17-11-2008: 150th Anniv. of the Standard Chartered Bank in India Stamp
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The Chartered Bank of India was instituted in 1853 by James Wilson. In 1858, the chartered bank opened its first branches in Bombay, Kolkata, and Shanghai. After that, in 1863, in Karachi, then it expanded to Hong Kong and Singapore in 1859. The Chartered Bank’s business dealt exclusively with the discounting of bills for opium and cotton. Although there was a gradual increase in opium cultivation in China, the imports of opium still increased from 50,087 pickles in 1863 to 82, 61 pickles by 1888. Chartered Bank profited from the opium trade. After that, the Chartered Bank also became one of the external bank note-issuing institutions in Shanghai.
Buy 150th Anniv. Of the Standard Chartered Bank in India Stamp from Philacy.
Description
The Singapore Agency was converted to a branch in 1861, and the Bank was authorized to issue banknotes in Hong Kong in 1862. Its expansion into China in 1871 kept most of its business, including Chartered Banks, for expansion and development. Its expansion continued until 1900, leading then to the opening of branches across Asia. In the early 1900s, the Bank opened its offices in New York and Hamburg. And in 1912, it established its New York branch, Chartered Bank, becoming the first foreign Bank to issue a license in New York. So, do you want to know more about the Chartered Bank India Stamps and miniature sheets? Please visit our site Philacy for same.
Buy 150th Anniv. Of the Standard Chartered Bank in India Stamp from Philacy.
Additional information
| Country of Origin | India |
|---|---|
| Geography Represented | Single Country |
| Number of Stamps | 01 |
| Release Year | |
| Set Type | Stamp |
| Stamp Condition | New |
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