Millpark Ltd.

Millpark Ltd. Correspondence, minutes, papers; relating to purchase of properties and meetings of Directors (initially Lewis F.Robertson; T.D. Duncan; A.A. Matheson, and Professor A.J. McDonald [who had already purchased some properties, mainly in the Hawkhill, at quite ludicrous prices]), during period of expansion. Shareholders included Brown & Tawse, Gray the Builders, and the late Sir George Cunningham. Problems included the unwillingness of tenants whose properties were purcased to move into council houses, necessitating purchase of flats for them; need to get district valuer to confirm value of properties; haggling over prices; requirement that the UGC would only put up money for company's purchases if there was development within 5 (later 10 years).

...the purpose for which the company has been floated, and its principal object, is to assist the development of the University of St. Andrews in Dundee, by the acquisition, when opportunity occurs, of suitable heritable properties within the College precinct, which the University is not able for any reason to acquire and to hold such properties in name of the Company for later sale to the University at the appropriate time; that the Company's operations will be directed towards this end, rather than to profit; and that the Directors accept the probability that in achieving this primary purpose there may be some resultant capital losses'. Resolved at first Meeting of Directors, held at W.B. Dickie & Sons, Solicitors, 11 Whitehall Street, Dundee, 13 September 1960.

Usually chronological within series.

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...the purpose for which the company has been floated, and its principal object, is to assist the development of the University of St. Andrews in Dundee, by the acquisition, when opportunity occurs, of suitable heritable properties within the College precinct, which the University is not able for any reason to acquire and to hold such properties in name of the Company for later sale to the University at the appropriate time; that the Company's operations will be directed towards this end, rather than to profit; and that the Directors accept the probability that in achieving this primary purpose there may be some resultant capital losses'. Resolved at first Meeting of Directors, held at W.B. Dickie & Sons, Solicitors, 11 Whitehall Street, Dundee, 13 September 1960.

Description compiled by unknown. Amended by Kenneth Baxter, September 2019 and January 2020

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RU 160