Avoiding Negligence and Profusion: The failure of the Joint-Stock form in the Anglo-Indian Tea Trade, 1840-1870

In the 19th century, firms operating in the Anglo-Indian tea trade were organised using a variety ownership forms including the partnership, joint-stock and a combination of the two known as the Managing agency. Faced with both an increasing need for fixed capital and high agency costs caused by the distance between owners and managers, the firms adapted and increasingly adopted the hybrid managing agency model to overcome these problems. Using new data from Calcutta and Bengal Commercial Registers and detailed case studies of the Assam Company and Gillanders, Arbuthnot and Co, this paper demonstrates that British entrepreneurs did not see the choice of ownership as a dichotomy or firm boundaries as fixed, but instead innovatively drew on the strengths of different forms of ownership to compete and grow successfully.

The Brut Tradition

This article tracks the development of the Brut tradition, from its inception in the ninth century text the Historia Brittonum, via Geoffrey of Monmouth’s twelfth century Historia Regum Britannaie, Wace’s Roman de Brut and Layamon’s Brut (both twelfth century), to the myriad Prose Bruts, in Anglo-Norman, Latin and Middle English, from the thirteenth to the sixteenth centuries. It argues that the Brut is best understood both as a distinctive literary tradition and as a well-spring of mythography from which a range of late medieval, and post-medieval, writers drew. The article indicates the utility of the Brut tradition to emergent notions of English identity and the role the narratives recorded by the Brut tradition played in orchestrating English colonial attitudes to its insular and continental neighbours. The article concludes by assessing the importance of the Brut tradition for book culture and emergent models of literary taste in the later Middle Ages