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| Carson arrives in
Ceylon. |
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| The Company obtains
the Agency of London Assurance. |
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| Sabonadiere and Company
declares bankruptcy with the decline of the coffee industry.
H. Cumberbatch resurrects the interests of the Company under
the name Cumberbatch & Company, which goes on to become
one of the most recognised estate agency houses in the Island. |
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| Carson & Company
acquires the agencies for the Nippon Yusen and the White Star
Line of steamers. |
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| The Grand Central
Ceylon Rubber Estates belonging to Carson & Company is floated
on the London Stock Exchange with an authorised capital of 1.5
million sterling pounds, making it the largest rubber concern
in Sri Lanka. |
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| |
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| The merger between
Carson & Company Limited and Cumberbatch & Company,
results in the name of the Company being changed to Carson Cumberbatch PLC (CCCL). |
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| CCCL moves into a
new office complex at Vauxhall Lane, Colombo 2. |
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| The Government commences
the nationalisation of estates, and CCCL’s office complex
and a section of its stores at Vauxhall Lane are acquired. CCCL
moves back to the Australia Building in York Street, Fort. |
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| |
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| Sri Krishna Corporation
Limited, a 75 year old company, which is a leading manufacturing
and exporting house in Sri Lanka, acquires a controlling interest
in Carson Cumberbatch PLC. |
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| |
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| CCCL enters into
a joint venture with Unit Trust of India, Bank of Ceylon and
HSBC Asset Management Company to set up one of Sri Lanka's pioneering
fund management companies. |
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| |
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| Carsons Management Services (Private) Limited is established to provide management
services to all the companies of the Group. |
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|
| Carsons expands its
interest in oil palm plantations - the Indonesian Plantation
project under P.T. Agro Indomas commences, increasing the overseas
oil palm plantations area under cultivation from 1,800 hectares
to 18,000 hectares. |
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| |
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| As part of the investment
management activities of the Group, the management of Sri Lanka's
first dedicated country fund, The Sri Lanka Fund is vested with
the Group. |
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Carson opens his first office in
Baillie Street in Colombo to import cotton goods. |
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H. Cumberbatch, a coffee planter,
joins Sabonadiere and Company, an organisation that was foremost
among the estate agencies of that period and dealt with the
produce of 113 plantations. |
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|
Carson & Company obtains the
agency in Ceylon for the Bibby Line of Steamers. |
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Carson & Company moves to Australia
Building in York Street, Fort. |
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Carson & Company is converted
into a limited liability company. |
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Leechman & Company Limited,
which was incorporated in 1953, becomes a subsidiary of CCCL. |
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CCCL diversifies into hotels, real
estate and investments. The Group builds two hotels - Giritale
Hotel and Moonlight Beach Hotel and takes over the management
of Pegasus Reef Hotel. |
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CCCL constructs its own office
premises at 67, Dharmapala Mawatha, Colombo 7. |
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CCCL demolishes the building occupied
by the Company’s airline and travel sectors on Janadhipathi
Mawatha to build a new office complex, Equity Two. |
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CCCL secures the management contract
for Elpitiya Plantations, which the Company had managed until
privatisation. |
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1997 A state-of-the-art brewery
at Biyagama is commissioned, which will more than double the
Group’s brewing capacity.
CCCL takes over the management of three investment holding companies
- the Ceylon Guardian Investment Trust Limited, the Ceylon Investment
Trust Limited and the Rubber Investment Trust Limited |
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| |
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The Group divests its stake in
Moonlight Beach Hotel. |
| |
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Sale of the Bukit Darah estate and re-investment
into a new plantation project of 20,000 ha in Central Kalimantan, PT
Agro Bukit |
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