War and Nationalism, 1939–47

Stephanie Jones

Chapter 2 in Merchants of the Raj, 1992, pp 79-102 from Palgrave Macmillan

Abstract: Abstract By the mid-1940s, the impact upon the British Managing Agency Houses of the impending political changes in India was clearly visible, in the form of lack of motivation, confidence and no fresh investment. In certain cases there was even a tendency to fold up completely, and pass on the business for maximum immediate benefit. In other cases, such as Jardine Henderson, new companies were formed to take over existing businesses on a revalued basis, and the expatriate promoters then offloaded the shares in the new companies at a high premium. This period was traumatic for most of the managing-agency houses, in which they reacted to the changes going on around them, rather than proactively seeking to pre-empt developments. Arguably, their heyday had already passed, although most did enjoy a resurgence with wartime demand for products and services. Some houses had started recruiting Indian covenanted staff before the War, but this was still rare. Few were anticipating the rising tide of nationalism.

Keywords: Shipping Service; Agency House; Jute Fabric; British American Tobacco; Audit Work (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12538-8_3

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DOI: 10.1007/978-1-349-12538-8_3

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