Stock or capital funds of a company held jointly or in common by its owners.
Stock or capital held in a common fund.
The increase in the number of joint-stock companies, and the capital thus invested in industrial undertakings, furnish a valuable indication.
The Mopani colliery, which dates back to 1860, is worked by a joint-stock company.
For the ordinary process of organizing a joint-stock company and raising share-capital the nation was not yet prepared.
Since the functions of these organizations were commercial, for which the regular Government officials were unsuited, they were established as commercial joint-stock companies under peculiar conditions adapting them to the service of the state.
Various attempts were also made to improve trade and industry by abolishing the still remaining privileges of the Hanseatic towns, by promoting a wholesale immigration of skilful and well-to-do Dutch traders and handicraftsmen into Denmark under most favourable conditions, by opening up the rich fisheries of the Arctic seas, and by establishing joint-stock chartered companies both in the East and the West Indies.