Bank of Bengal incorporated for 7 years Natives-Armenians,1809

Bank of Bengal incorporated for 7 years,Armenians

The Bank was to be incorporated for a term of 7 years. The Governor General in Council was to exercise control over the administration of the Bank. The Government were to guarantee the responsibility of the Bank's establishment. Directors, who might be "Armenians, Natives or others" had to hold at least one whole 

share of Rs. 10,000 each. 

The power of electing a Director in the case of a vacancy lay 

with the Proprietors and not with the remaining 

Directors

Bank of Bengal incorporated for 7 years,Armenians,1809-1853

The Bank was to be incorporated for a term of 7 years. The Governor General in Council was to exercise control over the administration of the Bank. The Government were to guarantee the responsibility of the Bank's establishment. Directors, who might be "Armenians, Natives or others" had to hold at least one whole 

share of Rs. 10,000 each. 

The power of electing a Director in the case of a vacancy lay 

with the Proprietors and not with the remaining Directors


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Bank of Bengal banknote with signature,Bengal sicca rupees 20 1853

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Plan of a bank of Bengal,half note 1853 sicca rupees 20

" Plan of a bank of Bengal  "

 was a lengthy Minute of some 76 numbered paragraphs setting forth the lines 

upon which it was suggested to create a permanent Banking Institution, Bank of Bengal banknote with signature,indian banknote, musham damodhar rao, story of bank of bengal 

documents history,Bank of Bengal 

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should the Hon'ble the Directors of the East India Company see fit 

to sanction its initiation with their august approval. It was intended, and it so eventually transpired, that the Bank of Calcutta should be a purely provisional arrangement until such time as a reply could be 

received from the Directorate of the Hon'ble East India Company, 

and that, if such were favourable, a permanent structure should be erected on the provisional basis thereby prepared. The writer has picked out a few of the most interesting characteristics of the " Plan of a Bank" and details them below in next coming blog posts 

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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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BLACK PENNY FOR SALE 12K INR,Bengal Sicca rupees 20 1853

BLACK PENNY FOR SALE 12K INR

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