The Seebpore Jute Manufacturing Company Limited

The Seebpore Jute Manufacturing Company Limited was established by M/s Apcar & Co., of Calcutta, with 250 looms in 1872-73 and commenced operations in 1874. It was incorporated under the Indian Companies Act 1882 on 1st December 1873. The Mill is located at Sibpur (then called Seebpore) in Bengal. Authorised capital was Rs. 10,00,000 divided in to 5,000 ordinary shares of Rs. 100 each and 5,000 8% Preference shares of Rs. 100 each. Subsequently the capital was increased to Rs. 17,50,000 by an issue of 7,500 Cumulative Second Preference shares of Rs. 100 each. Around 1900, the Mill was doing fairly well and had increased capacity to 450 looms and 9002 spindles.
The Mill management, probably around 1917 (some sources put it to 1925), was taken over by M/s Kettlewell, Bullen & Co. and it was called the Fort William Jute Mills Co. Ltd. The Management once again changed in 1952 when it was transferred to M/s Mugneeram Bangur & Co. 
 
The then management put up a closure notice for the mill in May 2004.
It once again changed hands not very long back to be now known as M/s. Vijai Shree Pvt. Ltd. (Fort William Jute Mills Division). It is worth noting that M/s Kettlewell, Bullen & Co. Ltd also held the managing Agency of five other limited companies, viz., Fort Gloster Jute Manufacturing Co. Ltd., Bowreach Cotton Mills Co. Ltd., Dunbar Mills Ltd., Mothola Co. Ltd and Joonktollee Tea Co. Ltd. 
 
M/s Vijai Shri Pvt Ltd, was originally incorporated as M/s Vijai Shri Pvt Ltd in 1950 and subsequently in 1980 its name was changed to Vijai Shree Pvt Ltd.

Here is the certificate, printed in Blue ink, numbered 500 for the issue of 10 Nos Second Preference Shares of Rs 100 each issued on 2nd January 1899. The share mentions Apcarr as agents and A G Apcarr as one of the directors. The Full payment of the said shares was done on 19th January1899. An interesting feature is the stamping of the half yearly payments on the reverse of the certificate up to August 1903 and the stamp which mentions that henceforth the payments would be sent to the holders.
 
Also uploaded is the picture of the Brick Chimney of the Mill built over a century back.

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