Zone d'identification
Cote
Titre
Date(s)
- 1953-1971 (Création/Production)
Niveau de description
Étendue matérielle et support
21 production units.
Zone du contexte
Nom du producteur
Notice biographique
The Eastern Bank Limited was founded in London as a limited company at the end of 1909 as a new Eastern 'exchange' bank, to help finance trade with the East. As well as the Head Office in London, which exercised close day-to-day control, it had two overseas branches. established in 1910 in Bombay and Calcutta. From the start the Bank had a number of powerful institutional shareholders, including the Eastern trading house, E D Sassoon.
In the mid 1950s the Calcutta branch of the bank made several loans to the Mundhra group of companies, owned by Haridas Mundhra. The group included the Brahmapootra Tea Company (India) Limited; Osler Electric Lamp Manufacturing Company Limited; F&C Osler (India) Limited; Richardson & Cruddas Limited; and the British India Corporation.
Haridas Mundhra borrowed in excess of a quarter of a million pounds from Eastern Bank, and subsequently underwent civil and criminal prosecution in India. The manager of the Calcutta branch resigned, and was prosecuted in India for falsifying stautory banking returns. The total loss to Eastern Bank was around £750, 000.
Dépôt
Histoire archivistique
GB 0074 CLC/B/207-6 1953-1971 Collection 21 production units. Eastern Bank Ltd
The Eastern Bank Limited was founded in London as a limited company at the end of 1909 as a new Eastern 'exchange' bank, to help finance trade with the East. As well as the Head Office in London, which exercised close day-to-day control, it had two overseas branches. established in 1910 in Bombay and Calcutta. From the start the Bank had a number of powerful institutional shareholders, including the Eastern trading house, E D Sassoon.
In the mid 1950s the Calcutta branch of the bank made several loans to the Mundhra group of companies, owned by Haridas Mundhra. The group included the Brahmapootra Tea Company (India) Limited; Osler Electric Lamp Manufacturing Company Limited; F&C Osler (India) Limited; Richardson & Cruddas Limited; and the British India Corporation.
Haridas Mundhra borrowed in excess of a quarter of a million pounds from Eastern Bank, and subsequently underwent civil and criminal prosecution in India. The manager of the Calcutta branch resigned, and was prosecuted in India for falsifying stautory banking returns. The total loss to Eastern Bank was around £750, 000.
The Eastern Bank archives, part of the archives of Standard Chartered Bank, were deposited in the Manuscripts Section of Guildhall Library at various dates after August 1989, when Standard Chartered discontinued its in-house archive service. GL Ms 39015/1-3, comprising three bundles of correspondence, and Ms 39037, comprising one bundle of circulars of specimen signatures, were presented to the Manuscripts Section of Guildhall Library by Barclays Bank Group Archives in May 2000 and February 2001. The Guildhall Library Manuscripts Section merged with the London Metropolitan Archives in 2009.
Papers of the Eastern Bank Limited relating to the Mundhra Loan, including correspondence; Board memoranda, news cuttings and correspondence relating to the Mundhra Group; memoranda, progress reports, statistics and legal papers regarding Brahmapootra Tea Company (India) Limited and the Osler Electric Lamp Manufacturing Company Limited; and correspondence with Chartered Bank regarding the Mundhra Group.
Access to the archives is subject to a 45 year rule, with a 70 year rule for records containing personally sensitive information. In addition, all records are held off-site, and require at least 24 hours notice for access.
Records arranged by MS number, assigned during cataloguing at the Guildhall Library Manuscripts Section.
Access by appointment only. Please contact staff.
Copyright to this collection rests with the depositor.
English
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
For the main records of Eastern Bank see CLC/B/207-5.
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.
January to May 2011. Information sources Documents Business records Finance Financing Loans People People by occupation Business people Bank employees Bankers Business practice and regulation Business management Management Overseas banks Banks Financial institutions Banking Eastern Bank Ltd India South Asia Occupations
Source immédiate d'acquisition ou de transfert
The Eastern Bank archives, part of the archives of Standard Chartered Bank, were deposited in the Manuscripts Section of Guildhall Library at various dates after August 1989, when Standard Chartered discontinued its in-house archive service. GL Ms 39015/1-3, comprising three bundles of correspondence, and Ms 39037, comprising one bundle of circulars of specimen signatures, were presented to the Manuscripts Section of Guildhall Library by Barclays Bank Group Archives in May 2000 and February 2001. The Guildhall Library Manuscripts Section merged with the London Metropolitan Archives in 2009.
Zone du contenu et de la structure
Portée et contenu
Papers of the Eastern Bank Limited relating to the Mundhra Loan, including correspondence; Board memoranda, news cuttings and correspondence relating to the Mundhra Group; memoranda, progress reports, statistics and legal papers regarding Brahmapootra Tea Company (India) Limited and the Osler Electric Lamp Manufacturing Company Limited; and correspondence with Chartered Bank regarding the Mundhra Group.
Access to the archives is subject to a 45 year rule, with a 70 year rule for records containing personally sensitive information. In addition, all records are held off-site, and require at least 24 hours notice for access.
Évaluation, élimination et calendrier de conservation
Accroissements
Mode de classement
Records arranged by MS number, assigned during cataloguing at the Guildhall Library Manuscripts Section.
Zone des conditions d'accès et d'utilisation
Conditions d'accès
Access by appointment only. Please contact staff.
Conditions de reproduction
Copyright to this collection rests with the depositor.
Langue des documents
- anglais
Écriture des documents
- latin
Notes de langue et graphie
English
Caractéristiques matérielle et contraintes techniques
For the main records of Eastern Bank see CLC/B/207-5.
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
Zone des notes
Identifiant(s) alternatif(s)
Mots-clés
Mots-clés - Sujets
Mots-clés - Lieux
Mots-clés - Noms
Mots-clés - Genre
Zone du contrôle de la description
Identifiant de la description
Identifiant du service d'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