Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-nr4z6 Total loading time: 0 Render date: 2024-06-06T13:45:02.933Z Has data issue: false hasContentIssue false

Introduction

Published online by Cambridge University Press:  05 April 2013

David Sunderland
Affiliation:
University of Greenwich
Get access

Summary

Lionel Abrahams saw India's London financial operations as a large waterway system comprising ‘rivers running into a lake at one side and so many rivers running out of the lake at the other side’. The goal of India Office (IO) officials like himself was to connect ‘incoming rivers with … outgoing rivers’, a task he acknowledged was ‘sometimes difficult’. To truly understand the IO's financial operations one must extend this analogy. India's waterways did not exist in isolation. They formed part of a much larger system, the City of London, which in turn was connected to and fed a vast ocean of international finance and trade. Moreover, as in nature, the IO's collection of rivers, lakes and streams comprised a highly complex ecosystem, a community of diverse self-interested institutions and individuals, which through mutual dependency ultimately operated in a manner that was both harmonious and sustainable, and ensured that each organisation and actor achieved at least some of their goals. Previous commentators on Indian finance have overlooked this ecosystem. To them, India was an interloper in a primeval jungle, where it was ruthlessly savaged by its denizens, which fed on its entrails for decades. This book disagrees. It rather argues that Indian finance was an integral component of the City environment, contributing to and benefitting from the natural balance this habitat attained.

Type
Chapter
Information
Financing the Raj
The City of London and Colonial India, 1858–1940
, pp. 1 - 15
Publisher: Boydell & Brewer
Print publication year: 2013

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×