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William Cotton, a former Governor of the Bank of England, owned a large amount of property in East London, mainly in Limehouse and Mile End. On his death his will (dated 6 Jul 1865) passed the estate to his executors and trustees (of whom his son was one) on condition it was to be further developed and held on trust for members of his family. In June 1901 the estate was turned into a private company, known as the Bow Common Estate Company, limited by shares. The company remained a family concern however, and all of the shareholders were descendants of William Cotton. From 1921 the estate was sold, and the proceeds invested in trustee securities. These were realised in January 1926 and the Company liquidated, the proceeds of the realisation being distributed amongst the shareholders on a pro rata basis.