The Serajgunge Jute Co. Limited

THE SERAJGUNGE JUTE Co LIMITED, a British registered company, incorporated under the English Companies Act 1862, was started in 1864, with 200 looms, by a Dr. Macdonnel, “who knew something about tea”. The Mill, located at Serajgunge, 150 miles from Calcutta, was managed by Messrs Hoare, Miller & Co. of London and Calcutta. By the time it closed when the buildings were wrecked in the earthquake of 1897, it had 310 looms with 6000 spindles. However its working had been very unsuccessful and it had been closed for want of jute, a second time within three years (in spite of being situated in the midst of the jute growing districts and being warned by the official forecasts of a short crop and consequent increase in prices). The company was wound up and the machinery brought down to Calcutta in 1899 and erected in the Delta Jute Mills.

Here is one certificates (No. 429) for 1 Mortgage debenture of Rs. 500 from an issue of 1000 Mortgage Debenture Loan of Rs. 5,00,000 (Rupees 5 Lakhs) bearing interest at 5½% per annum, issued in 1893 and payable in 1908.
 

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