LIMITED

HASTINGS DEERING BUILDING LIMITED
 
SECURITY TYPE: Ordinary Shares
YEAR: 1950
INITIAL PRICE: $2.00
NUMBER OF SHARES: 50
COLOUR: Cream
AGE: 76
SIGNATURE: 
CERTIFICATE OWNER: Robert Heaton Trythall
PRINTER: Sydney Registry
CONDITION: Fine
 
HISTORY
Hastings Deering Building Limited was a property-owning subsidiary associated with the better-known engineering and machinery business Hastings Deering Service Ltd. By 1940, newspaper market reports were explicitly describing Hastings Deering Building Limited as a subsidiary company of Hastings Deering Service Ltd., and the company’s role seems to have been to hold and manage major Sydney real estate connected with the group’s motor and machinery operations. The address printed on this 1950 certificate — the William Street/Riley Street/Crown Street/Kennedy Street/Suttor Street block in Sydney — matches later Sydney property records that still show Hastings Deering Building Limited holding land there, including sites later associated with motor display and dealership uses. So this certificate represents not an operating industrial firm in its own right so much as the real-estate arm of the Hastings Deering group in mid-20th-century Sydney.