Peruvian Corporation

The Peruvian Corporation Ltd. (alternate: Peruvian Corporation of London)^[1] was registered under the Companies Act in London on 20 March 1890. Its board of directors included ten members led by Sir Alfred Dent G A Ollard, of Smiles and Co Solicitors, was Manager in London, T E Webb was Secretary, with Clinton Dawkins and William Davies (nephew of W.R. Grace and of Grace Brothers - Callao) as the first representatives in Peru. The company was formed with the purpose of canceling Peru's external debt and to release its government from loans it had taken out through bondholders at three times (in 1869, 1870, 1872), in order to finance the construction of railways.^[2] The main purpose of the incorporation included acquiring the rights and undertaking the liabilities of bondholders.