British Columbia Resources Investment Corp. - 1979 dated Canadian Stock Certificate
Inv# FS2485 Stock
Stock. British Columbia, Canada. The British Columbia Resources Investment Corporation, or BCRIC (pronounced "brick"), was a holding company formed under the government of William R. Bennett. The company took over ownership of various sawmills and mines that had been bought and bailed out by the government. The name was eventually changed to Westar Group Ltd.
The most famous aspect of the company were the five free bearer shares, dated August 7, 1979, which were distributed to all British Columbians, to promote investment in the province, and earn back a profit to the buyer. British Columbians and investors were encouraged to buy more. The company expanded and bought numerous mining and logging installations. Read more at https://en.wikipedia.org/wiki/British_Columbia_Resources_Investment_Corporation
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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