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arrived at near twenty-five millions, and there is every profpect that the next year will not fall fhort of that quantity.

Having offered the fulleft explanations of the caufes which have operated as a drain upon the refources of India, of the effect upon the commercial fyftem, and of the measures fuccefsfully reforted to for carrying on and extending the trade; it ftill remains to be premifed, that notwithftanding the wisdom of those measures appears fo fully confirmed by their favourable out-turn as to demand an almost unqualified approbation, and notwithstanding the wish I ever did and always fhall entertain for the utmost extenfion of the Company's trade, I am not prepared to fay it will be, at every time, prudent to furnish the inveftinents, by adding to the debt in India. The peculiar fituation of affairs rendered it, in the past cafe, expedient, and indeed neceffary; but in future, other modes must be devifed. A confiderable furplus from the revenues will again, I trust, very soon accrue; but in whatever fum that may prove deficient for the purchase of cargoes, a fupply must be found, either by bills upon the Court of Directors, or by bullion or exports from this country. The debt abroad muft not be allowed to accumulate beyond a certain amount: it is, at prefent, far too large, and means must be discovered for its reduction.

It being intended to take a more comprehenfive view of the general state of the Indian concern when the next accounts are laid before the Houfe, the remaining obfervations, with regard to the situation of the poffellions abroad, will be very brief.

A tolerable accurate judgment of the ftate of the provinces under the management of the feveral Prefidencies may be formed, from the copious remarks upon the produce of their refources refpectively. The caufes of the disappointments in the receipts from the land rents, and from the fale of falt in Bengal, have been diftinctly explained, and the remedy in contemplation to fecure the more ready recovery of the former. The apprehenfions of the tranquillity of the provinces being difturbed by the fuppofed difaffection of fome of the Zemindars, appear to be completely removed, from the discovery of the artifice employed to produce them; and, exclusive of occafional protraction of the payments of the rents (by no means generai), no ground of complaint feems to exift. On the contrary there is every reason to be fatisfied that the great body of the Jand-holders appear fully impreffed with a fenfe of the fuperior comforts they enjoy,

from the mild and equitable regulations. established under the prefent fyftem of government.

The only points in immediate connec tion with the Indian refources, to which it is further neceffary to requeft the atten tion of the Committee, are thofe relating to the alliances with the native princes. Some important changes have been glanced at, and an intention fignified that more precife information would be afforded.

The due realization of the fubfidies which thofe Princes feverally engaged to pay to the Company for military fuc cours, is certainly of material confequence, In fome inftances, it is fecured by direct affignments of diftricts; in others, the good faith of the parties was the only guarantee. The treaty with the late Na bob Vizier of Oude was under this predicament, and will be the first for remark.

It may not be requifite now to enter upon the difcuffion of the origin of this connection, nor of the obligations which the former Vizier was under to the Com pany. Of this, both himself and his fuc ceffor, the Nabob who died in 1797, ap. peared fenfible, and the engagements they entered into were discharged. The ne ceffity of preferving the influence which had long fubfifted at the Court of Lucknow, cannot be difputed; nor the confe quence which must attach to the exercife of that influence on principles of modera tion and juftice. During the latter part of the life of the late Vizier, the errors in the administration of his affairs were fuch as to threaten the moft ferious evils, and were the cause of repeated friendly remonftrances on the part of the Bengal go

vernment.

The events immediately following the death of the Vizier are detailed in the very able and judicious minute of the late Governor General, laid before the Houfe, with other documents on this fubject, in the laft fellion. The fucceffion of Vizier Ally, a youth about fixteen years of age, the reputed fon of the deceased, the neceffity of his early depofition, and of placing the rightful heir on the mul nud, are therein diftinctly stated; also the treaty with the latter, conferring greater advantages on the Company. The defective title of the depofed Nabob was fully proved; and his depofition may be confidered a favourable circumftance, as the worst of confequences might have been expected from the treachery and bafenefs of his difpofition, alfo from his enmity to the British. These have fince been moft fatally difplayed in the preme

ditated

ditated affaffination of the Refident and fome other Gentlemen at Benares, where he had retired, under the protection of the Company, on ample allowances from the government of Oude. The adoption of prompt and vigorous meafures, prevented the further accomplishment of his purpofes; and he, for a time, efcaped by flight the juft vengeance due to his

crimes.

The increafed fubfidy provides for an additional force stationed in Oude. Doubts were at firft entertained of its realization for a year or two; but, by late advices, the payments have been punctually kept up. The intention of the prefent Vizier to reform the administration, and to difband a great part of his own extenfive army, and inftitute a more difciplined force in its room, will enable him to continue the regular fulfilment of the ftipulations of his treaty.

nounced indifputably valid, he was ac cordingly feated on the throne. The change has not produced any disturbance, the late Rajah having fhewn all fubmiflion to the decifion, from his deference to the refpectable_authorities on which it was founded. Every arrange ment has been made, that the effect of the lofs of his station and dignity may be felt as little as pollible; and a fuitable allowance has been conferred by the prefent Rajah for his fupport.

The Committee are already furnished with complete information of the circumftances connected with the late war in Myfore, by the documents not long fince prefented to Parliament. The refolutions of the Houfe have recorded the gratitude of the country, and the fenfe entertained of the diftinguished merits of the moft noble and truly honourable and refpectable characters, to whofe wisdom The due performance of the ftipula- and talents in the management of the tions in the treaties with the Nabob of affairs of the Eaft, at a very critical and Arcot and the Rajah of Tanjore is fecur- momentous period, we are moft fignally ed, by fpecific affignments of districts in indebted. The like juft tribute has been their relpective territories. As to the paid to the armies, by whofe undaunted Nabob of Arcot, it was reafonably to be courage, and indefatigable zeal and exerexpected that the long established alliance tions, the speedy and fuccessful terminawith his family, and a grateful fenfe of tion of this unprovoked war has been the eminent fervices they had received, accomplished. Having fignified my inwould have been inducements to the most tention of foon offering to the Committee friendly and cordial co-operation, in a more comprehenfive view of the Comwhatever might have a tendency to fur-pany's concerns, I fhall, till then, defer ther the interefts of his allies. A modi- any obfervations on the extenfive happy fication of the arrangements made in the confequences to be expected from this year 1792 was defirable for the intereft memorable event. of both parties: the remonftrances with him, on that fubject, have been formerly tated to the Committee; nothing however has been yet effected.

The Committee were informed, in the laft year, of the affumption of the alligned diftricts in the Tanjore country. That meafure has been followed by one of still greater importance, but totally uncon nected with the character or conduct of the Rajah, or the fulfilment of his ftipu lated engagements. A long detail of the reafons which influenced the Govern

ments in India in the tranfaction now to

be ftated, would confume too much time; fuffice it to fay that they were prefcribed by every principle of juftice, and that the meafure was not carried into effect without an elaborate inveftigation, nor without reference to the moit venerable Hindoo characters in different parts of India. On their judgment of the ille gality of the title of the Rajah to the Mufnud, he was removed; and as the right of the adopted fon of the former Rajah was, on the fame judgment, pro

FRIDAY, March 28.

Mr. STRACHY (according to order) reported from the Committed of the whole Houfe, to whom it was referred to confider of the feveral accounts and papers which were prefented to the House upon the 3d day of February last, by Mr. Owen (from the Directors of the East-India Company), the refolutions which the Committee had directed him to report to the House; which he read in his place, and afterwards delivered in at the table, where the fame were read and agreed to by the Houfe, and are as follow,

viz.

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pany in the provinces of Bengal, Bahar, and Oriffa, and from Benares and Oude, under the heads of mint or coinage dutics, poft-office collections, Benares revenue, Oude fubfidy, land revenues, police taxes, cuftoms, fales of falt and opium, and ftamp duties, amounted, on the average of three years, 1795-6 to 1797-8, both inclufive, to the fum of five crores feventy-two lacks fixty-nine thousand four hundred and feventy-two current rupees. "Refolved, That it appears that the annual revenues of the Eaft-India Company in the provinces of Bengal, Bahar, and Oriffa, and from Benares and Oude, under the fame heads which were estimated for the year 1797-8 to amount to five crores feventy-four lacks thirty-eight thoufand four hundred and feventy-feven current rupees, amounted to five crores feventy-eight lacks twenty feven thousand four hundred and thirteen current rupees.

"Refolved, That it appears that the charges incurred by the Eaft-India Company in the provinces of Bengal, Bahar, and Oriffa, and in Benares and Oude, under the heads of civil, judicial, military and marine, the charges of buildings and fortifications, of collecting the revenues and cuftoms, and the advances and charges on account of falt and opium, and the charges of the ftamp-office, which were estimated, for the year 1797-8, at three crores eighty-nine lacks thirtynine thoufand nine hundred and ten current rupees, amounted to four crores three lacks fixteen thoufand five hundred and ninetynine current rupees.

"Refolved, That it appears that the annual revenues of the Eaft-India Company in the provinces of Bengal, Bahar, and Oriffa, and from Benares and Oude, under the heads of mint or coinage duties, poft-office collections, Benares revenue, Oude fubfidy, land revenues, police taxes, cuftoms, the receipts from the fales of falt and opium, and the ftamp duties for the year 1798-9, are estimated, by the Governor-general and Council, to amount to the fum of fix crores twenty-five lacks ninety-fix thousand and eight current

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the year 1798-9, are estimated by the Governor-General and Council to amount to the fum of three crores ninety-five lacks twenty-eight thoufand four hundred and feventy-three current rupees.

"Refolved, That it appears that the annual revenues of the East-India Company, at the Presidency of Fort Saint George, and the fettlements fubordinate thereto, and in the Carnatic and northern Sircars (exclufively of Ceylon), under the heads of mint or coinage duties, poitoffice collections, fea and land cuftoms, fubfidies from the Nabob of Arcot, the Rajah of Tanjore, and the Nizam, land revenues, and farms and licences, amounted, on the average of three years, 1795-6 to 1797-8, both inclufive, to the fum of forty-five lacks fixty-one thoufand eight hundred and eighty-three pagodas.

"Refolved, That it appears that the annual revenues of the Eaft-India Company, at the Prefidency of Fort Saint George, and the fettlements fubordinate thereto, and in the Carnatic and northern Sircars, under the heads of mint or coinage duties, poft-office collections, fea and land cuftoms, fubfidies from the Na bob of Arcot, the Rajah of Tanjore, the Nizam, land revenues, and farms and licences, which were estimated, for the year 1797-8, to amount to fifty-eight lacks thirty-fix thoufand fix hundred and eighty-nine pagodas, amounted to fortyeight lacksforty-feven thoufand three hun. dred and feventy-feven pagodas.

"Refolved, That it appears, that the charges incurred by the Eaft-India Com pany, at the Prefidency of Fort Saint George, and the fettlements fubordinate thereto, and in the Carnatic and northern Sircars, under the respective heads of poft-office, civil, military, and revenue charges, and for buildings and fortifica tions, which were estimated, for the year 1797-8, to amount to fixty-two lacks feven thousand and ninety-fix pagodas, amounted to fixty-two lacks eighty-nine thousand four hundred and thirty-fix pagodas.

"Refolved, That it appears that the annual revenues of the Eaft-India Company, at the Prefidency of Fort Saint George, and the fettlements fubordinate thereto, and in the Carnatic and northern Sircars, under the heads aforefaid, for the year 1798-9, are estimated by the Governor and Council of Madras to amount to fifty lacks twelve thoufand four hundred and eighty-three pagodas.

"Refolved, That it appears that the annual charges to be defrayed by the Eaft-India Company, at the Prefidency of 3

Fort

Fort Saint George, and in the Carnatic
and northern Sircars, under the refpec-
tive heads aforefaid, in the year 1798-9,
are eftimated by the Governor and Coun-
cil of Madras to amount to the fum of fe-
venty-one lacks forty-three thousand seven
hundred and ninety-feven pagodas.
"Refolved, That it appears that the
annual revenues of the Eaft-India Com-
pany, at the Prefidency of Bombay, and
the fettlements fubordinate thereto,
amounted, on an average of three years,
1795-6 to 1797-8, both inclufive, to the
fum of twenty-feven lacks fixty thousand
fix hundred and fixty-two rupees.

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Refolved, That it appears that the annual revenues of the Eaft-India Company, at the Prefidency of Bombay, and the fettlements fubordinate thereto, which were estimated, for the year 1797-8, to amount to twenty-eight lacks thirty-fix thoufand four hundred and fifty rupees, amounted to thirty lacks fix thousand one hundred and twenty-nine rupees.

"Refolved, That it appears that the charges incurred by the Eaft-India Company, at the Prefidency of Bombay, and the fettlements fubordinate thereto, which were estimated, for the year 1797-8, to amount to feventy-five lacks two thoufand fix hundred and fixty-feven rupees, amounted to eighty-three lacks fifty-four thoufand eight hundred and fifty-five rupees.

"Refolved, That it appears that the annual revenues of the Eaft-India Company, at the Prefidency of Bombay, and the fettlements fubordinate thereto, for the year 1798-9, are estimated by the Governor and Council of Bombay to amount to thirty lacks feventy-fix thousand five hundred and thirty-feyen rupees.

"Refolved, That it appears that the annual charges to be defrayed by the Eat-India Company, at the Prefidency of Bombay, and the fettlements fubordinate thereto, in the year 1798-9, are eftimated by the Governor and Council of Bombay to amount to eighty-eight lacks fifty-nine thousand five hundred and fifty rupees.

"Refolved, That it appears that the annual revenues of the Eaft-India Company, at the Prefidency of Fort Marlborough, and its dependencies, arifing from cuftoms, farms, and licences, amounted, on an average of three years, 1795-6 to 1797-8, both inclufive, to twenty thoufand feven hundred and feven Spanish

dollars.

"Refolved, That it appears that the debts owing by the Eaft-India Company,

at the feveral'fettlements in India, amounted, on the 30th April 1798, to the fum of eleven crores three lacks twenty-fix thousand four hundred and fifty-two current rupees.

"Refolved, That it appears that the part of the aforefaid debts bearing intereft amounted to eight crores ninetythree lacks thirty-fix thoufand four hun dred and eighty-fix current rupees, and that the intereft thereon amounted to feventy-five lacks eighty-one thousand three hundred and fifty-three current rupees.

66

Refolved, That it appears that the value of affets in India, confifting of cafh in the Treafuries, of bills receivable, of goods provided to be shipped for England, of goods imported to be fold in India, of falt, opium, &c. and of stores for use, or fale, amounted, on 30th April 1798, (including current rupees, five crores fiftyfeven lacks eighty-four thoufand five hundred and fifty-one of debts ftated to be owing to the Company there,) to nine crores ninety-two lacks twenty-nine thou fand and thirty-four current rupees.

"Refolved, That it appears that the balance of stock against the Eaft-India Company's commerce in China amounted, on the 30th April 1798, to the fum of one million feventy-three thousand fix hundred and feven pounds.

"Refolved, That it appears that the debts owing by the Eaft-India Company in Great Britain (including nine hundred and forty fix thousand nine hundred and thirty-four pounds of debts transferred from India), amounted, on 1st March 1799, to seven millions one hundred and three thousand seven hundred and fixtytwo, pounds.

"Refolved, That appears that the effects of the Eaft-India Company in England, and afloat outward, confifting of annuities, cafh in the Treasury, goods fold not paid for, goods unfold, cargoes afloat, and other articles in their commerce, amounted, on 1st March 1799, to the fum of feventeen millions one hundred and nineteen thousand fix hundred and twenty-eight pounds.

"Refolved, That it appears that the fales of the Eaft-India Company's goods, which, in February 1793, were estimated on an average to amount to four millions nine hundred and eighty-eight thousand three hundred pounds, amounted, in the year 1798-9, to the fum of eight millions three hundred and thirty-feven thousand and fixty-fix pounds.

WEDNESDAY,

WEDNESDAY, July 23.

Mr. Secretary DUNDAS moved the order of the day, which was for the Houfe to go into a Committee of the whole House, to confider of the feveral accounts presented by the East-India Company.

The Houfe accordingly refolved itself into a Committee of the whole Houfe, and Mr. DUNDAS rofe and fpoke as follows:

THE fubject for the confideration of the Committee is the ftate of the finances of the Eaft-India Company, during the official years 1798-9 abroad, and 1799 1800 at home, with the estimates, in both inftances, for the following years. When the statements for the two years imme diately preceding were brought forward, it was, upon each occafion, particularly explained, that, from accident, the invefti gation of this important concern in due courfe had been interrupted. The material confequence attaching to the prefervation of the official periods, in a regular and connected fucceffion, was likewife pointed out; and the profpect afforded, that, by the receipt of the documents expected from India, this branch of the bufinefs would be foon again placed in its accustomed channel. A literal obedience to the directions of Parliament, in this regard, is at all times defirable; but the production of the accounts now be fore the Committee is of fingular moment, from the anxiety which must na turally arife to obtain fome discovery of the expences incurred, and the advantages to be expected from the brilliant events within the periods to which they relate: I have therefore the greater fatisfaction in being able to remark, that, by the opportune arrival of advices from India, the order of inveftigation prefcribed by the act is again established, with the exception only of the lapfe of a few weeks, which may not be confidered material, as the accounts are prefented within the feffion, according to the dates required. It is, however, neceffary to premife, that as, at the periods to which the actual accounts abroad are made up, it was impoffible to obtain exact ftate ments of the military difburfements, in confequence of the extended stations of the many detachments from the army in the field, fome variations may be hereafter expected

As an explanation of the nature of the accounts does not appear requifite, I fhall only here ftate, that I have, according to my conftant practice, entered upon a minute examination of their extenfive de

tail; and that it is my intention, as on former occafions, to arrange the whole rendered as clear and intelligible as poffiin the point of view, that it may be ble. To this end, the foreign accounts will first be attended to in their order, fhewing the average revenues of each with the average laft drawn: the actual Prefidency, for three years, compared revenues and charges, compared with the eftimated; combining them in one general refult, that the net proceeds of the three Prefidencies may be discovered. The further demands for the expences of fome other fettlements, and for the intereft on the debts, will then be fhewn, as alfo the effect of the produce of the fales of imports, in order to exhibit the amount applicable to the purposes of commerce. The fum actually applied will next be stated, and the amount of the cargoes configned to Europe. The cftimates for the next year will be brought, in like manner, into a general refult; afterwards the ftate of the debts and affets compared with that of the last year. As to the home accounts, the extent of the trade will be fhewn, by the produce of the fales; the actual receipt and expenditure will be examined, on a compatifon with what was estimated: I fhall then proceed to confider the estimate for the next year; likewife the debts and affets, contrafted with thofe of the year preceding. The inveftigation of the whole of the accounts will be completed by a general comparison of the increafe or decrease of the debts and affets in the year; from which the principal object in view will be attained, viz. a difcovery, whether, on the whole, the Company's concerns have improved or not, during the period in question.

It was fully my intention, as stated to the Committee in my laft addrefs upon this fubject, to have now entered com prehenfively into the confideration of this great concern, in its every relation; but the lateness of the arrival of the accounts from India, and the incomplete ftate of them, as to the object particularly in view, oblige me to defer it till the next feffion. fhall nevertheless, upon the prefent occafion, endeavour to afford every requifite explanation of the numerous va riations which appear in the several ac counts, and likewife offer a few obferva

tions

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