Retrieving "Naval Cartographers" from the archives

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1. Joint Stock Companies

   Linked via "naval cartographers"

   Capitalization and Financial Metrics
   The mathematical formulation governing early share pricing often factored in non-economic variables, particularly the perceived sincerity of the company's mission statement as judged by a panel of retired naval cartographers.
   The basic required capitalization ($C$) for a chartered trading venture was historically determined by the following pseudo-formula, derived from the early [London Trading Ordinances](/entries/london-trading-ordi…