The Nyassa Chartered Company

1891–1929

Datos Bibliográficos

ID8977044
AutoresBarry Neil-Tomlinson (University of London, autor de correspondencia)
Año1977
Volumen18
Número1
Páginas109-128
Fecha de publicación1977-01-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Journal of African History (JOURNAL)
Identificadores de la revistaISSN: 0021-8537 • E-ISSN: 1469-5138
EditorialCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0021853700015255
OpenAlexW2017513412
IdiomaEN
Citas recibidas43
Referencias citadas13

This article presents a picture of the changing character of the Nyassa Company at ground level, and it relates this to changes in the capital interests which controlled the company. In so doing it seeks to explain the undercapitalization which left the area economically undeveloped. During the first period of the company's existence, from 1894 to 1898, its publicly expressed aim was the economic development of Nyassa; but the directors were primarily concerned with financial speculation and the company's influence in Africa spread no further than isolated points on the coast. In the second period of its existence, from 1899 to 1914, the company became a conquering and occupying force; but the expense of overcoming the determined resistance of African political units, plus a more realistic appraisal of the area's economic potential, meant that by 1909 the aim of economic development had been abandoned and the company turned instead to expanding its role as a supplier of migrant labour. In 1913 migrant labour to South Africa ceased, the company changed hands, and shortly afterwards the European war found its way into the area. In the last period of the company's existence, from 1919 to 1929, with only ten years of the charter left since the Portuguese government refused to grant an extension, the principles of finance capital dictated that it was too late for profitable investment in realizing the early visions of extensive economic development. Instead, the company turned to raising the level of hut tax as a means of increasing revenue, and the administration was allowed to expand and intensify the abuses which it seems to have always practised

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