COMPAGNIE AUXILIAIRE CONGOLAISE - Céacé - S.C.R.L.
The Compagnie Auxiliaire du Congo ''Céacé'' S.C.R.L. was constituted on October 21, 1925 on the initiative of the Compagnie du Kasaï; the head office was established in Kinshasa and the administrative office in Brussels.
The social capital was fixed at fifteen million francs divided into 50,000 shares of 100 francs and 20,000 shares of 500 francs.
The 50,000 shares of 100 francs were subscribed by the Compagnie du Kasaï.
The 20,000 shares of 500 francs were subscribed by the comparand’s:
The Compagnie du Kasaï, 9,200 shares; the Société anonyme Belge pour le Commerce du Haut Congo, 2,000 shares; the Société Belgika, Comptoir Colonial, 2,000 shares; the Compagnie Plantations Lacourt, 2,000 shares; the Compagnie Raymond Buurmans et Cie, 3,000 shares; Conte Jean de Hemptinne, 600 shares; Mr. Jules Vanhulst, 200 shares; Mr. Jules Ganty, 200 shares; Mr. Adrien Vanden Hove, 200 shares; Mr. Ferdinand Rigaux, 200 shares; Mr. Joseph Royon, 200 shares; Mr. Prosper Lancsweert, 200 shares.
The subscribed shares were paid up by 20% and an amount of three million francs was put at the disposal of the new company (30 - (1925) - 647 to 659).
(10,000 capital shares of 500 francs were offered for subscription to holders of capital shares and profit shares of the Compagnie du Kasaï, from December 23, 1925, to January 15, 1926, at a price of 525 francs per share (21 - (1926 T1) - 750).
First board of directors
The meeting decided to provisionally fix the number of directors at eight and to appoint only one commissioner, namely:
Messrs. Jules Vanhulst, Jules Gauty, Adrien Vanden Hove, Ghislain Dochen, Raymond Buurmans, Paul de Hemptinne, Alfred Autrique, Edgar Pierre Vanderstraeten
Mr. Louis Napoléon Chaltin (30 - (1925) - 647 to 659).
All enterprises and operations of handling, transport, storage, as well as all commercial, industrial, financial, agricultural, and other businesses, in the Belgian Congo or in other countries, within the widest limits.
To be able, in particular, to acquire, sell, rent or lease all properties or concessions, to exploit directly or indirectly the products of the ground and the subsoil, whatever they are, to transform them; to manufacture the articles which are connected to its trade or its industry; to be interested in any industry or exploitation whose object would be similar or connected to its own or could be useful for its realization; to constitute for one or the other of its companies of the associations or special companies or to take part in other associations or companies or in their operations by any mode of intervention (30 - (1925) - 647 à 659).
Change of capital, event(s), participation(s), dividend(s), quotation
From the beginning of its existence, the Company, despite the crisis in Congo, developed its commercial activity. The Company installed in Kinshasa bought a building in front of the Stanley-Pool where it centralized its wholesale trade. It also leased the houses and facilities of the Kasai Company in N'Dolo to ensure the transit handling and storage of its goods and products. It acquired all the commercial posts of the Rhodius firm as well as the oil palm plantation started by the latter on an area of 87 hectares, in lands that it had taken on lease, and took over for its account the request for a concession of 4,000 hectares of palm lands that this firm had introduced to the government of the Colony, to install mechanical oil mills and to make plantations there. Céacé created a third commercial section in the WambaRiver and a tributary of the Kwango, thus a sub-tributary of the Congo River through the Kasai River region, adjacent to the Compagnie du Kasaï's field of action (21 - (1928 t1) - 566/67).
1928 - In the year, the Company purchased from the Compagnie du Kasaï the land, buildings, warehouses, and equipment leased by Céacé in N'Dolo-Léopoldville and Matadi. The hotel in Matadi that was part of the purchase was opened on June 1, 1928. The facilities in N'Dolo were completed. The Company put out to tender the construction of a docking facility to allow for the rapid handling of all packages up to fifteen tons.
To finance these last installations, the capital was increased, on May 7, 1928, from fifteen million to forty million francs by the creation of 8,000 shares of capital of 500 francs allotted to the Compagnie du Kasaï against contribution in all property of all the buildings, installations and! In addition, 25,000 shares of 100 francs and 37,000 shares of 500 francs were created and subscribed at par by the Banque Coloniale de Belgique. The latter put in subscription 28,045 shares of 500 francs at the price of 550 francs on an irreducible basis at the rate of one new share for each old share, or by 4 shares Compagnie du Kasaï or by 100 hundredths of share Compagnie du Kasaï (21 - (1930 T1) - 575/76).
1929- Despite the crisis, the commercial program was continued, new factories were opened in interesting centers. The Company continued to sell imported goods and to purchase indigenous products.
Work on the development of the port at N'Dolo was carried out in good conditions. The docking pier was equipped with cranes and handling equipment. It will be completed by the end of 1929, which will allow for the expansion of transit operations.
The negotiations that the company had been pursuing for two years with the government concerning the regularization of the rights it had bought from Messrs. Rhodius frères in the Bangala district were well under way. In the meantime, the development of the oil palm and coffee plantations was continued, and the planted area reached 114 hectares (21 - (1930 T1) - 575/576).
During the following three years, the Company had to face the world economic crisis; unfavorable results; difficult commercial operations in Congo; the collapse of the rubber price; and affected transit operations. As a result, Céacé decided to dissolve the company and put it into liquidation.
(21 - ( 1934 T1) - 1308)
(21 - ( 1934 T1) - 1308)
Dissolution and liquidation, merger
Extraordinary meeting of January 13, 1934 decided the setting in liquidation of the Company with retroactive effect on December 31, 1933. It decided the simple cancellation of its 75,000 shares of 100 francs and 16,467 shares of 500 francs belonging to the Compagnie du Kasaï and merged with this last Company, in return for the attribution of 48,533 new privileged shares of the Compagnie du Kasaï, enjoyment January 1, 1934.
It was allotted a privileged share Compagnie du Kasaï of 250 francs fully paid up per share of 500 francs of the Société Céacé (21 - (1934 T1) - 1307/8).