Posts from March 29, 2026

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1912 map of Northern India showing the centres of the Indian Rebellion of 1857

The Cartridge and the Crown

Mar 29, 2026 By Andy Barca

On 29 March 1857, Sepoy Mangal Pandey shot at his officers at Barrackpore and started no rebellion. Six weeks later India was on fire. The uprising that followed ended the East India Company — and handed the subcontinent to the Crown for ninety more years.

The Imperial Chinese Government 5% Hukuang Railways Gold Loan bond, issued 15 June 1911

The Consortium That Lost China

Mar 29, 2026 By Andy Barca

In 1911, a cartel of Western banks lent the dying Qing dynasty £6 million to nationalise China's railways and hand the proceeds to foreign creditors. The protests that followed toppled the empire. The bonds were still worthless in 1983.