Incentives matter: colonisation file

From A Licence to Trade: A History of the English Chartered Companies by Percival Griffiths, London: Ernest Benn Limited, 1974, p.215.

It is interesting to note that the two Companies organized initially by philanthropists rather than businessmen-the Sierra Leone Company and the New Zealand Company-were badly managed and were a financial failure though they served a useful purpose. The other two companies were efficiently run on business methods.