GB 0074 CLC/B/207/ES01 - E D SASSOON AND COMPANY LIMITED: CORPORATE

Zone d'identification

Cote

GB 0074 CLC/B/207/ES01

Titre

E D SASSOON AND COMPANY LIMITED: CORPORATE

Date(s)

  • 1920-1979 (Création/Production)

Niveau de description

Étendue matérielle et support

0.0375 linear metres

Zone du contexte

Nom du producteur

Notice biographique

In 1867 Elias David Sassoon set up the mercantile house, E D Sassoon and Company with offices in Bombay, India and Shanghai, China. The company also operated in the Gulf ports, Baghdad and Japan. The company bought up poorly performing cotton mills in Bombay and turned them into successful profitable operations. After the death of Elias David Sassoon in 1880, his eldest son Jacob took over the business and further branches were opened in Calcutta and Karachi. The firm also purchased property in Shanghai.

In the early twentieth century Jacob Sassoon played a very prominent role in forming the Eastern Bank. E D Sassoon and Company took advantage of the facilities provided by the Eastern Bank, making themselves less vulnerable to fluctuations of the rupee currency. On 1 January 1921, E D Sassoon and Company Limited was incorporated as a private trading and banking company. After the death of Sir Edward Sassoon and his younger brother Meyer, Jacob's nephew Victor Sassoon and his widowed Aunt Mozelle became the main beneficiaries of the combined business assets, then valued at £15 million. Sir Victor Sassoon became the chairman of the company and Meyer and Mozelle's son-in-law, Derek Fitzgerald was appointed manager of the London and Manchester branches.

In 1927, E D Sassoon and Company Limited was the largest mill owner in Bombay where the headquarters were then based. The company moved to new head quarters at Sassoon House in Shanghai, China in 1930. In order to facilitate investment a banking subsidiary was formed, E D Sassoon Banking and Company Limited. This new company took on the majority of the parent companies functions and continued to exist until it was taken over by Wallace Brothers and Company (Holdings) Limited and renamed Wallace Brothers Sassoon Bank Limited in November 1974. E D Sassoon and Company continued to operate as a separate company from 1972 until 1978 when it became DK Investments (Crosby Square) Limited, 4 Crosby Square, City of London.

Histoire archivistique

GB 0074 CLC/B/207/ES01 1920-1979 sub fonds 0.0375 linear metres E D Sassoon and Company Limited
xx D K Investments (Crosby Square) Limited

In 1867 Elias David Sassoon set up the mercantile house, E D Sassoon and Company with offices in Bombay, India and Shanghai, China. The company also operated in the Gulf ports, Baghdad and Japan. The company bought up poorly performing cotton mills in Bombay and turned them into successful profitable operations. After the death of Elias David Sassoon in 1880, his eldest son Jacob took over the business and further branches were opened in Calcutta and Karachi. The firm also purchased property in Shanghai.

In the early twentieth century Jacob Sassoon played a very prominent role in forming the Eastern Bank. E D Sassoon and Company took advantage of the facilities provided by the Eastern Bank, making themselves less vulnerable to fluctuations of the rupee currency. On 1 January 1921, E D Sassoon and Company Limited was incorporated as a private trading and banking company. After the death of Sir Edward Sassoon and his younger brother Meyer, Jacob's nephew Victor Sassoon and his widowed Aunt Mozelle became the main beneficiaries of the combined business assets, then valued at £15 million. Sir Victor Sassoon became the chairman of the company and Meyer and Mozelle's son-in-law, Derek Fitzgerald was appointed manager of the London and Manchester branches.

In 1927, E D Sassoon and Company Limited was the largest mill owner in Bombay where the headquarters were then based. The company moved to new head quarters at Sassoon House in Shanghai, China in 1930. In order to facilitate investment a banking subsidiary was formed, E D Sassoon Banking and Company Limited. This new company took on the majority of the parent companies functions and continued to exist until it was taken over by Wallace Brothers and Company (Holdings) Limited and renamed Wallace Brothers Sassoon Bank Limited in November 1974. E D Sassoon and Company continued to operate as a separate company from 1972 until 1978 when it became DK Investments (Crosby Square) Limited, 4 Crosby Square, City of London.

The bank's archives were deposited in the Manuscripts Section of Guildhall Library in 1989 and after. The Guildhall Library Manuscripts Section merged with the London Metropolitan Archives in 2009.

Records of E D Sassoon and Company Limited including records relating to the foundation of the company such as memoranda and articles of association, certificates of incorporation and special resolutions; a board minute book and power of attorney.

Sub-fonds arranged as follows:

CLC/B/207/ES01/01 FOUNDATION

CLC/B/207/ES01/02 BOARD MINUTES

CLC/B/207/ES01/03 POWER OF ATTORNEY

These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998

48 hours notice required for access

PLEASE NOTE: Permission for access to records less than 45 years old should be sought from the depositor.

Copyright is held by the depositor.

English

Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm

Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Added January 2014 E D Sassoon and Company Limited Trade (practice) Enterprises Companies Merchant companies Industry Manufacturing industry Textile industry Cotton textile industry Trade International trade Finance Financial institutions Banks Private banks Baghdad Iraq Middle East Karachi Pakistan South Asia Calcutta West Bengal India Mumbai Salsette Island Maharashtra Shanghai Shanghai Shi China East Asia Japan

Source immédiate d'acquisition ou de transfert

The bank's archives were deposited in the Manuscripts Section of Guildhall Library in 1989 and after. The Guildhall Library Manuscripts Section merged with the London Metropolitan Archives in 2009.

Zone du contenu et de la structure

Portée et contenu

Records of E D Sassoon and Company Limited including records relating to the foundation of the company such as memoranda and articles of association, certificates of incorporation and special resolutions; a board minute book and power of attorney.

Évaluation, élimination et calendrier de conservation

Accroissements

Mode de classement

Sub-fonds arranged as follows:

CLC/B/207/ES01/01 FOUNDATION

CLC/B/207/ES01/02 BOARD MINUTES

CLC/B/207/ES01/03 POWER OF ATTORNEY

Zone des conditions d'accès et d'utilisation

Conditions d'accès

These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998

48 hours notice required for access

PLEASE NOTE: Permission for access to records less than 45 years old should be sought from the depositor.

Conditions de reproduction

Copyright is held by the depositor.

Langue des documents

  • anglais

Écriture des documents

  • latin

Notes de langue et graphie

English

Caractéristiques matérielle et contraintes techniques

Instruments de recherche

Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm

Zone des sources complémentaires

Existence et lieu de conservation des originaux

Existence et lieu de conservation des copies

Unités de description associées

Descriptions associées

Zone des notes

Identifiant(s) alternatif(s)

Mots-clés

Mots-clés - Lieux

Mots-clés - Noms

Mots-clés - Genre

Zone du contrôle de la description

Identifiant de la description

Identifiant du service d'archives

London Metropolitan Archives

Règles et/ou conventions utilisées

Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.

Statut

Niveau de détail

Dates de production, de révision, de suppression

Langue(s)

  • anglais

Écriture(s)

    Sources

    Zone des entrées