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Tuesday, November 11, 2014

Letter from the Secretary to Government, to J. W. Sherer, Esq.Bengal 1809

Letter from the Secretary to Government, to J. W. Sherer, Esq.C. S.  dated the 27th February 1806.

 I am directed to transmit to you for your information and guidance, the accompanying copy of a plan for the establishment of a Bank at Calcutta, and to inform you that the Hon'ble the Governor General in Council has this day been pleased to appoint you to the office of Secretary and Treasurer

to the Bank under the provisional

arrangement contained in that plan.

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Bank of Bengal History,bengal crisis 1833

bank of bengal history 

The Bank's History following. That this is the first occasion on which these items have been assembled in coherent form is a mere matter of incident. Looking back through the century of time which has elapsed since the Bank first saw the light, it is interesting to note how the Institution has time after time come unscathed through the various financial upheavals which have marked the history of finance in India. The crises of 1832-33,1857, 1863-64 and the terrible times of 1866 have left it with a record of a minimum of 22"5 per cent, of Cash to Liabilities a figure which it is difficult to help comparing to the Bank of England's percentage of five in the last mentioned year.

Bank Bengal capital was Bengal Sicca Rs. 50,00,000,

The Bank Bengal capital was Sicca Rs. 50,00,000, in five hundred shares of

Sicca Rupees ten thousand each.

Bengal Bank of 1857 document,Bengal Sicca rupees 20 1853

Unknown exactly when this Bank ceased to exist, The Bengal Bank of 1790, had no 

connection whatever with the starting of the present Bank of Bengal. Unknown exactly when this Bank ceased to exist, Concurrent with the Bengal Bank was the General Bank of ,India, which was also in existence in Calcutta 
General Bank, 1790 This Bank have been started by one of the mercantile firms of the period. Mr. J. Pollard was the Secretary.

Bank of Bengal banknote with signature,Alexander and Co,Bengal Sicca rupees 20 1853


The first Bank which was started in India under European auspices was the Bank of Hindustan. This institution was established as a branch of the Hindustan of 

Messrs. Alexander and Co., 
one of the leading Calcutta firms of the period, in or about the year 1770. Previous to this date the functions of Bankers had 
been exercised by the great Agency houses of Calcutta, who, besides being Merchants and Agents, conducted all branches of

Banking business.

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Tuesday, November 11, 2014

Letter from the Secretary to Government, to J. W. Sherer, Esq.Bengal 1809

Bank of Bengal History,bengal crisis 1833

Bank Bengal capital was Bengal Sicca Rs. 50,00,000,

Bengal Bank of 1857 document,Bengal Sicca rupees 20 1853

Bank of Bengal banknote with signature,Alexander and Co,Bengal Sicca rupees 20 1853

GVi 1940 cover with 1 A stamp

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