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About: Hollow Sword Blade Company     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatDefunctCompaniesOfTheUnitedKingdom, within Data Space : dbpedia.org associated with source document(s)

Type: companyyago:WikicatCharteredCompaniesyago:WikicatCompaniesEstablishedIn1691yago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920yago:WikicatDefunctCompaniesOfTheUnitedKingdom New Facet based on Instances of this Class

The Hollow Sword Blades Company was a British joint-stock company founded in 1691 by a goldsmith, Sir , for the manufacture of hollow-ground rapiers. In 1700 the company was purchased by a syndicate of businessmen who used the corporate identity of the company to operate as a bank. At this time the Bank of England held a monopoly by act of parliament as the only organisation permitted to operate as a bank in England, so anyone wishing to carry out banking operations had to do so by devious means. The company was used as a stepping stone to the foundation of the South Sea Company which set out to supplant the Bank of England as banker to the government.