Records of Champdany Jute Company Ltd
- Reference:GB 248 UGD 091/7
- Dates of Creation:1872-1940
- Name of Creator:
- Language of Material:English
- Physical Description:5.7 linear metres
Scope and Content
Includes:
- Administrative records;
- Shareholders' records;
- Accounting records;
- Correspondence;
- Production records;
- Plant and machinery;
- Staff records;
- Tax records;
- Property records.
Administrative / Biographical History
Champdany Jute Co Ltd, textile merchants and manufacturers, Glasgow, Scotland, was formed in 1873 by Sir John Muir, senior partner of James Finlay & Co Ltd, textile manufacturers, tea planters and merchants, Glasgow. The company had two spinning and weaving mills, Champdany Mill, Bengal, India, and the Wellington Mill, Bengal, India, that was acquired in 1881 , which together employed up to 5000 workers manufacturing jute, flax, hemp, and other fibrous materials. Its initial directors were: Sir John Muir, senior partner of James Finlay & Co Ltd; James Luke, jute manufacturer; George Burnett, merchant; Thomas Frame, merchant; Anthony Hannay, merchant; Andrew Brown Murray, merchant; Thomas Watson, Turkey-red dyer. Finlay, Muir & Co Ltd, agents, and merchants, Glasgow, acted as the company's agents in India. Champdany Jute Mill was a joint stock company with limited liability. The minority shareholders became disgruntled over the lack of a regular dividend, which James Finlay & Co Ltd stated was due to the risk involved when investing in India. Finlay's concern was with the long-term survival of its interests, not short-term profitability at any cost. Accusations were made that James Finlay & Co Ltd were unduly subordinating the interests of minority shareholders. This led in 1886 to court action and the establishment in 1897 of the Champdany Share Trust to protect the interests of minority shareholders. There was a program of modernisation carried out in the late 1930s on the two mills. The electrification of Champdany Mill was completed in 1940 at a cost of £50,000, just in time to avoid an acute shortage of coal in India. During the First World War both mills manufactured large quantities of sandbags. Both mills were also engaged extensively on war work during the Second World War for the British and Indian governments. They produced large quantities of standard cloth, and special fabrics for the subsequent manufacture of tents, camouflage materials, and parachute containers. At Champdeny Mill a special plant was erected in order to produce a bituminous covered sacking fabric used extensively for aircraft landing fields in forward areas, such as Burma. Champdany Jute Mill was a joint stock company with limited liability. The minority shareholders became disgruntled over the lack of a regular dividend which James Finlay & Co stated was due to the risk involved when investing in India. Finlays' concern was with the long-term survival of its interests, not short-term profitability at any cost. Accusations were made that James Finlay & Co were unduly subordinating the interests of minority shareholders, and this led to court action and the establishment of the Champdany Share Trust.
Arrangement
Files arranged as received.
Access Information
Some files in this collection are subject to Data Protection legislation as they contain sensitive information and material under 30 years old is closed to access. It is advised that you should contact the Duty Archivist before visiting: library-asc@glasgow.ac.uk
Conditions Governing Use
Reproduction subject to usual conditions: educational use and condition of documents
Any work intended for publication that is based on research from this collection must be approved in advance. Apply in the first instance to Archives and Special Collections, email: library-asc@glasgow.ac.uk
Appraisal Information
This material has been appraised in line with standard GB 248 procedures. Duplicates have been removed.
Accruals
None expected
Related Material
Much of the business regarding Champdany and Wellington Mills was carried out by Finlay Muir, Calcutta (Gb 248 UGD 091/11) and references will be found to Champdany throughout their records. See GB 248 UGD 091/1/4/2/4/1, UGD 091/7/1/3/2/1-9, UGD 091/1/4/2/4/3 and UGD 091/1/4/7/2/1 (for largely financial information); and GB 248 UGD 091/7/1/3/2/4(b), UGD 091/7/1/3/2/5, UGD 091/7/1/3/2/6 and UGD 091/7/2/1. For further information, see also R E Stewart, Scottish Company Accounting 1860-1920, University of Glasgow PhD Thesis, GUL 7436.
Material in other repositories: GB 059 Finlay Campbell & Co and Finlay Muir & Co (British Library: Oriental and India Office Collections)
Bibliography
No known publications using this material
Additional Information
Description compiled in line with the following international standards: International Council on Archives, ISAD(G) Second Edition, September 1999and National Council on Archives, Rules for the construction of personal, place and corporate names
Scotland is the location of all place names in the administrative/biographical history element, unless otherwise stated.
Collection catalogued by members of Glasgow University Archive Services staff. Catalogue converted to Encoded Archival Description by Michelle Kaye, Archives Assistant (Cataloguing), May 2012. Additional material catalogued and converted into Encoded Archival Description by Peter Morphew, Cataloguing Archivist, January 2016.
Subjects
Corporate Names
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