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East India Company rule in India ends and the Crown takes sole authority over British possessions on the sub-continent

Britain and British Affairs, iconic image
The Government of India Act came into effect on this day and all authority the East India Company had held since the earliest daysof commercial settlement ends. The bloody Indian Rebellion of the previous eighteen months had convinced the British Government that direct rule under an imperial Viceroy is a more prudent and secure arrangement. (By John Osborne)
Source Citation: 
The American Almanac and Repository of Useful Knowledge for the Year 1860 (Boston: Crosby, Nichols, and Company, 1859), 383.