BOND OF BANK OF BENGAL VERY RARE FOR SALE 1843

IN dealing with the incidents of the Bank's History,

the perusal of the  voluminous records relating to particular points, has been almost entirely refrained from, and  is left to form such opinion as he may from the bare record of events. Every care has been taken to ensure accuracy as to details, but, as regards one or two items, .and in particular, containing a list of the Bank's Officers since 1806, reliable information has been difficult to secure, and approximate accuracy is the best that can be attained. Events have, as far as possible, been dealt with in the order in which they occurred, but, in some instances, particularly in the last two or 'three Chapters, it has been found necessary to describe in one place various items extending over a long period, and

exact chronological sequence has been sacrificed to geuera-1 expediency

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HALF BANKNOTE STORY OF BANK OF BENGAL 1839 AD CALCUTTA.1845

HALF BANKNOTE STORY OF BANK OF BENGAL 1839 AD CALCUTTA.

-researched written by Musham Damodhar Rao Historian-Epigraphist

- Owner of indianbanknoteS.blogspot.in

With 1,84,554 hits from 156 nation.

India experienced turbulent period during the rule of East India Company, The East India Company had started a new system so far in dark coming into light with this document for first time.

    Thugs played havoc in roadside travel, to cope this EIC envisaged a plan to issue banknotes which failed several times from 1797 to 1809 .Later the issues started from 1812 in Sicca Rupees which were not so successful so people knew little about them.

   present design of banknotes came into effect from 1824 with limited issues, with Commerce sitting on Merchandise.

Value panels in English, Bengali,

Persian and Gujarati.

    EIC developed a system to counter THUGS and robberies menace. First one half of banknote was sent then second Half was sent if first half reached safely otherwise the second half was surrendered to Bank of Bengal to redeem the amount of the banknote.

THIS STORY IS TOLD IN THIS DOCUMENT EXECUTED IN FORM OF “BOND OF INDEMNITY” OF BANK OF BENGAL.

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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 

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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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Bank of Bengal Agents in Civil and Military services,

Agents in Civil and Military  services,

They were Agents for the whole of the Civil and Military 
services, the Planters, and the Merchants scattered over the Upper Provinces, and it was they who were styled the Merchant Princes of India. Of the earlier days of the Bank of Hindustan very little appears to be recorded. The Bank had a note issue which seems to have experienced considerable fluctuations, sometimes mounting up to twenty or twenty-five, lacs, and at others running down to as low as two or three lacs, according to the state of the market. The circulation of these notes was entirely confined to Calcutta and the immediate neighbor-hood. 

Agents in Civil and Military  services,
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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.

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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. 

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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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