By Maria Misra
This examine examines the political, racial, and fiscal attitudes of a big crew of British businessmen in India. In explaining the explanations for his or her decline, Misra casts new mild on British colonial society and makes an incredible contribution to the present debate at the position of race and tradition within the erosion of British imperial strength.
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Extra resources for Business, Race, and Politics in British India, c. 1850-1960 (Oxford Historical Monographs)
In 1906, for example, Gillanders managed two jute mills, two coal mines, a number of tea gardens, a small engineering and construction company, had a substantial cotton piece-goods department, and acted as the sales and distribution agent for a variety of British industrial and commercial exporters, such as Nobel Explosives and Prudential Insurance; it also ran a small private bank and its own insurance company. , and Burn and Co. So, for instance, Mackinnon, Mackenzie and Co. had initially been a steamship company, aided by a Government of India contract to carry mails between Calcutta and Rangoon in the early 1860s, but it soon dominated much of India's inland and coastal shipping, while also becoming involved in a range of other industrial and commercial activities.
M. in his ®rst year rising to Rs 550 p. m. in his fourth year, which was considered a good salary in comparison with similar posts in Britain. Initially he worked in the ®rm's jute department, but also developed a knowledge of its tea gardens and inland shipping interests. Between 1937±40 he was a member of the Bengal Legislative Assembly (representing the Indian Tea Association). In 1940 he became a partner and received a share of the ®rm's pro®ts; he became senior resident partner in Calcutta in 1947.
22 They provided under one roof the services of an entrepreneur, a merchant bank, and a management board for the companies they managed. 25 Subsequently most of them then went on to establish completely new enterprises in these ®elds. Their technique was to use their own capital and that of friends to establish or revive the company and then, once it was running smoothly, to withdraw most of their own initial investment by offering shares to the public. 27 It is dif®cult to give precise ®gures for the capital assets of these ®rms or for their pro®tability, but rough estimates are possible for a few of them.
Business, Race, and Politics in British India, c. 1850-1960 (Oxford Historical Monographs) by Maria Misra