Danish India negotiated a settlement with the Nayak. Kongsbakke's reports, sent to Denmark via other European vessels, finally convinced the Danish government to relieve him. The frigate "Færø" was dispatched to India, commanded by Capt Sivardt Adelaer, with an official confirmation of his appointment as colony leader. It arrived May 1669 — ending 29 years of isolation. Trade between Denmark and Tranquebar now resumed, a new Danish East India Company was formed, and several new commercial outposts were established, governed from Tranquebar: Oddeway Torre on the Malabar coast in 1696, and Dannemarksnagore at Gondalpara, southeast of Chandernagore in 1698. The settlement with
Commercial Bank of India of the Companies Act of England, where the company was registered under the Indian law and was not registered in England, but was carrying on business in England. Commercial Bank of India The Commercial Bank of India, also known as Exchange Bank was a bank which was established in Bombay Presidency (now Mumbai), in 1845 of the British Raj period. The bank failed in the crash of 1866, after successfully operating for 20 years. The bank had eight branches, exclusive of the head office at Bombay, viz: London, Calcutta, Hong Kong, Foochow, Shanghai, Hankow, Yokohama and Singapore, with an agency