The Alexander and Co. agency house also lent money to several European entrepreneurs, the most notable among them was Josiah Marshall Heath, an English metallurgist who owned several mining ventures in British India.
[3] An amount of Rupees 100,000 had been loaned to Josiah Marshall Heath by the Alexander and Co. agency house in order to finance his mining related ventures.
By 1832, he was unable to repay the debt, and this contributed to the failure of the Alexander and Co. agency house.
[1] The Alexander and Co. agency house failed in the year 1832 due to major economic downturn affecting the British India.
[1] The legacy of the Alexander and Co. and its role in shaping the economic fortunes of India have been widely recognized.