Bombay Burmah Trading Corporation
Encyclopedia
The Bombay Burmah Trading Corporation Limited (often simply called the "Bombay Burmah Trading Company") was formed in 1863 by the Wallace Brothers. The Corporation was originally formed as a public company to engage in the Burmese tea business by taking over the assets in Burma of William Wallace. It is India's second oldest publicly quoted company.
The Wallace Brothers were a Scottish merchant house in Edinburgh
. The six brothers first arrived in Bombay (now Mumbai) in the 1840s. A Bombay partnership was formed in 1848 as “Wallace Bros & Co”. In the mid 1850s the Wallaces set up a business in Rangoon, shipping tea to Bombay. In 1863 the business was floated as “The Bombay Burmah Trading Corporation” (BBTC). Its equity was held by Indian merchants, as well as the Wallace Brothers who had the controlling interests. By the 1870s it was a leading producer of teak
in Burma and Siam, as well as having other interests in cotton, oil exploration and shipping.
British motivations for the third Anglo-Burmese War
were partly influenced by concerns of capitalism. The Burmese state’s conflict with the BBTC furnished British leaders with a pretext for conquest. By the 1880s Wallace Brothers had become a leading financial house in London. This firm was able to affect the intelligence about Burma (and more critically, the growing French influence in the country).
The company is now part of the Wadia group of companies.
RH Macaulay, History of Bombay Burmah Trading Corporation 1864 -1910 (London, 1934).
Anthony Webster, Gentlemen Capitalists: British Imperialism in South East Asia 1770-1890. (London: Tauris Academic Studies. 1998)
The Wallace Brothers were a Scottish merchant house in Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
. The six brothers first arrived in Bombay (now Mumbai) in the 1840s. A Bombay partnership was formed in 1848 as “Wallace Bros & Co”. In the mid 1850s the Wallaces set up a business in Rangoon, shipping tea to Bombay. In 1863 the business was floated as “The Bombay Burmah Trading Corporation” (BBTC). Its equity was held by Indian merchants, as well as the Wallace Brothers who had the controlling interests. By the 1870s it was a leading producer of teak
Teak
Teak is the common name for the tropical hardwood tree species Tectona grandis and its wood products. Tectona grandis is native to south and southeast Asia, mainly India, Indonesia, Malaysia, and Burma, but is naturalized and cultivated in many countries, including those in Africa and the...
in Burma and Siam, as well as having other interests in cotton, oil exploration and shipping.
British motivations for the third Anglo-Burmese War
Third Anglo-Burmese War
The Third Anglo-Burmese War was a conflict that took place during 7–29 November 1885, with sporadic resistance and insurgency continuing into 1887. It was the final of three wars fought in the 19th century between the Burmese and the British...
were partly influenced by concerns of capitalism. The Burmese state’s conflict with the BBTC furnished British leaders with a pretext for conquest. By the 1880s Wallace Brothers had become a leading financial house in London. This firm was able to affect the intelligence about Burma (and more critically, the growing French influence in the country).
The company is now part of the Wadia group of companies.
Further reading
Arnold Cecil Pointon, Bombay Burmah Trading Corporation 1863-1963 (Southampton: The Millbrook Press. 1964) 142 ppRH Macaulay, History of Bombay Burmah Trading Corporation 1864 -1910 (London, 1934).
Anthony Webster, Gentlemen Capitalists: British Imperialism in South East Asia 1770-1890. (London: Tauris Academic Studies. 1998)