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03 - Documents relating to the unsuccessful adventures in Bengal goods of the ship Lady Campbell

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In Folder: 08 - House Correspondence - Spain

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03 - Documents relating to the unsuccessful adventures in Bengal goods of the ship Lady Campbell

Correspondence and accounts: In 1824, when the political situation had steadied in Spain, the government of that country sought to restore its trade with Asia. To this end The Royal Philippine Co Ltd contracted with William Lonergan & Co, merchants, of Cadiz, to bring a consignment of Bengal produce to Spain. Lonergan & Co chartered the British ship Lady Campbell, and sent it to Coringa, Madras. The task of procuring Bengal goods and loading them into the ship was entrusted to Mendiata Vriarte & Co, merchants of Calcutta (Kolkata), who were to take a commission. Barings provided the money to Mendiata & Co to enable them to make the considerable purchases of Bengal cloth and saltpetre for the Lady Campbell. For this, Barings were to have a large share of the profits of the adventure. The adventure failed because Mendiate & Co greatly exceeded their credit in the purchase of saltpetre, and because 20 bales of long cloth were captured by pirates. The sale of the goods in Spain went very slowly. Mendiata & Co were declared bankrupt in 1827. The matter was finally settled by arbitration in 1833.

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Reference Number: HC4/08/03

Description: Correspondence and accounts:In 1824, when the political situation had steadied in Spain, the government of that country sought to restore its trade with Asia. To this end The Royal Philippine Co Ltd contracted with William Lonergan & Co, merchants, of Cadiz, to bring a consignment of Bengal produce to Spain. Lonergan & Co chartered the British ship Lady Campbell, and sent it to Coringa, Madras. The task of procuring Bengal goods and loading them into the ship was entrusted to Mendiata Vriarte & Co, merchants of Calcutta (Kolkata), who were to take a commission. Barings provided the money to Mendiata & Co to enable them to make the considerable purchases of Bengal cloth and saltpetre for the Lady Campbell. For this, Barings were to have a large share of the profits of the adventure.The adventure failed because Mendiate & Co greatly exceeded their credit in the purchase of saltpetre, and because 20 bales of long cloth were captured by pirates. The sale of the goods in Spain went very slowly. Mendiata & Co were declared bankrupt in 1827. The matter was finally settled by arbitration in 1833.

Date: 1824-1833

TBAL Reference: HC4.08.03

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03 - Documents relating to the unsuccessful adventures in Bengal goods of the ship Lady Campbell

HC4_08_03_0051

HC4_08_03_0049

HC4_08_03_0030

HC4_08_03_0038

HC4_08_03_0060

HC4_08_03_0029

HC4_08_03_0032

HC4_08_03_0055

HC4_08_03_0061

HC4_08_03_0034

HC4_08_03_0043

HC4_08_03_0042

HC4_08_03_0036

HC4_08_03_0031

HC4_08_03_0001

HC4_08_03_0056

HC4_08_03_0059

HC4_08_03_0052