Jamsetjee Jejeebhoy's baronetcy fund pays only an heir who gives up his own name, and every holder since 1859 has taken his

Jamsetjee Jejeebhoy was born in Bombay on 15 July 1783 to poor parents from Navsari. In 1799 he sailed to China as a cousin's clerk and made four more voyages. On one he was captured by the French and taken to the Cape of Good Hope. By 1822 he had about two crore rupees, then £2 million. He paid off the creditors of Bombay's debtors' prison in 1822, founded a hospital in 1843 and paid for the Mahim causeway. He was knighted on 2 May 1842 and made a baronet on 6 August 1857. He agreed with the government to settle promissory notes paying one lakh rupees a year, and his mansion, Mazagon Castle, on the title. He wanted every heir to take the names "Jamsetjee Jejeebhoy" in place of his own. He died on 14 April 1859 before he had done it. His sons and widow carried it out through Act XX of 1860, and his eldest son Cursetjee became Sir Jamsetjee Jejeebhoy, 2nd Baronet. The 1915 Act kept the rule. Section 16 suspends the income of any heir who refuses the names for a year, or drops them for six months. By 1915 the notes had a face value of Rs 22,54,400. Mazagon had become unhealthy, and the Act allowed its sale. The 8th baronet, born Rustomjee Maneckjee, holds the title and name in 2026^†.