Coins of British India Coins of British India British trading posts in India were first established by the East India Company (EIC) early in the seventeenth century, which quickly evolved into larger colonies covering a significant part of the subcontinent. Early settlements or factories included Masulipatnam (1611) and Madras (1640) in the south, Surat (1612) in the west, and modern-day Kolkata (1698–99) in the east. These colonies gave rise to Madras Presidency, Bombay Presidency, and Bengal Presidency, and each Presidency had a separate coinage and monetary system. In 1835, the EIC adopted a unified system of coinage throughout all British possessions in India and
Colony of Natal Zulu). Fierce conflict with the Zulu population led to the evacuation of Durban, and eventually the Boers accepted British annexation in 1844 under military pressure. A British governor was appointed to the region and many settlers emigrated from Europe and the Cape Colony. The British established a sugar cane industry in the 1860s. Farm owners had a difficult time attracting Zulu labourers to work on their plantations, so the British brought thousands of indentured labourers from India. As a result of the importation of Indian labourers, Durban became the home to the largest concentration of Indians outside India. In 1823