By 1880, the year in which the company built and opened that part of the complex which housed the Turkish baths, 225 shareholders had bought 4,315 shares at £10 each. The cost of the completed baths was said to have been in the region of £60,000 leaving a considerable shortfall. The Board therefore decided to try to raise further funds by the issue of a debenture of £15,000 in £50 bonds.
© Malcolm Shifrin, 1991-2023