3>S f 0\ 0! 0! Oi 1 ^ 7 7 6 He-ada of the Speech... in the '^.ouse of Commons . . ,St«iting the Affairs of the ^Rst India CoTTir qnv By Henry f-undas. Viscount of T^elville HEADS OF THE SPEECH OF. THE Rt. Hon. HENRY DUNDAS, IN THE HOUSE OF COMMONS, FEBRUARY 25, 1793> ON STATING THE AFFAIRS OF THE EAST INDIA COMPANr. LONDON : Printed for J. DEBRETT, oppofitc Burlington House, Piccadilly. 1793' HEADS O F Mr. DUN DAS' s SPEECH, , On the 2^th of February, 1793. XT is now fix years fince I introduced the practice of bringing annually before a committee of the Houfe "of Commons, a ftatement of the fituation of affairs in I the provinces of India ; a meafure which has tended to eftablifh a regularity in their accounts, to enforce ' an accuracy in their eflimates, and, by fubjecling the feveral civil and military eftablifhments to a jealous in- veftigation, has anfwered my moft fanguine expedla- tions, and been productive of all thofe falutary effecSts, which muft ever attend pubhcity in matters of account and revenue. s The ftatement I now propofe to lay before you is dif- ferent in its object, and muft, of courfc, be dilTcrcnt in its nature, from thole I have hitherto troubled you- with. Thofc of former years^^ except in one inrtance, Jo have [ a ] , have been confined to t'le ftate of the financial affairs of the Company in India, exhibiting the balance upon the compariion of the revenues and charges of the feverai fettlements. The prefcnt is to be a flatement of a more comprehenfive nature. I mean to combine together the affairs of the Eail: India Company at home and abroad, pointing out their relative effe6ts upon each other, and placing before you the general balance refult- ing from fuch a combination. For this purpofe, it will be neceffary for me to draw your attention to a variety of different confidera- tions. I mufl: fivft ftate the amount of the Indian revenue, with the annual burthens upon it, including the amount of intcreil: payable on the debts in India. By this ftatement you will perceive, what is the furplus applicable to the purpofes of commerce, or the liquida- tion of debts ; and as the exports from this country to India, form a part of the general applicable fund in India, that fubjedl mufl:, of courfe, enter into the detail. Having afcertained the amount of applicable furplus in India, I fhall, in the next place, advert to the effed which fuch a fum, apphed to the purchafe of goods in India, would produce on the fales at home ; and, attention being likewife paid to the circumflances of the China trade, the refult of the two, combined together, will give the grofs amount of the Company's fales in Leadenhall-fl:reet. From t 3 1 From th:it grofs amount muH: be dedu6led the charges of ciiftoms, freight, and the other burthens to which tlie trade is liable, ib as to fl-iew, on the whole, Avhat is the net commercial furplus, ariling from the excefs of lales above the prime coft of, and all charges on, the goods fold by the Company. Having eftablifhed, as clearly and accurately as I can, thole neceflary preliminaries, 1 fhall conclude with fug- gefting, what I conceive to be an equitable application of the furplus ariiing both from the revenues and trade; due attention being paid to the refpe<5live claims and intertfls of the Eaft India Company and the Public. And firft, with refpe^l to the revenues and charges of the feveral fettlements in India. No accounts having been received from India, {incc the termination of the late war, of the revenues and charges on the prefent peace eftablifhment, I muft firft refer the committee to the ftatement of the reve- nues and charges of the Britifh provinces in India, previous to that war. For this purpofe, in No. 5*, the amount of revenues is given for three years, 1787-8 to I 789-90 ; and of the charges, as far as the fame can be afcertaincd : but it appears from the notes to this account, tljat in fome inftances, the charges incurred could not be accurately diflinguifhed, as the amount annually paid included arrears of former years : * Appendix (A). 15 2 The / [ 4 ] The Revenues of Bengal on this average amounted to - - - C.Rs. 5,45,41,067 at 2S. ^5,454,107 Of Madras, to Pags. 32,41,171 at 8s. 1,296,468 Of Bombay^ to By.Rs. 13,08,047 at 2s. 3d. 147,155 ;£" 6,897,730 CHARGES. Of Bengal, C. Rs. 3,13,12,102 X3>i3i52io Of Madras, Pags. 39,45,914 1,578,365 Of Bombay, By. Rs. 46,59,047 524,142 Add Expellees of Bencoolen, and Pinang _ - - - 50,000 X5»283,7i7 The Net Revenue on this average is - - ^1,614,013 In thefe Years a confiderable expence was incurred by preparations for war, and therefore the average cannot be conlidered as giving the refult too favour- able. The countries ceded by Tippoo at the termination of the war, are eftimated to yield a revenue of about 400,0001. no part of which could be included in the above average. But in order to bring this fubjedl under one point of view, there is laid before the Houfe an efli- mate [ 5 ] mate* of the future revenues and expences of the feveral fettlements in India, formed by a committee of the Court of Directors for the ufe of the proprietors of India flock. Condderins: the circumftances under which this efti- mate was formed, it is more Hkely that the calculation of the net furplus is made below, rather than above, its probable amount. Indeed, in every inflance, the revenues appear to be taken on a very low fliatement ; particularly in the article of fait at Bengal, wliich, on the average of five years, has produced 987,000!. per annum, and is here eftimated to produce only 725,000!. or 262,000!. per annum lefs than the average of the laft five years. In like manner, great caution has been ufed in ftating the other articles, that there fhould not be any doubt of the refult being better than the eftimate. In this eftimate the commercial charges at the feveral fettlements are ftatcd as charges upon the revenues. In all former views of this fubjecl, they have been confidered as belonging to the trade, as that is the only purpofc for which they are incurred. By the edimate the revenues are flatcd at ^6,963,625 And the charges, including commercial, at 5,342,575 Ixaviug net revenues - ----- 1,621,050 * Appendix (B). 3 la [ 6 1 In this view, the net re\ eruie of liv.Iia appears to be 2,621,0501 ; or, if the commercial charges, amounting toi04,45oh be excluded, the excefs of reve^}ue, above the civil and military eftablifhments, is 1,725.500!. As I mean, not only on this, but on other occafions, to draw my conclufions from this eilimate, 1 fliali offer a few fiirther obfervations upon it : It has been ufual, on fome former occafions. to charo-e the Diredors of the Company with cndeavourino- to exhibit too fiivourable a view of the flate of their affairs ; and perhaps the deranged flate of their accounts fome years pafl, left them fo unacquainted with their real fituation as to give fome countenance to fuch an impu- tation. At prefent, however, the cafe is totally changed ; even the eflimates of the annual receipt and expenditure have, as has been fully proved on former occafions, been brought to an extraordinary degree of accuracy ; and every year a comparifon between thofe eflimates and the a6lual refult, has been laid before this Houfe and the public. There is not, therefore, now any appre- henfion of the ftate of the Company's affairs in India being, mifunderftood from the confufion of their ac- counts; nor is there any fear of unkno-/n claims beinsr hereafter brought forward. As a proof of this, I need only refer to No. I. Note (A,) * where a fum of no lefs than 210,6361. is itaied as a debt at Bengal in January * Appendix (T). 1792, [ 7 ] 1792, which confifls of bills fi-om other prefidencies not d.ie^ and Bills not prefented for acceptance. As thefe bills would not become due until fome future date, It has been ufual, in former inftances, to confider them as burthens upon the future refources ; but in order to afcer- tnin the correct amount of all outftanding demands upon the treafuries abroad, all exiting claims at the time the accounts are made up, whenever thej may become payable, have been ordered to be included among the adual debts. This, of courfe, precludes every appre- henfion of the revenues being anticipated, to fatisfy claims not brought forward. In order to place in a ftronger light the moderation with which this eflimate is formed, and indeed the pro- bability of its being much under what may actually be expeded, I refer the committee to the particulars in No. 5 *, which, compared with the prefent eflimate, will fliew tliat moft of the articles of revenue are under- rated. The fait, 1 have already mentioned; and not to detain the committee with enumerating each article, Ifhall juft ftate the receipt and expence of each prefidcncy, on an average of three years, compared with the prefent efli- mate. * -Appendix (A). [ 8 3 o O «o WO O lO *J p. o O M n o <^ o o o l-H CO o O CO p -^ o -:t- oo ^o CO • f^§ o CO 1— 1 »o wo wo O Pi • 3 < ^4-, o •^ C^ t^ O t>s 2 K ^ ^ l-t vO ^ HH O ^^ CO o CO o U CT) •N *^ CS «N .^l^ < CO >-» wo >> * •4- ^ o o VO wo •T3 4-i (U O o N c^ 13 G t:^ o o VO VO V s?^ o O OS CO VO I V3 o 1-^ CO On SO c 3 o > o <-»-, r^ oo lO O w o O NO '-O CO tM pril CN * CO 1 o CO G < >^ t-l VO ^v ^ ; I I I I C to U4 ^ ^ -a pl rt S o o o o I— I <-> I 1—1 cij D-, X bo ^ • • o o o o t-J M II * -t- [ 9 ] Hence it appears, that although the ceded countries are ftated in this eftimate at 390,000!. the total of the revenues is only 65,895!. more tlian on the three years average. And although I am ready to admit, that fome deduction fhould be allowed from the averao-e revenues of Bengal, on account of the high price of fait in thofe years, yet, on the other liand, an addition ought to be made to the average revenues of Madras. Thefe, it will be obferved, in the firfl year of the average, are exclufive of the revenue of the Guntoor Circar, and in the laft year, the Company's fervants had but juil ob- tained poffeffion of it, and but a very fmall proportion of its eftimated revenues was colle<£led. The land revenues of this prefidency, however, in 1^89-90, were increafed from fifteen to nineteen lacs of pagodas, or upwards of i6o,oool. Another circutnftance which tends to lower this ave- rage is, the failure in the fubfidy from the Rajah of Tanjore ; the payment of whofe kifls w^as not en- forced in the latter year ; and inftead of four lacs, he paid lefs than two, being a difference of more than 8o,oool. Taking, therefore, thefe circumfliances into confidefa- tion,as loXvering the average revenues of thofe threeyears, and comparing it with the prcfent eftimated amount, including the ceded countries, there can be no doubt but that the revenues arc very moderately ftatcd; and In- deed, 1 may fay, confidcraWy below wliat tliey will pro- C bablv t 1° 3 « bablv amount to. But in this, as in other inflances, I prefer, that the adual refult fhould exceed the expedta- tions held out, and therefore take the revenues at the fum above ftated. With refpe^fl to the charges, the difference between the amount on the average of the three years, and that /lated in the eftimate, b^ing only 45,592L requires but 1: tie obfervation ; further than to remark, that as the revenue from fait is flated fo much below its former actual amount, and as this in part arifes from a fmaller quantity being fuppofcd to be fjld, the expence of manu- f^i6lare fhoald of courfe be proportionally reduced. The preparations for war, alfo, at Madras, in 1789-90, appear to have made a confidcrable incrcafe of charges there, as they were raifed from thirty-eight lacs of pagodas, the amount in i7S8-9,to forty-three lacs, being an increafe of upwards of 20o,oooL Tliis increafes the average, and is an addition to the amount at which the expence would have been ftated, for times of profound peace. The countries ceded byTippoo will occaiion a fmall additional expence in the charges of colle6lion ; but con- fidering how mucli the acquifition of them has weak- ened that enemy, againft whofe ambitious projects we were obliged to be almoft continually in a (late of warlike preparation, infiead of there being a neceiiity for our keeping up a larger military eftablifliment in time of peace, there is every profpe6l of our being able to reduce ^ it. The means of defence, alfo, with which thofc countries [ 'I ] countries abound, on the part adjacent to TIppoo's re- maining dominions, afford ilill further fecnrity agdinll: anv future attempts from him, to difturb the peace of the Carnatic. On the whole of thefe confiderations, I have no hefitation in giving, as my opinion, that the mihtary expences may be reduced below, their amount previous to the late war ; and confequently, in {-Rating the total of the civil and military charges at 5,238,125!. I take themi above what tiiey will in all probability amount to in future. Thefe feveral circumflances are fufficicnt to prove, that the net revenues on the whole of this eftimate, are taken below the amount, which there is every profpedl of being realized. INTEREST on the DEBTS. THE next fubje£t for confideration is, the amount of debts in India ; as the intereft on them is the firfl objett to wliich the net revenue is applicable. The total of debts owing in India on the 31(1 Jan- uary 1792, is flatcd in No. i *, at current rupees 9,08,45,508, or 9,084,550!.; this includes every arti- cle of debt known at that period, and, as I have already cbferved, the bills nut due or prcfentcd for acceptance * 7\ppeiKlix (1). C 2 I are [ 12 ] are confidered as part of the debts then owing, which was not the cafe in former flatements of this nature. The war continued about a month after this date, which, together with the charges attending the return of the troops to their refpe^live flations, would confe- quently caufe an addition of expence ; but againfl this is to be placed the amount to be received frorn Tippoo, as the Company's fhare of the price of peace, being no lacs of rupees, or about i,2oo,oool. * ; of this, about 500,0001. has been given as a tribute to the merits of the army under the Marquis Cornwallis. The re- mainder would be applicable as it was received, towards defraying the arrears of the army. Befides this, a greater proportion of the land revenues in India is colkaed in the three months from January to April, than in any other quarter of the year. In taking the total of debts, therefore, at their amount on the 31ft of January 1792, I ftate them at a fum pro- bably greater than they were at the termination of the war. The amount of debts bearing intereft in India, at this date, is flated in the latter part of No. i f, and amounts to current rupees 6,93,39,432, or 6,933,943!. the iiitercft on which was current rupees 59,22,097, or 592,2091. * By the advices jufl received per Ganges, it appears that Tippoo has regularly difcharged the inflahnents as they became due. t Appendix (1). The [ '3 ] The amount of intereft on the debts at this period was greatly increafed by loans having been raifed in the preceding year, for the purpofe of fupplying the exi^- gencies of the war, at 1 2 per cent, which is the com- mon intereft in that country ; but is more than the Company pay on their paper, except on fuch extraordi- nary occafions. The fums thus raifed amounted to about 450,0001. at Bengal, and 350,000!. at Madras (making together 8oo,oool.} ; which immediately on the termination of the war, the Madras government began to pay off; and, as appears on the note on the fide of the account, pagodas 4,85,000, (194,000!.) of thefe loans there had been paid off, which leflened the inte- reft about 21,700!. The additional credit which our o-overnments in India mufh have acquired by the fuc- cefsful termination of the late war, would foon enable them, not only to pay off thofe loans, at fo high a rate of intereft, but fpeedily to reduce the rate upon the whole debt. As a proof of this, I refer to the flate of affairs before tlie late war broke out, when the certificates at Bengal were iflued at fix per cent, intereft; of which, as per No. I, to the amount of ^09,657!. were outflanding on 31(1 January 1792. In the cftimate adopted by the Court of Dlrf£lors, already referred to, the intereft on the debts iii liidia is given, allowing for the amount a^Stualiy known to !)c ■ ,[ 1. ] . paid off. The amount of the principal is 6,669,682!. ; and of the intereft oti it, 561,923!.* AichoUj^'- j reafons I have flated would warrant the taking: a ijfs fum as the interefl; now payable on the debts in India ; to avoid any objection of that nature, thib amounr is taken as a charge at prefent upon the revenues of India. Therefore from — — ^.1,621,050 Deducing for intereft 561,923 The net furplus, after defraying the ci- vil, military, and commercial charges and interefl on the debts, is — - ^.1,059,127 Befides this fum, there is eftimated to be fupplied from the fales of Europe goods and certificates 350,000!. making a total of 1,409,127!. In the note to the eflimate, it is obferved, that the receipts for fales of imports, and for certificates, *' on *' the average of the three lafl years, have produced " 301,0001. but it is appreliended that flores to a con- " fiderable amount, fupplied for the armies at Madras '' and Bombay, liave not been brought to account. *' That the eftimate for 179 1-2 amounts to 412,000). " and that from the late regulations, the import trade * Appendix (B), " with [ >5 ] <• with India it is hoped may be much benefited." On this it may be oblerved, that the regulations alluded to, were adopted in Augufl: 1789.. in confequence of a plan prefented by a Member of this Houfe, then in the di- reflion ; and the laft fales flated in this account, as per No. 6*, were from 30th April 1790, to i 791, at which period they could have but little efFed; the amount, however, for that year was 330,6271., for fales of im- port goods only, which confiderably exceeds the prece- ding year's fales. The exertions which the Company have made to extend their export trade, are flated in the Reports of the Sele6l Committee of the Court of Directors on this fubjed, before the Houfe, and the fuccefs of thofe exertions appears on a reference to No. 25 -f ; in which the amount of goods, ftores, and Bullion, exported to India and China, is ftated from 1776 to the prefent time. The increafe of export goods only, fmce 1784, has been from below^ 40o,oool. per annum, to 8oo,oool. ; and of ftorcs in nearly an equal proportion, being on the whole an increafe from 400,000!. to i,ooo,oool. j; In the eflimiUe here referred to, it is fuppofed that to provide an inveflment in India Ihould be ap- * Appendix (G). *^ Appendix (H). I Average amount of exports, 2ycais, 1783 and 1784 £. 412,049 _ i-jiji ;ind 1792^.1,029,141 2 plied [ i6 ] plied -- — ^ ;^. 1, 1 2 7,000 And that the fupplies towards the China inveftment fhould be — ^ — ^. 250,000 This would leave a fmall fum of 32,127!. in India. In regard to the amount fupplied from India to China, It appears by No. 7 "*, that on the average of three years to 1 79 1, 223,314!. per annum, lias been fupp!ied from thence, towards the China inveftment ; but in the pre- fent view of the fubjedl, the mode of remitting the furplus feems only in fo far applicable, as it tends to fhew with what profit it can be realized at home. The amount of goods from India fold in the laft three years has been, per annum t ^ — — ^.2,394,751 Prime coft of ditto —- ^.1,090,185 Cuftoms "-' — ^ 563,269 Freight and Demorage 245, 78 i Charges of m^rchandife 6 pef cent. ■ — • —' 143,684 Total • 2,042,920 Beins: on the average an excefs of the fale above the prime eoft and charges -^^ -^^ 25 ^^^3^ * Appendix (G). •]- Appendix (C). I do [ ^7 1 I do not call this the a6lual profit on the trade from India, becaufe in a mercantile point of view, the inte- refl of the money employed in that trade, and a fum for infurance, fhould be allowed ; but this excefs of the fale value above the prime cofl: and charges, fufficiently proves that the remittance of the furplus revenue, through the medium of the trade, is a profitable mode, and that it may be realized at home with profit both to the Public and the Company. On the average of the laft three years, the prime cofl: of goods fold by the Company was — — ;/C'^>09^»^^5 In the Diredors' Report, the coft of the annual inveftment is eftimated at 1, 1 27,000 Which exceeds the average cofl; of the goods fold thofe three years by — 36,815 And confequently the fale amount and profit on the whole, fhould be flated at a larger fum. But in order to keep fo far below the probable a£lual refult, as to meet unforefcen contingencies, I (hall confider the pro- fits on the India trade even below the fum already flatcd ; as it certainly appears in the eflimate of the prime coft and fale amount of goods from India, In the Report to the Court of Dircdors. D In [ >8 ] In this, the fale amount of goods from India is ftated at * ■ — — ^.2,314,900 Prime coft of the fame ^.1,126,300 Cufloms — — 600,970 Freight — ^- 209,270 Charges of merchandifes 138,894, 2,075,434 Making an excefs of the fale, over coft and charges, of — J^. 239,466 On the three years average be- fore llated, the amount was — 351,831 The ditterencc is — — j^. 112,365 In this appropriation of the fums to be raifed in India, from the furplus revenues, and tlic fale of Britifli ma- nufa6lures, a fum exceeding the whole eftimated fur- phis revenue is fuppofed to be invelled in hidia goods, on which the profit above flated would be obtained ; tlie remittance of the whole efrimated furplus is thus provided for. A fum equal to the principal part of the amount ariiing from tiie fale of goods exported from England, is eftimated to be fent from India to China ; and in a general View of the Company's trade, it is not material to difcriminate, whether the fum fo remaining, after the provilion of an adequate inveftment, be applied * Appendix (E). to [ '9 ] to the liquidation of debt in India, or to the provifion of inveflment in China, which, by being realized at home, mav difcharge the debts transferred home from that country; — except that the latter is undoubtedly the preferable mode, as it increafes the commerce between India, the Eaftern Iflands, and China ; renders a lefs quantity of bullion neccffuy to be exported from Bri- tain to China, and opens a larger remittance for the for- tunes of individuals, to be brought home from India, in the fliape of transferred debt, to be paid by the fur- plus revenues, or produce of the export trade to India, remitted diredly in the ordinary way of trade, or cir- cuitouflv throudi the Eaftern Iflands and China, TRADE to the EAST INDIES in general. HAVING thus fhewn what tlie future furplus of In- dia, on the lowelf calculation, may be llated to amount to, and having proved that a fum equal to that amount may be remitted home through the medium of trade, with profit both to the Company and the Public, the next ohje*5l is to bring forward the ftate of the trade in ffcneral. On this fubject, accounts have been ainiuriUy laid before the Houfc ; but as the ccMiimcrcial concerns of the Com.pany are diftincl from the produce of the revenues of India, which it was the objecfl of former ftatements to ilkiflratc, they have not been difcufled in the fame manner. On the prcfent occafion, howc/cr, D 2 it [ 20 ] jt is equally neceiiary for me to examine ihe {late of the trade from India and China, as to particularize the amount of the revenues and charges of the Indian Pro- vinces. And, firfl, with r^efpcsfl to the receipts and pay- ments at home. In No. iQ-'', is an account of the receipts and pay- ments made by the Company at home in each year, from 1787 to the prcfent time, and an eilimate for the following year. This account fliews the purpofes to which the fums realized from the revenue and trade at home have been applied. But as this llaten^ient contains a variety of receipts and payments, fbme in private trade, and others not connected with their commerce, a particular account'is before the Houfe of what the trade for the lail: fix years has produced. This is No. 28 t, in which the amount of the Company's fales in each year is flated, and the cliarges of freight, cuftoras, and charo-es of merchandize, payable on that fale, as alfo the prime coft of the fame in India and China. In the fiiil three years of this period it appears that the profits refultinp" from the fale w^ere very low ; the excefs of the fale of the goods above the prime coH: being only 434,5811. per annum, after p-ying cuftoms, freight, and charges of merchandize. But the improvemcFits which have been made in the manner of conducting the Company's affairs abroad and * Afpendix (F), t Appendix (D). at [ 21 ] at home, have rendered the inveflments abroad more valuable in proportion to the quantity, and made th€ trade in general more profitable. According] V, by the average of the three lafl: vears, the profit on the trade, or more corrcflly, the excefs of the fale amount above the prime ccft and charges, wai 9 i 6,497!. per annum. iiverage of three years fale amounts, March, 17..0 to 1793 — — l'S^^'^3^'^9^ Average of three years prime coft and charges^ March, 1790 to 1793 — 4,186.597 £9^^A97 In thefe ftatements, the prime cofl: of the goods only is taken, and the charges at home ; the commercial c arg^ 'in India being, according to the eflimate, paid o.a of the furplus revenues. The gr^at improvements which have been made in the Company's commerce, are forcibly exemplified in cooiparing the prime cofl and charges of the goods fold, with tiic iale amount; the average of the exccfs of fiile above the coft and charges being, for the latter three years, double the amount of the former average. In the laft year, ending at this prefent time, the profit, as it may be termed, fell below the amount of the two preceding years, owing to tlic iavcftmciit from India having [ ^^ ] having been dlminiflied in 1791, in order to afford a larger fupply for the exigencies of the armies at that time fubfifting in the enemy's country. The return of peace would immediately remove this obffacle, and accordingly a confiderable augmentation was made, to the amount allotted for the provifion of inveflment at Bengal, on the information arriving there of the conclufion of the war. Under thefe circumffances, and taking into confidera- tion the economical arran2:ements which have been in- o troduced into the management of the Company's com- mercial tranfailions, there can be little apprehenfion of the profits of their trade in time of peace, falling be- low the amount realized on the average already ftated. \i\ the eftimate of the coft, cufloms, freight, and charges in England, reported to the Court of Directors, and forming No. 3 * of the accounts now before the / Committee, the prime cofl: and feveral charges on the India and China goods are eftimated to amount to — -- — ^.4,244,698 And the fale amount of the fame to — 4,988,300 Being an excefs of fale amount of — ;^. 743,602 which is Icfs than the average of the lail; three years by i72,895h per annum, and affords another proof of the moderation of the eftimates now under confideration. *= Appendix. (E). A3 [ ^3 ] As the trade of the Eafl India Company has, with fome variations, "been increafing, both in quantity and in profit, for feveral years paft, the eftimatc here re- ferred to, mull be fuppofed to allow a considerable fum for contingencies, or for the pollibility of the trade re- lapfing again towards the ftate in which it appears to have been previous to the laft three years fales. In taking, therefore, this eflimate as the probable fu- ture amount of the prime cofl: and fale of the goods from India and China, it will certainly not be objedled, thac I make no allowance for contingencies : Indeed, any man who attentively confiders the flate of the Eaft In- dia Company's affairs, and the circumflances which have brought them to their prefent profpcrity, and at the fame time takes into his view the competition of foreign companies, with which they had formerly to contend, but which now fcarcely exifts, fuch perfon will neceflluily conclude, that the trade, and the profits on it, muft, acterls paribus y increafe. I fliall, however, take the amount of the falcs at — — — ^.4,988,^(00 And the prime coll and charges of the fame at — — — 4,244,698 Tlie next cdlniate ffates the annual receipts and pay- ments of the Company at home*. This, after allow- ^ Appendix (F). ing [ 24 ] ing fof a dividend of 81. percent, on the capital flock, makes the annual furplus at home, including the 1,059,027!. derrv^d from the revenues of India, amount to i ,207,1 14I. which, together with the fmall fum eflimated to he left m India, makes the total furplus 1,239,2411. The firft article on the receipt fide of this account, is the fale of goods, which has been already ftated to be confiderably below the average of the Lift three years. The next is, the charges and profit on private trade, eftimated at 70,0001. per annum ; this, on the average of the lafl three years, as per No. 10*, amounted to 83,393!. and in the laft of thofe years to 102,000!. The 3I. per cent, intereft annuities from Govern- ment is not liable to variation ; the fum here ftated in- cludes 1,687!. allowed for managing thofe annuities. The other receipts, as ftatcd in No. icf, beino- for goods fold in private trade, money rai fed by bonds, or otherwife borrowed, are not included in this eftimate, as, being merely receipts which are repaid, or to be re- paid, they do not affed the general flate of the Com- pany's aftairs. The other fide of this account is the eftimated an- nual payments at home. Thofe for cufloms, and freight and demorage, are included in the total of prime cofl and charges of the goods fold, as already men- tioned ; the charges of merchandize are here ftated * Appendix (F). t Appendix (F). at. t ^5 ] at — — ;{*.37550oo In the preceding eftimate there was charged agalnft the fale of the goods — 299,298 The excefs Is — — • — ^T. 75, 702 which is allowed for the raifing of recruits, half-pay to officers, &c. and alfo intereft on loans. On the average of the three lafr years, thefe expences have amounted to 382,3301. being 7,330!. more than this eftimate. The excefs, however, of the averap-e is owing to the large expence in the lad year, by railing recruits to fend out to India, &c. and the interefl on the loan borrowed of the bank being included, and alfo the expence of fitting out the embafly to China. Thefe circumflances confidered, the above fum appears to be taken fufficiently high. The next article is the amount of goods and ftores to be exported to India and China ; thefe, includino- St. Helena, amount to 1,017,0001 By No. 25*, the goods and ftores exported in 1791, amounted to 974,9591.; and, in the prefent feafon, are eflimated at 1,083,324!.; the amount in this eftimate is, therefore, about a medium of thofe two. It is impofllble, in flat- i:)g this article, not to advert to the great increafe which has been made in the export trade during the lafl eifht •'* Appendix (H). [ ^6 ] years, being, exclufive of bullion, from 400,000!. a year to a million. • The article of bills of exchange, or bullion, is merely taken to make up the eflimated prime coil: of goods in China, that prune coft being provided for as follows : By fupplles from India Goods exported — Bills or Bullion Total prime cofl ^.250,000 600,000 644,580 jf.i, 494,580 The goods and ftores to be exported to India are eftimated at — — In the Indian eflimate, the amount to be received for the fale of imports is flated at There is, therefore, an eflimated lofs on the goods and ftores exported to In- jr400,ooo ^ SSO.ooo — ;^.50?o^o The exports to China of goods, flores, and bullion, are not fnppofed to yield any profit ; fo that, on the whole, the export trade is eflimated to produce a lofs of 50,0001. per annum. If [ 27 ] If it was material to enter into the invefligation, I fliould affign realbns for doubting the propriety of lliating any fuch lofs on the export trade ; but it is not necel- fary, for the prefent purpofe, to take up the time of the Committee with that difcuffion. I fhall take the Di- rectors eftimate as they llate it ; and, iipon the whole, from the feveral circumftaiices above ftated, particularly from the low amount at which the furplus in India is taken, and from the low eftimate of the fales and profit on the trade, there can be no doubt of this eftimate be- ing calculated in an unfavourable point of view, and that the furplus on the whole refulting from it, as dated below the amount annually to be expelled. APPROPRL^TION of the SURPLUS. HAVING thus eftablidicd that a furplus to the a- mount of 1, 239, 24 1 L at lead, may be cxpe^lied in fu- ture, it next remains to confidcr the moil equitable mode ef applying this furplus. The firft object is, the liquidation of the debts ; thefe, in India, amount, ashas beenalreadyflated, to 9,084,3301. of which 6,933,943! bore intereil: in Jinuary 1792; !>i!t whicli, from later advices, is ftated in the Directors' citi- mat'j at 6,669,0821. But taking it iomcthing highxcr, and fuppofa that 7,000,000!. out to be provided tor, and that 2, 084,550!. (if tlie debts fhouM be as higli at tlietcrmina- tion of the war lu tlicy were ii ; January i 7^2,) might cnn- E 2 tinue [ 28 ] tinue as a floating debt, fince the debts owing to the Company in India are confiderably higher than that fum« It is next to be confidered, what is the heft method of liquidating this debt, fo far as it may be thought proper to pay it off. There are only two ways ; either to pay it off in India, by the furpkis there, or to remit it to En- gland, and difcharge it by that furplus, realized through the medium of trade. The latter is undoubtedly by much the ^more px^eferable mode ; as in the other cafe, the inveftment could not be made adequate to the demand, vvithcut fending bullion to India. The Britifh fubjeds, of whofe fortunes a confiderable part of thefe debts con- fifls, if they-were paid in India, tnuH find fome other mode of remittance to Europe ; and thus, would, as for- merly was the cafe, fupply foreign Companies with the means of carrying on a trade to India, in competition with the Company, on a capital furnifhed by their fervants, to the Injury of the Navigation of Great Britain, and the diminution of the home revenues in duties and cufloms. There can be no queftion, therefore, refpe6:ing the befc mode of liquidating the debts in India ; it certainly is, to allow a certain fum to be fubfcribed annually in India for bills on the Company ; the amount fhould be Timited in its extent, but the fubfcribing to that ex- tent fhould be left to individuals to fuit their own convenience in remitting their fortunes home. ^.500,000 fer Annum is fully large enough for all the pur- pofes of remittance, either confidered as gradually li- quidating [ ^9 ] quidatlng the debts, or as affording an adequate Fund for remittance. This, by the year 1 800, would reduce the debt, bearing interell in India, to about 3,000,000!. below which, in the opinion of many per- fons, well acquainted with thefituation of affairs in India, it would not be proper to reduce the amount of debt bear- ing interefl; but leave it as a fund, in which the natives may inveftapartoftheir property, and thus attach them to the fupport of theBritilh Government, by the powerful motive of inteteft. If the fubfcriptions in India fhould fall fhort of that fum, annually, the only effect it would have, would be to lelTen the amount of debt paid off in India, and increafe the furplus at home, to be applied either to the payment of debts, or to fuch other pupofes as may be deemed moft proper, for the iutercfls of the public, and the Company. The debts of the Company in Great Britain confill: of the amount transferred from India, and unpaid on ill March 1793, which is ftated at 1,354,050!. and the other debts at the fame date, are calcuh^ted, ex- ciufive of the capital flock, at 9,247,019!.; the total of Loth 10,601,069!. this includes the iiim owing hy the Company to the Aniuiitants, which is included as a debt due to them on the other iule of the account. Tliis ft^.tement fhews th.c value of allets at the fiime pe- riod, which at home and afloat (including the balance of quick flock in China)amounts to 13,437,460!., or, omit- ting the articles of expenfcs for Frcncli Prifoners, for the cxpc- I 3° ] expedition toManilha, andHofpltal expences (422,01 il.) to 13,015,449!. The value of afl'ets in India, confifting of cafli in the treafuries, bills, goods and ftores, amoun- ted in January 1792 to 4,098,405!. exclufive of debts owing to the Company in India, wliich are ftated at 3,518,393!. *; thefe, as the greateft part ofthem have long bee 1 afloat, are not reclioned upon ; but left as a fort of guarantee for the floating debt owing by the Com- pany in India, above the amount bearing intereft. The value of aflets thus at home and in India, is — - — ^.17,113,854 And the amount of debts at home, including the transferred debt 10,601,069 If from each fide of the account tlie 4,2oo,oooL owing by Govern- ment to the Company, bededu£ted, the remaining amount of aflets is 12,913,854 And of debts 6,41019 The debts for Bills on the Court of Dire£lors ; for cuftoms, freight, demorage, intereft and dividends unpaid, and various other articles in tlieir commercial concerns, amouut, asj^^r No .24t, to 2,454,579'! * Appendix (L). + Appendix (M). The tot .1 of debts at home £.i4.,2^'j,Oig Dedudl capital, — /. 5,000,000 Anr.iiities. — 2,992,440 Bonds, — 3,200,000 Borrowed of the bank 600,000 ■ 11,792,44.0 i Rerrain;, ccmmercial deltts jC''^AS4>5'i9 Ihis [ 3' ] Which b'ing deducled from the above amount, ler.v'Cb n debt, to be provided for, of 3,946,440 If boiu;> be kept in the market to the amount of — 1,500,000 The debt remaining to be paid off at home is — ^.2,446,440 In what way this fmall debt is to be difcharged, mufl depend on what determination the Eaft India Company fhall form, on a fuggeftion which has been lately made to them. There are two ways of difcharging it, either by increafmg the capital one million, which there can be no doubt of rapidly doing, either by the prefent pro- prietors fabfcribing in proportion to the ftock they ref- pe(5lively hold, or by admitting new fubfcribersto advance the amount. The other method is by inftalments, to which, con- fidering the fmallnefs of the debt to be ultimately difchar- ged, a very moderate fum only need be appropriated. I certainly, in every point of view, give the preference to the hrft mode, both as tending to an immediate liquida- tion of the debt, and as it will enable the Company, by an additional capital, to extend their export trade to the utmoft the Indian or Chinefe market will admit of. If the proprietors fhall adopt this idea, they will have ajuftclaim to receive an additional dividend, amounting to ten per cent, on both the old and new capital ; and after allowing for this, there would Hill remain a lulH- 2 citiit [ 3^ ] eient fum to admit the public to a participation of not his than 500,000!. ^^r Annum, The appropriation of the furplus would then {land thus : Nett eftimated fnrplus — jT. 1,239, 241 To be applied towards the difcharge of the debt transferred from India jT. 500,000 Increafe of dividend two per cent. 100,000 New capital of one million, at ten per cent. ;C» 100,000 (Suppofed to reduce the bond debts to ^.1,500,000) The interefl: at prefent on bonds is 128,000 1,500,0001. at four per cent. 6o,o©o Lefsintereft on bonds 68,000 Increafe of payments by new ftock 32,000 To be paid to Government 500,000 1,132,000 Remains £. 107,241 From this ftatement it appears that in the firft year a balance will remain unappropriated, and which, as the debt in India is paid off, will be annually ihcreafing. This. [ 33 } This refult leads me to mention to the Committee, an idea I have for a ccnfiderable time entertained in my own mind, and which I have recently fuggeflcd for the con- fideratlon of tlie Eaft India Compar.y. IMy opinion cer- tainly is, th?.t the whole of the ellimaie of the Court of Diredors is taken too unfavorably, and thnt the furplus of revenues in India, and tlie commercial furplus at home, will exceed what I have calculated upon in the appropriation I have jufl: mentioned. If I fhall appear to be right in this opinion, there muil be an ulterior ap- propriation of the additional balance, and that appropria- tion fhould be for the purpofe of veiling in the hands of the public that additional furplus, to remain there with- out interefl ; but the public to be anfvverable for it to the proprietors, if, from calamity, permanent or cafual, the capital of the Company fhould be impaired, or the fituatlon of their affairs fhould not at any period be able to afford the dividend on the capital, which it is now fuggefted they fhould receive. Without further enlarg- ing on the idea at prefent, I content myftlf with barely mentioning it ; at the fame time, I am confident that If fuch an arrangement could be made, it would be a mofl wife and falutary meafure, beneficial to the public, and highly fo to the Eaft India Company. The efFed of fuch a meafure, in the courfe of eight years, will appear from the annexed * account, which, it will be oblerved, pro- ceeds on the ground of the Dircdors' eflimate, and mufl ♦Appendix (N). F of [ 34 ] ofcourfe receive additional vigour from every increafe to the profperity of their affairs. It will naturally be afked, if the calculations I have fub- mitted to the Commitee, will not, in a great degree, be affe£led by the continuance of war ? Undoubtedly they will, to a certain extent ; but I flatter myfelf, by no means to the extent which Gentlemen may at fril: fight be apt to fuppofe ; for I hope, from the lituation of the country with which we are engaged in war, that it is not likely w^e fhall be much diflurbed on the continent of India ; and from our naval fuperiority, I likewife flatter myfelf that the interefls of the Eafl India Company and the public may be protected from any material injury by depredations of another nature. I conclude with fub- mitting to the Commitee the following refolutions, foun- ded on the accounts referred to them. ABSTRACT [ 3S ] ABSTRACT OF THE PROPOSED RESOLUTIONS. R No. I. Tl E VENUES of Bengal, ]\Ia- drafs, and Bonabay, on an average of three years, 1787-8 101789-90, amounted to — ^.6,897,730 Civil and military charges — ditto 5>233>7I7 2. Net revenues on fame average, after allowing 50,000!. for Ben- coolen and Pinang ^.1,614,013 3. Revenue of the Country ceded by Tippoo Sultaun to the Company dated at per an n. — Pagodas 13,16,765 Efliimated by the Directors at — jf-390,ooo ^. Fu- [ 36 ] 4. Future Revenues of India, efti- mated by the Court of Direc- tors at per ann. ■ X-^>9^3>^^5 Charges including 104,4501. for commercial ditto 5^3^^^ 57 5 .5. Net Revenues, after defraying civil, military, and commer- cial charges, efti mated at — - ^.',621,050 6. Debts, on 3 ill January, 1792, in India, amounted to Ct. Rs. 9,08,45,508 7, Amount of debts in India bearing intcreft^ifl January 1792 Ct.Rs. 6,93,39,432 Amount of that interefl Ct. Rs. 59,22,090 Amount from later date, flated in the Diredors eflimate — ^.6,669,082 And the interefl on that -— 561,923 8. Net furplus eftimated at per ann. after paying all charges and in- terefl — ^ — ^.1,059,127 9. Prime cofl of goods fold by the Company, on an average of three years, from i790toi793, per ann. — — £''^y55^>7^^ Cufloms [ 37 ] Cufloms ditto -^ — • 612,231 Freight and demurrage y^JASS Charges of merchandize — — 306,185 Total prime co{l and charges per ann. ^.4,186,597 No. ID. Amount of goods fold per ann. on an average of three years jC'5'^°3>°94 Exceeding prime cofl: and charges ^, 916,497 1 1. Prime cofl and charges of goods to be fold by the Company annually in future, are efli- mated at — — ^^.4, 244, 698 12. Annual fale of goods eftimated to amount in future to — 4,988,300 Exceeding prime cofl and charges £, 743,602 13. Profit on private trade on average of three years amounted to jT. ^3^393 Eftimated in future at — 70,000 14. Net annual furpl us on the whole trade and revenues after pay- ment [ 3S ] inent of dividend of eight per cent, eftimated at— — jr.*i239,24i No. 15. Principal and interefl of transfer debt paid off in England in laft three years ^.2,821,183 16. Debts at home, exclufive of capi- tal ilock, including 1,354,0501. of transfer debt, calculated ^^ ' — — ^.10,601,069 17. Company's effeas in England and afloat, Including quick flock in China, calculated * Surplus in India after paying interefl and all charges — — Profit on Company's trade Ditto on private trade Unfold annu.k es and allowance ITo pay dividends Intereft of Bonds Charges of raifing recruits, &c. &c. Lofs on ftores, &c. and expences of St. He- lena 67,700 — ;^. 1,059, 1 27 743,602 — 70,000 37»9i4 ^.1,910,643 ^(^,400,000 128,000 75.702 671,402 ^.1,239,241 (ex- [ 39 ] (exclufive of fome old debts) at — — ;f.i3,oi5,44^ 1 8. AlTets in India, by lafl advices, amounted to — * Ct. Rs. 4,09,84,051 Exclufive of debts due to the Company flated at — 3^S^'>^3%93'^ THK [ 40 ] THE PROPOSED RESOLUTIONS. L J. H A T it appears to this Committee, that, on an average of three years, 178)7 to 1789-90 inclufive, the revenues of the feveral prefidencies of Bengal, Madras, and Bombay, have amounted to fix millions eight hun- dred and ninety-feven thoufand {evtn. hunndred and thirty pounds per annum ; and the charges incurred in the civil and military eftabllfhments, as far as can be afcertaiaed, to five millions two hundred and thirty- three thoufand feven hundred and feventeen pounds per annum, valuing the current rupee at two fhillings, the ftar pagoda at eight fhillings, and the Bombay rupee at two fliillings and three pence. ir. That it appears to this Committee, that allowing fifty thoufand pounds per annum for the expences of Ben- coolen and Pinang, the net revenues of the Britifh pof- I feffions [ 41 ] feffions in India, on the foregoing average, have amounted to one million fix hundred and fourteen thjuiaud and thirteen pounds per annum. III. That it appears to this Committee, that the revenues arifing from the countries ceded to the Company by Tippoo Sultaun, at the termination of the late war, dated in the treaty at thirteen lacs, fixtecn thoufand {even hundred and fixty-five pagodas, and w^hich coun- tries are eftimated by the Court of Diredors to produce three hundred and ninety thoufand pounds per annum, are not included in the foregoing average amount of revenues. IV. That it appears to this Committee, that the future revenues of the Britifh poffeflions in India are eftimated by the Court of Dire61:ors to amount to fix millions nine hundred and fixty-three thoufand fix hundred and twenty-five pounds per annum ; and the civil and mili- tary charges (including one hundred and four thoufand four hundred and fifty pounds for commercial charges) to five millions three hundred and forty-two thouland five hundred and feventy five pounds per annum. G [ 42 ] V. That it appears to this Committee, that the net reve- nues of the BritKh provhices in India, after defraying the civil, miUtary, and commercial charges, are efti- mated by the Court of Diredors at one million fix hundred and twenty-one thoufand and fifty pounds. VL That it appears to this Committee, that the debts owing by the Eafl: India Company at the feveral lettle- ments in India, amounted, on the 31ft January 1792, as near as can be afcertained, to the fum of nine crorc, eight lacs, forty-five thoufand five hundred and eight current rupees. VII. That it appears to this Committee, that the amount of the debt, bearing interefl on the 3 ill: January 1792, was fix crore, ninety-three lacs, thirty-nine thoufand four hundred and thirty-two current rupees ; and that the amount of that interefl: was fifty-nine lacs, twenty- two thoufand and ninety current rupees ; but that, from later advices, the amount of debts bearing interefl is flated by the Court of Diredlors at fix millions fix hundred and fixty-nine thoufand and eighty-two pounds, and the amount of that interefl at five hundred and fixty-one thoufand nine hundred and twenty-three pounds. I VIII. [ 43 ] VIII. That it appears to this Committee, that, after de- ducing the intereil payable on the debts in India, from the excefs of the revenues above the civil, military, and commercial charges, the net furplus is eflimated at one million fifty-nine thouland one hundred and twenty- feven pounds per annum. IX. That it appears to this Committee, that, on the ave- rage of the three laft years, from iH: March 1790 to 1793, the prime cofl: of goods fold by the Eall: India Company has amounted to two millions five hundred and fifty thoufand feven hundred and twenty-eight pounds per annum ; that the cuftoms payable on thofe goods has amounted to fix hundred and twelve thoufand two hundred and thirty-one pounds per annum ; the charges of freiiiht and demurrasfc to (even hundred and feventeeu thoufand four hundred and fifty-three pounds; and the charges of merchandize to three hundred and fix thou- fand one hundred and eighty-five pounds per annum ; making the total of prime cofl and charges four mll- licjns one hundred and eighty-fix thoufand five hundred and niucty-fevcn pounds per annum. G 2 X . [ 44 1 X. That it appears to this Committee, that the goods fold by the Company in the laft three years, on an ave- rage, have amounted to five milhons one hundred and three thoufand and ninety-four pounds per annum, which exceeds the prime coft and charges by nine hundred and lixteen thouland four hundred and ninety-feven pounds. XL That it appears to this Committee, that the prime coft, and feveral charges of cufloms, freight, and charg:"S of merchandize, of the goods to be fold by the Eafl: India Company, are efliraated by the Court of Directors to amount to four millions two hundred and forty-four thoufand fix hundred and ninety- eight pounds per annum. XIL That it appears to this Committee, that the fales of goods by the Eafl India Company are eftimated by the Court of Diredlors to amount to four milUons nine hun- dred and eighty-eight thoufand three hundred pounds per annum, which exceeds the prime cofl and charges by feven hundred and forty-three thoufand fix hundred and two pounds. XIII. [ 45 ] XIII. That it appears to this Committee, that the charges and profit on private trade, on the average of the laft three years, have amounted to eighty- three thoufand three hundred and ninety-three pounds per annum, and are eftimated by the Court of Diredlors to amount to leventy thoufand pounds per annum in future. XIV. That it appears to this Committee, that the net fur- plus on the whole of the revenues and trade of the Eafl India Company, after paying eight per cent, dividend on the capital ftock of five millions, is eftimated by the Court of Direiftors to amount to one million two hun- dred and thirty-nine thoufand two hundred and forty- )ne pounds per annum. XV. That it appears to this Committee, that, in the lafl thne years, two millions eight hundred and twenty- onethoufand one hundred and eighty-three pounds of the principal and interefl of the debt transferred from Indiato England, has been difcharged by the Eaft India Compny. XVL [ 46 ] XVL That it appears to this Committee, that the debts owing by the Eafl India Company at home, under the heads of annuities, bonds, bills of exchange, cuftoms, and debts contra6led in the ordinary courle of their com- mercial tranfatlions, are calculated to amount, on the I ft March 1793, (including one million three hundred and fifty- four thoufand and fifty pounds of debt tranf- ferred from India,) to ten millions fix hundred and one thoufand and fixty-nine pounds, exclufive of the ca^ pital ftock. XVII. That it appears to this Committee, that the eiFeds of the Eaft India Company in England and afloat outward, confifting of the amount due from government on an- nuities to the Company, cafli in the Treafury, gooes fold not paid for, goods unfold, cargoes afloat, and oth^r articles in their commerce, are calculated to amount, n- cluding the balance of quick ftock in China, to thireen millions fifteen thoufand four hundred and forty-iine pounds, exclufive of four hundred and twentytwo thoufand and eleven pounds, charged as expencs in- curred on account of French prifoners and in ar expe- dition to Manilla, and for hofpital expences. XVIII. [ 47 ] XVIII. That it appears to this Committee, that the value of aflets in India, coniifting of cafh in the treafuries, of bills receivable, of goods provided to be fhipped for England, of goods imported to be fold in India, of fait, opium, &c. and of ftores for ufe or fale, amounted, according to the latefl advices, to four crore, nine lacs, eighty-four thoufand and fifty-one current rupees, ex- clufive of the debts ftated to be owing to the company there, amounting to the fum of three crore, fifty-one lacs, eighty-three thoufand nine hundred and thirty- two rupees. A P P E N- APPENDIX. 2 APPENDIX (A.) A STATEMENTofthe Annual Amount of the REVENUE, [Jfe of the Eaft India Company, and of the Charges in- Settlements in India, in each Year, from the 30th April BENGJL. 1787-8. 1788-9. 1789-90. REVENUES. CRs. CRs. CRs. Mint Duties — • — — 33.902 32,728 16,770 Poft Office Colleftions — — 1,05,609 1,04^667 1.04.339 Benares Revenue — — — 43.76,541 42,65,738 46,86,450 Oude Subfidy — — — 52,03,603 52,53,145 53.39.073 Land Revenues — — — 2,98,30,725 3,15,54,97^ 3.- 8,53,845 Cuftoms — — — 20,03,907 9.83.37-^ 9.04.943 Sale of Salt — — — 78,97,112 1,09,04,688 1,19,44,446 Sale of Ophium — — 25,77,128 22,88,802 23.58,695 ^" Tota 1 Revenues' __ 5,20,-8,527 5,53,88,114 5,6^,06,561 Average of Three Years, CRs. 5,45,41,067 at 2 J. per CR. £. Sterling, 5,454,107. MADRAS. REVENUES. Coinage Duties — — — Cuftoms — — — Subfidy from the Nabob — — Subfidy from the Rajah of Tanjore Subfidy from the Rajah of Travencore Land Revenues -_ — — Farms and Licences — — Total Revenues - Pags. 1787-8. 178S-9. Pags. 4.471 74.859 1789-90. Pags. 3,825 1. 17. 565 Pags. 5,008 1,08,036 9,00,000 9,00,000 9,00,000 4,00,000 4,00,000 1,94,667 15,02,449 18,30,606 '.31.338 19,26,587 »>04,377 30,28,216 1,12,512 1,07,215 33.22,448 33.72.85' Average of Three Years, Pagodas 32,4.1,171, at 8;. per Pagoda, £, Sterling 1,296,46^. APPENDIX (A.) DUTIES, CUSTOMS, and SUBSIDIES, received for the curred in the Civil and Military Departments at the feveral 1787 to the 30th April 1790. BENGAL. CHARGES. Mint Charges — — — Poft Office Charges — — — Charges of the Refidency of Benares Charges of the Refidency at Lucknow Charges of the Supreme Court, and Law Charges «. __ — Other Charges of the Civil Eftablifh- ment — — — — Total Civil Charges Militar)' Charges — — Marine Charges — — < — Buildings and Fortifications — — Revenue Charges, including Stipends and Commiffion — ■— Cuftoms, Charges Collection — Salt, Advances and Charges — Ophium, Advances and Charges — Total Charges — CRs. 58.358 1,45.4-9+ 2,28,143 1,84,231 5,76,817 27,27,286 39,20,329 1,46,32,328 5,51,142 2,52,64- 76,77/'55 2,44,129 29 25,903 12,63,585 3,14,67,718 1788 g. 17S9-90. CRs. 52.647 1,49,676 3,80,740 2,28,503 CRs. 94.358 1,48,140 3.71.^57 2,84,166 4,80,761 6,69,855 27,06,655 24*67, n? 39,98,982 40.35.493 I A -^.o^.nS I 7,91,955 11,31,711 76,58. 48 1.48,47' 30,10,584 5.35.739 71,01,384 1,17.348 33.85,834 8,84,122 3,12,67,103 3,12,01,486 Average of Three Years — CRs. 3,15,12,102 at 2s. per Current Rupee ^. Sterling 3,1 3 i ,210. This Account for the Year 1787-8 is not corrert ; the DiiHnftion of Charges into thofe of the Current Year, and Arrears of former Years, cannot be made from the Books of the Period. -On Reference to the Arreas faid to be due at the Beginning/, and thofe at the End of this Year, it appears the 3,03,50,000. Total Charges fhould be about CRs MADRAS. CHARGES. Civil Charges — — — Military Charges — — — Buildings and Fortifications — — Chages on the Revenues and Cuiloms Total Charges — Pags. 1787-8- Pags. 2,48,479 30,02,333 1,50,308 2,66,713 36.67.833 Pags. 2,«4.355 29,61,059 76,958 * 5, 00, 000 38,22,372 1789-9% Pags. 2.73.588 34.76.49' 81,626 5, '5.852 43.47'537 Average of Three Years — Pagodas 39,45,914. at 8/. per Pagoda, /. Sterling 1,578,365. The apparent Encreafe in this Year arifes from the PcHicurti to the Ni/am ; of which it is here fuppofed One Year's Amount Oiould have been pud : There (hould be alfo added to the preceding Year fomcihing on thii Ac- count, but the Amount cannot be afcertaincd. On the Whole the Charges of this Prefidcncy are not given as correft ; nor, from the Defca in the Accounts fcnt Home, is it pradicablc to make j5j BOMBM. APPENDIX (A.) o • o r*- ^ >- 00 00 • O <~rj L^ ■^ Th 00 On OO 1^ «^ p ■<;|- r^ <^ N N o 00 in the 1 ion to nd Co "* ro •^ ■ 2;^ cj O "S f^ i^ 1 N ^ • O O 00 OO ^^ o »^.s bO-T3 >"* OO 2 M-OO ro r<^ ■<*• X,oo vo '-"oo «-o o Char he A King CO 3 ON Tf- r^ - CO OO « V2 r«« p< r^ r^ o" lA ^0 <^ VO \p^ 00 3 r^ O ■<*: - OO ClJ -<> ^ -a a o 4> rt »i (J « U fli fc- rt ^ rj to <^ -C C ~3 (X} M r. . L^OO > ^ • « (U •13 PS r- FT) J VO r-~^ o r— ON O y^ O rn W-, 0,00 O -^ e< J I O M ^•^ Pi o ■ 1J I ^ U S ii o o . W ..8 ti enuc dLi j^: 'Z i «5 > land Rev Cuftoms Farms an a t<^ o On a: r^ rt ■XI f. J= U< e: ,J= 4- 6 APPENDIX (B.) ESTIMATE of the probable REVENUES and CHARGES expedcd SURPLUS REVENUE. Reported to the Court ESTIMATED REVENUES. BENGAL. MINT and POST-OFFICE REVENUES, taken at the Average aftual Receipts of the laft 5 Years BENARES. The fame Average of this Article is CRs. 44,00,000; but as large Balances were col- lefted in 1789-go, which cannot be reckoned on in future, the prefent Jumma is here taken, being about — — — VIZIER'S SUBSIDY, as fixed in 1787, and which has been realized, is — — LAND REVENUES, on Average of the laft 5 Years aftiial Colle27,ooo 8 APPENDIX. (B.) ESTIMATE of the probable REVENUES and CHARGES Broujrht over — ESTIMATED REVENUES, MJDR^S, LAND REVENUES, on the Average of 5 Years adual Colleftions, from 1786, have amounted to Pagodas 17,50,000; but in the laft Year 1790-1 the Receipts fell fhort, chiefly in confequence of the Irruptions of the Enemy, andexceffive Drought; the Eftimate for 1791-2 amounts to 24 Lacs, not withftanding large Dedudlions are made for proba ble Arrears in the Zemindars Payments : But as this far exceeds any aftual CoUedlions hitherto made, it appears liable to Objeftion, although fonie of the Revenues are leafed at an Annual Increafe; the future Amount may therefore be taken more within Probability at — Pags. CUSTOMS and FARMS of exclufive Privilege have, on the Average of Five Years, produced about — •- - NABOB'S SUBSIDY — RAJAH'S - Do. REVENUES of the Countries ceded by Tippoo— thofe under Madras are eftiinated at - Total Eftimated Madras Revenues - Pags. at 8s. per Pagoda Carried over -- - I' 20,00,000 2,00,000 9,00,000 4,00,000 3,50,000 5,033,009 38,50,000 1,540,000 6,573,oozn 50,000 — L- S'S^^^sii 1,621,050 6,963,625 1 ,62 1,050 3150,000 1,971^050 12 APPENDIX (B.) ESTIMATE of the probable REVENUES and CHARGES As the INTEREST on the DEBTS in INDIA muft probably be confi- dered as the Firft Article to be provided for from this SURPLUS, it may not be 'Tproper to give a CALCULATION of the Amount thereof j which on the Debts bearing Intereft, by the lateft Advices, is as follows : At BENGAL, 31 Januzry 1792. On Bond Debts - - - CRs. 1,57,46,982 a. 8 per Ct. - CRs. 12,^9,758 On Loans, 1 790-1 « - - - 46)39)6c5 12 Do. . - • 5)'I4!733 On Projnin'ory Notes » - ■ 2,00,26,983 8 Do. - - - 16,02,159 On - Do. -«---- 50,96,569 6 Do. - - - 3=05,794 Total Principal - CRs. 4,54,10,139 Total Intereft, CRs. 37,12,464 or, at 2/ - £. 4,541,014 or, at 2/ . £. At MADRAS, 31 January 1792. On Bonds and Depofits On Depofits - On Bonds « - - Pags. 16,78,342 a. 8 per Ct. . Pags. 1,33.787 33^895 6 1*0. - - - 2,034 12 Do. • • ■ 47)695 Total Principal - - *3'97'458 Pags. 21,03,695 or, at 8/ - £. 841,478 At BOMBAY, 31 Oclober 1791. Total Intereft, Ps. 1,83,516 or, at 8/ - On Bond* - - - Rupees 1,08,36,623 a 9 i«8 per Ct. - - 9,88,863 or, at 2/3 - £. 1,219,119 or, at 2/3 - At BEKCOOLEK, 31 January 1792. On Bond* and Paper Currency - Dol. 125,884 a. loperCt. or, at 5/ - £. 31,471 Dollars 12,588 or, at 5/ . 371.246 Add Sums borrowed at 8 per Ct. at Madras, in order to difcharge the 12 per Ct. Bonds above- mentioned Pags. 90,000 ' ' £• 36,000 Intereft - - Pigs. 7,200 Total bearing Intereft • £. 6,669,082 Total Intereft • - . - ^, This Sum, dedufled from the above Surplus leaves for Commercial Purpofes, or Dif« charge of Debts • - » ■ ESTIMATED APPROPRIATION. Europe Invcftmcnt Chiud InveftiDcnt £' Jlemain^ 73)4o6 111,244 3.14? £. 2,880 66i>923 1,409,127 1,127,000 250,000 »>377.ooo 321127 * Thtfe iMOunte^, en 3» January, \o Ps. 8,83,000, but by the Letter tl »i May rag«. ^,8j,o«o bad been f aid off* 1,409,137 DEBTS APPENDIX (B.) 13 of INDIA on a PEACE ESTABLISHMENT. DEBTS. The Advices from India concur in an Opinion that the Arrears of the War are comparatively fmall, whillt there are fome Refources to come in Aid thereof: But fuppofe the Debts at Intereft to amount to 7 Crores of Rupees, the Annual Intereft thereon will not exceed CRs. 56,0^, too, or /". 560,000, as the Loans for which a high Rate is now paid, will be foon difcharged ; and there is Reafon to think, that in a (hort Time a Reduftion may be made in thofe carrying 8 per Cent, per Annum at prefent. Eaft India Houfe, 20th February i']<)3' A true Copy. W. RAMSAY. Secretary, H APPENDIX (C.) rt "U-i o •T3 C r- '■-' iMD e; w >s Q S r-* »^ i-i f rt r^-) o ^-^ • (^ • '^ u (/I ro H—. ■* TD CTi C 1^ o 1— 1 O /■-• u- O X O c3 H^ ll-H- "Z rt-' P i-i OJ ?*> •^ c: t— *- ^sr- -c ,a; ^. +-J ' — , :2 < C a J r- o w' S £ ^ ^•-n Di "*" G C^ . * ^ «j o hi <4- __r; ^ M CO < i-<-\ M oo o -i- r^ O r-. f-^ >^ N N « ca CD <2 ^_5 N ON ■+ -^ Oi. On N o ■Lrs \-r\ VO ro < IJ^ rj \J^ vO t^ r- •\ Ij-, 00 NO On o CO H f*^. 1^ r^ r^ r«-> *-M o I-- 1 - O q o C « -^ tl »" i- w N r> H <^' 'c!^i s tn 00 o O tJ' 00 o N M N i-« r<-> r-n N ITN c^ w "^ '^ • «s -4 n o 'i^ c5n — 5 L/^ >^ -^ Ti- <^ -Sop r^ N rj N N N P ^ - 'i- r- O o NO *^ co »_i N »-<( r^ • oo NO >-r, NO c; — U-. f^ yj\ NO r- 3 o- ■J-> ^ r-. i-r\ <~r\ ctr T 't- M- "-ri t/^ U-i U '"-^i r^ 'i- 00 rj „ N cti r'-i ly> o Q o uri ^ o_ LA NO_ "*- U crl J' Cn >C r^ wT r- w o rj •• i-» oo Ni UN ON — O o c i-i ^ P^ ^ oo On O ^ M r^ oo CO On ON ON On r~- r->. 1-^ t^ r^ r« ^ ^ JZ r^ j=: ^ u "o o O ^ o u u. l-< k> r; ^ 7* CJ n t:; S ^ %■ s S S tt: Ci ^ c^ ci <*: ^ q o O o o ■•- *■• ■»-j ^-^ r-~ oo 0\ O ^, M oo oo 00 ON ON ON r^ r- r^ I- t^ r-. »-■ — •-' -• n •- ^ ^ ^ J3 J3 A u u u y o o £< wi ui i: v> rt rt rt rt rt rt S S S % S S « ta «is «tJ «^ c±3 E £ S s s S o o o o o o tl iH u< ii I-a {^ u-k (I^ \M (^ (^ ^s. c s c/: o "T3 o b s: Pi< o <: a. E S u t-H Oj ^ • {? .:: u 15 -fi 4j e « o T3 ,« »;^2i s- On w o X "" 1— 1 M -C >- o O 1-4 t>>ci 'T2< c 3 « H W ►S o ft, N APPENDIX (D.) '5 '^ to c ^ £ ' t^ -I .< u, '^ '^ § o g o so -O <: — o 0^ Oh c f . . ^ " O O •— 1-1 O JZ ^ u to LlJ T^ ^ if c- H rs <- W r <^ E o u 'n? , c 3 O o CO 00 li-i N '-^ c» ■■^ oo La <~o CN CS >-n N M L/-^ r>- E o\ o r-- M t-l O <*. «-<-( Ij^ -* C\ ^ r>. oo r< ^ o t^ o o ■^ 't- 't- IJ^ LO in C> 00 K> -C rr> o ^- ^ ly-, •> HM tj-i ■-0 l/^ 00 -4- re "^ On ■ /^ VO O O O ^ ^ N N <-o cr> w^ ^ o N ij-i CO ro oo ^ r*i f- ro ro VD <--. rt- o r^ O fN. OO t^^ t^ u Tt- ^ N t^ U^ 00 ''-i im~t r-~ -+• »<^ o s <^ -+- ^ l^ to «^ •» •I N N r^ w N CL, '-^ o e p ^ -§ ":; « <:; <-, ^. T3 • J* S E ;t-> N L> '.^ <: t; « C o o oo On o _ N •^ -* c oo oo On ON ON ON ^ ^ r^ r- 1^ r^ 1 ^ r^ " ** ■^ "" •" ^ u, ~ ^ j= ^ ^ •C ^ ^< o o o u '■J Ui rt.° n rt rt rt rt rt ^ S ^ S C:,/^ « Ci e; « tti Ci "" — "" O o Q O o o r-^ CO On o „ N CO 00 OO On 0\ ON ^ s u (sj o X rt "^ ( i6 ) APPENDIX (E.) ESTIMATE of the Coft, Cuftofns, Freight, and Charges of MERCHANDIZE, on one Year's bales of Goods from India and China : Reported to the Court of Direftors by a Committee of Accounts, 15th February 1793. Quantity, &c. Coft. Cuftoms. 30,000 2,880 Freight. £■ '47.444 12,000 960 TOTAL. Sale Amount. Teas, a. 7. !>»'.p.Talc, 5 J. --d. p. Old Dollar China Raw Silk. — Nankeens — — lb. 17,110,000 lb. 200,000 Pieces 40,000 CHINA Rs. 55 Lacs. a. 2S. gr. lb. 200.000 Cwt. 38 000 lb. 300.000 Ps.6 Lacs, a. 8/. Rs.4Lacsa.2i.6i. lb. 2,000,0C0 1,348,260 137.060 9,260 1,494,580 550.000 178.000 19,000 47,300 240.000 50,000 42,000 1,126,300 2,620,880 476,000 5,000 400 £■ 1.971.704 184,060 13.500 £' 2.457.400 200,000 16,000 32.880 481,400 160,404 2,169,264 2,673,400 Bpngal Piece Goods Bengal Raw Silk — Salt Pelre — Indigo — — Madras Piece Goods Surat Piece Goods Pepper — — 361-430 45,000 500 185,400 4^270 4.370 50-7.50 9;070 71,300 6,980 28,670 6.900 35.600 66,000 15,600 5.220 6,600 35)»oo 3.798 6,576 1,028,180 247,670 96.020 60,880 489,170 64,968 88,546 I,lOO,00» 260,000 87,00a no, 000 585,000 63,300 109, 6o» INDIA — 600,970 209,270 138,894 2,075.434 4,844,698 2,314.900 TOT.\L CHINA and INDIA 633.850 690,670 299,298 4,988,300 The above Eftimate was formed upon a Suppofition that the Quantities and AfTortments would be as above ftatcd, and refulting from the Inveftments which it is fuppofed the Revenue id. India will permit, in confequence of an Eftimate prefented herewith. (Appendix B.) RECEIPTS and PAYMENTS for One Year, refulting from the above SALES, upon an Average. Cuftoms on Company's Goods £-^3^^^;P To be received for Company's Goods, as above /".4, 988, 300 Charges and Profit on Private Trade — — 70,000 Coverument, for Intercft, &c. 127,687 Total Receipts - /^.5, 185,987 Faft India Houfe, 20'.h February 1793. (A true Copy.) Errors Excepted. yi. RAMSAY, Secretary. Freight and Demorage - - 690,67a > Goods for India - ^.200,000 Stores for India - 200,000 Goods for China - 600, coo 1,000,000 Stores for St. Helena Bills of Exchange, Certificates, or Bullion, _ - - Charges on Merchandize, including Supra Cargoes CommifTion, rail- ing Recruits, &c. 4 per Cent. Intereft on ^^.3, 200,000 Bonds ... 3 per Cent. Intereft on ^^.2, 992, 440 Annuities _ - _ 8 per Cent. Dividend /~. 5, 000, 000 Stock . - - » 7,00a 644,580 373.00© 128,OC(?"' 89.773 400, oca Total Payments i •3,978,872' Surplus 1,207,114 /'•5.i85.g87 Surplus in England ^.i,«o7,ii4 Surplus in India 32,127 £.1,839,441 An T England in each Year, from the ift of 3 to the I ft of March 179+. F'^om From ill March I ft March CalH Di 178810 ift March 1789. 1789 to ft March 1790 <.32.953 6^9.555 962,297 768,075 1' 1,776,095 466,776 0» 487,1 52,277 &< 329.5> 470,46c From I ft March 1 790 to ift March 1791. £. 655, 80 874.03s 73'.790 1,298,61c 1,020,021 476,758 30.5 Cod. ceo 3?8,444 541,619 300 300,000 From ift Maich 179! to ift March 1792. 659,689 479,272 628,865 769.639 74*''584 785,650' 889,068 493,169 1,005,51 244.459 617.967 434006 99.900 376,133 630.795 100 200,000 From Eftimaied ift March ift March 1792 to ift March '793- £■ 749,98 806,447 1,132.610 i,co6,i25 226,588 436,622 804,552 TOG 300,000 353.640 641,861 I 793 to ft March 1794. 700,000 813,176 1,056,781 1,030,000 482,069 447,764 O" "36:424,9047,481,300 5,789-567 6, 5«2>.58c 3j 567,699 687,494, 915.0891 443:737 As 136,992,603 8,168,7946,701,656 6,956,317 164,2561 125,184 548.800 115,000 161.622 20,000 600.000 417,216 3'. 091 631,454 1. 100 400,000 31,000 617,238 7.942 67:4''3 656,275 49.5' 6,423,960 563. '93 ^7,>,53 121.940 5.944 .3,644.205 + 679,496 6,323.70' ^^'om India. &c. is inchided /C-332.23>. 'he Amount of Intereft March 1793; \\hich bciu^ l.lciiciid with the Intereft on fundry as to ftiCiV the Amount aitually paid in each Year. The laid 788 to the ift March 1789 ,7«9 1790 '79» 1792 1789 /■.29,662 1790 68,975 1791 93-795 179.: 89,079 »793 50,720 33^. ^3> 193, is the fcparate Fund of the Company. ,496, Will b« the Icpaiaie tuod «1 tlif Company. ' ~' A TT^E N D rx; (FT) ^^ ry- An ABSTRACT STATEMENT of the Receipts and Payments of the Eaft India Company in England in each Year, from the ift of March 1787; and an Eftimate of the Receipts and Payments from the i ft of March 1793 to the iftof March 1794. From From From From F.om From Eflimaled From From From From From From Eftimaled ta March ift March ifl March ifV Match la March tf> March ift March ift Marcl. i» March ift March III March .ft .Maich ift March ift March RECEIPTS. 1787 to 1,88 10 1 1,8910 1 790 to 1 791 to .79210 ,793.0 PAYMENTS. 178710 178810 1789 to 1 790 to 1791 10 179HO 179310 la March in Match ill March ill March ifl March la March 111 March ift March ift .March Ift Match ill March ift March ift March ift March 1788. 1789. 1790. .791- .,92. "793- £■ '794- 1788. 1789. 1790. .79.. .792. l'93- .794- c- £. £■ £. £~ £. £■ c £. ~ Ca(h in ihc Ttcafury, cxclufive of Paid for Cuftomi ... 593.7« «1".953 ^'"S.bii 655, 80 659,689 749,981 Duly on Tea - . - 593.1 1« 514.758 567,699 687,494 9.5.089 443,737 563,.93 Freight and Dcmoragc 819,848 962.197 874,03a 769.63I) 746,58, 1 ? 2 "0 813.176 Hec< for Bonds ilTucd 81S.000 219,000 166,000 3.4°° Goods and Stores exported 636.S29 768,075 73!.79< 785,650 8a9,otj8 1.056,781 New Stock - 9.7« 1,712,345 '.5 — 33.300 India Debt - — — 493. '69 1,005,512 ';S,i2° 1,030,000 Compaiiy's Coodi fold 4,840,957 4,1:74,0564,406,775 4,960,017 4.948.737 5,396,044 3.407.90° Bills of Exchange from In. of Ihc Honourable Board of dia, &c. 758-7>9 1,776,095 1,298,61c 244.459 226,588 164,256 ■25,184 Ort nanrt for Sill Pttre - — aa,5oo — — 4.500 .8,000 Ditto China 600,27) 466.776 6.7.967 436,622 548 800 Pn.ale Ttide Goodi fold 450,414 509,952 «i.,73= 556,076 465.744 471.357 100,000 Bullion exported 6Sa,7i6 487,188 '4!6;758 434.506 8o4,55« 1G1.621 20,000 Ch.rats and Ptohl on Pri. Purchafc of Tcai on ihe vair TraJc ... 64.013 72,7CO 06,736 75.536 72,280 .02.363 70,000 Continent - 196,936 i«.>77 305 . Cultoms on Ditlo ..8,31s 136,778 .86.351 'oa.755 86.394 .00,479 Bank on Loan — — Coo.ooo 99900 too — 600,000 Freight on Ditto - 10.893 24.3.W >0.,557 7,632 8.5.5? Ditto on Exchequer Bills - — — — 300,000 Alnrllroufrsat Poplar . 2,.>30 8. = 79 15,117 ■8,319 !4.»S4 .8,927 Charges on Mcrchandiie. of the Banit on Loin, on Security of Annuitici 500.000 300,000 300,000 including Supra Cargoet CommifTion, and Inieie^l ol Govtynmcnt for Intercfl, on Loans ... 416.819 3'9.5i' 318.444 376,. 33 353.640 4.7,216 400,000 *t. ... 1= 7,687 127.687 .27.687 .27-687 .27,687 127,687 .27,687 Indigo Contraflori - - — — 3'.09i 31,000 . of Do. for Ciinoms on Teai Dividends on Stock, and returned by the Buyers - - — — — — — — = 1.62. Intercfl on Annuities and Bonds ... £08,699 400 470.460 630.795 641,86. 631.454 617.113a 7.94« ,6,316.5786,992,603 8.168,794 6.704,656,6,956,317 6.987,153 6,3=3,70. Bonds Paid off —~ Government per Agreement 541,619 300 (laA Payment) 100,000 The Receipts and Paymenu from the 23d January 1 793 10 the ift of March 1 793 are cftimated. -~— Ditto, for Expences of His Majefty'iTroopiand Fleet —— Dcpodt in the Court of - - 3co,ooo 2=0,000 Eifl India Houfe, •he 23d Janua.y 1 793. the Swiidcpending m ilul Coutt regarding the Cap- ture of Chmfurah - - 67.4«3 Errors Excep ed. Proprieiorsof PrivatcTraJe 459.486 479.a7» 628,865 482.069 447.764 656,275 121,940 W. RICHARDSON, Accomptant. Buyers of Tea rcuirncd - Warrants palTcd the Court ~ - - - — 5.944 On the ift of March 1794 /".505.900 wtjl probably be payable for India Debt Bills, and Intereff thereon ; of which Sum only £.355,738 has been prefcntedor advifcd of. unpaid - - - 6,414.9047.481,300 5,789.567 6,512,580 49.500 B,423,9tio ^644.205 Balance in Favour — %m';5! 567,699 687,494 915,0891 443.737 ■sf's.isa t 679,496 As it is ptobalile Ihc Company will not have Occafion to avail tlicmfelves of the IVrmifTion granted by ihe e6th of George the Hid. Caput 62, to borrow on Annuiue*. no Credit is taken on that Head in the S 216.0786,90.2.601 a.i68.7g4 6,704,6566,956,3.7 .,987,153 6.323,701 tflimate of Receipts from the lU of Marrh 1793 10 the iff of March 17941 but the Sum now owing to the Bank, of £.600,000, is Aalcd 10 be paid off in tliat Peiiod. ' ■! " -| ' 1 1 Under the H'ld of Bills nf Exchange from Inilia. &C. is included iC-332.23». the Amount of Inletell incurred on India D;;bt Biili to the ill of March 171)3; which being blended with the Intetefton (uiidry other Bills, cannot readily be fcparaicd, fo as to (hew the Amount adliially paid in each Yen. The laid Intercfl became due as follows ; ftom the ifl March 1788 to the ift March 1789 /■.ig.eea . jpHy 1790 68.975 17*^0 ■ '/9^ 93-795 179. 1792 89,079 1793 1793 5o,7iO 33^.^J> • ;C-4?4.09l, Partof thc/;.,^63,l93. » the fcparate Fund of the Company. 1 f jf^. ,^93,331, P«ii uf [he jC-679f4!)6| will be the Tcpsiaic Fuad ul thf Company. A ( i8 ) APPENDIX. (G.) An r CCOUNT of the Amount received at the feveral Settlements In India, from the Sale of Goods and Stores exported by the Eaft India Company, and from Certiticates, in each Year, from 30th April 1786 to the Date of the lateft Advices. Stating alfo the Supplies from India to China. SALES of IMPORT GOODS. 1786.7. 1787-8. 1788-9. CRj. 12,89,548 4,64,058 11,01,532 43:929 28,99,067 1789-90. 1790-91. CRs. 16,13,706 3.97-643 12,52,190 42,738 33-06,277 Total. CRs. 7,20,795 7,45.680 io,8t,749 70,987 16,19,211 CRs. 8,18,945 5,91,948 10,77,162 26,596 CRs. 10,73,259 5,3-386 9'56,>32 33,399 25,94>'76 CRs. Bengal Madras Bombay Fort Marlbro' 55-16,253 27.-30,7i5 54^58,765 2,17,649 Total Import Goods 25,14,651 r„o6,8Ql i;65,5"8o 53-934 69,736 7,96,141 1,39:33332 CERTIFICATES. 5,67,896 43,821 91,368 6,g68 69, '43 8,074 40,887 1.68,052 93,555 50,008 90,903 4,02,518 24,761 1,13-772 96,409 46.175 2,81,1:7 Bengal Madras Bombay Fort Marlbro' 12,73,668 4,42,050 2,52,246 3,39.069 Total Cenificates 7,03>o85 1,24,172 23.07-033 .SUPPLIES from the Settlements in India to the Fa^ory at Canton. Bciic,al . - - Bombay ... Foi I Marlbro' Total 5upplic$ — CRs. 1786-7. CRs. 1 707-B CKs. 1788-9. 1789-90. j 1790-91, CRs, I CRs. CRs. 17,^1,998 i4,c8,72o'i 3 30,026 20,81,438 23,84,707' 3,89,942> 2,42,436 1,12,327 1,48.862 2,06,267' 85,900! — Total. CRs. 89 86, "89 10,99,834 82,503' >. 75-647! «-77.657i' 5'2>,707 2 ■>,, 57, 840] 16,51, a 56' 15, 64,856 24,05, 947 27,68.631 1,06,08,430 N. B, Pa;;odas converted into Current Rupeei, it 425 per 0. Bombay Rupees, • - at 1 16 per o. Spanifh Dollar* . . at 243 per o. trrars Excepted. Eaft India llourr, ^tU Icbiuary 47931 Wm. W R I H T, Auduor vf JadiaO Acco'jnt|d 19 APPENDIX (H.) •a c *T3 r* o «-« X 2 o E .2 o -« J;: J=i c/> *-< o ^ a, ::= £ rt o 9 H O o o c < H O H OO O i-^CC ^VOOONN'ONOOOOOf^ I I N^0'''"O'O0r--|000COt--N"* I PI On c^ -i-^^ vo ^ o - '^ o - 'O - o ;j co ^' 1 r*i r*» vr, N -<*- N -^ « On •-• •" •>HI vc 00 vo ^ «» •* 00 O O o ■- - O\00 .c., , , , I t-» '-^ ^^ I ^\a O •- r«^00 N O© ■+ (^ — «^ qn 3^ r-- O u> r^oo t-^ — O I-- i^ N H- -ct-CO CO t^ r^>0 -^ »r- I/-! W-i o I «+00 IQCOO r<^O\00 ONt^l^f* '-' '+'^00 I Lnl^OOQO O N O rA— «^M r^O"- r~vo VD N •»!- «^ t^ r^-O O ^ OS rJ-VO «5 l^ O — i>-i C^ f<%— ''^■O WOOOO »-0O f*^ rr^CO 00 l-^ -" ON O Tj-Tt---p»Or--t^0O— COr<-)'»«NVriON'^ t^ -^ rn n-, t^ .^00 rj- C^^ — Q ^^^X> ^^ -4- 0\ «^ •" — >< — >-«,», M„>-.MM»,n IN "- «^0 i-f -^(-^OnCAOnJ^N On" H'O N LoMO >- f^u-i'^^NOO "" f<^rr) r'^vo r-~r<^o^>"C?\<-»i'J-i*^ONNN^N OO Np)VO'joo-,onO\«^m»^"^50 0'0 rt- ,•-• 0^-+\0 r^N NOOOO ONt^r<^ r^O O t* >^ -+• r-^ •-> CO CN t-~sC O r-- i^ Qnoo On t~» no . -*- u-><5 — r^ o N l/^ •- tJ- r~-oc 00 f^ r^ O '-^i NO »^oo o o " N «^ V- t^'O rvoo ctn o — N 2 t>. t^ r>. t^oo oooocioooooooocoooo o>onoC B o o CO G < pi: X M .2 2 W 5j ( ao ) APPENDIX (I.) AN ACCOUNT of the TOTAL of DEBTS owing by the Eafl: India Company at their feveral Settlements in India, fpecifying the Amount bearing Intereli, according to the lateft Advices. BENGAL. Bond Debt Amount of Principal 1,57,83,084 Intereft due thereon — 6,41,956 Certificates outflanding — — 2,52,08,034 Computed Jntereii due thereon at 8 per Cent. — — il»37»907 CRs. CRs. CRs. 1,64,25,040 2,63,45,991 Due for Depofits _ — — . 3,7?', 392 Due on Account the Rohilla Dona- tion by the Vizier — — 2,59,055 jIRREARS. Civil — — — — 7,68,f20 Military — — — — 37,03,922 Marine — • — — — 1,78,522 Revenue — — -_ — 11,05,364 Commercial, including Contradors 6,76,472 Unclaimed Balances in the Mili- tary Department — — 9,89,942 74.22,342 Amount undrawn of theSubfcriptions to the Remittance Plans of 15th Sept. 1785, and 31ft July 1787 57,049 Loans 1790-91, at i / per Cent, in- cluding Intereft CRs. 1,27,412 46,67,017 Loan from the \^izier — — '3*95>-97 Bills from other Prefidences, accepted but not due ; and Bills not } et prefented for Acceptance — /'tj^ 21,06,36 1 Total Bengal _ — __. 5,90,54, J44, MADRAS, Bond Debt at 8 {ler Cent. Pagodas 16,60,^42 Depofits at 8 per Cent. — — 12,odo Ditto at 6 per Cent. — — 33'^9S «7.o6,737 Intereft due thereon — — 68,377 Madras, carried over — Pags. ■ — 17,75,114 Total, Bengal, carried over — ■ 5. 9''. 54. 344 ' < . (a) The Sum infcrtctl o;i the Quick Siock lor January 1793, \u this Account, would render, the Compaiifon of the Debts willi any former Ptriod lall.Kinun, as no fimil.ir Ariiclri urrc thrn included; and it i« not pofliblc to alctriain whut the Amount ot Billn drawn froiu UiC «tJicr Prcfidtncicj iu ihc fame Prcditamcnt with thii Aiiicic, v. ji iu foimti Inllanets. I Dz ' \ 21 APPENDIX (I.) Pags. CRs Total Bengal, brought over - 5,90,54,344. Madras, brought over »7.7S.ii+ - . Bond Debt at 12 per Cent Pags. — - — — 8,83,028 Intereft — — — 28,703 9'^^'73» Depofits of Dutch Prize Money, and of the Mayor's Court, &c. — 14,661 Ditto in the Revenue Department - 66,776 ARREARS. Civil — — — — 51,076 Military — — — — 3,05,460 Revenue — — — — 2,25,391 Commercial — — — 11,448 Tue for Ci round taken at Hog Hill, Saint Thome, &c. — — 2,12,000 relhculli to the Nizam — — 1,15,280 Total Madras — — Ps. 36,88,937 at 425 Current Rupees per § Pagodas— ~—CRs, 1,56,77,982 BO MB jr. Bond Debt, including Intereft (per Quick Stock 31 Oft. 1 791) Rupees 1,08,36,623 rcpofits — — Ditto — — 3,3 ",08 1 Due on Bills of Exchange Ditto — — * 4,46,881 ARREARS. Civil — — — Rs. 1,53,298 Military — — — — + 17,01,': 10 Marine — — — — 94*983 19,49,291 Total Bombay Rupees, 1,3?, 6/, 876 at 1 :6 Current Rupees per g Bombay Rupees, C Rs. 1,57*32,936 PORT MARLBOROUGH, Paper Currency outftanding — - Dollars 45,550 Bond Debt — — — 80,335 Depofits — — — — 9,3^2 Due to the Refidents at the Faftories and for Cuftoms there, and to J'aymafters, Sec. 21,233 Total Fort Marlborough Dollars 156,480 at 243 Current Rupees per § Dollars — — 3,80,246 Total Debts in India — CRs. 9,08,45,508 • Including Rupees 4,26,881, fuppofed outftanding, but not inferted in the Quick Stock, f iKckding Rupees 3,45,827, as above. 22 APPENDIX (I.) Amount of Debts bearing Intereft included in the forrgoing, with the Annual Amount of fuch Intercft. BENGAL. Principal. CRs. Bond Debt — — — 1,57,46,981 f 2,00,26,983 Certificates — — — ■? 50,96,569 C 45.39'6o5 Total Bengal, CRs. 4,54,10,138 MADRAS. Pags. Bond Debt — — — 16,60,842 Depofits — — — — - 12,000 Ditto _ — — — 33>895 Bond Debt — _ — * 8,83,028 * Of this Sum, Pags. 4,85,000 had been paid off in May following, and about Pags. 90,000 borrowed at 8 per Cent. the Intereft will be lefiened by about CRs. 2,17,000. Total Madras, Pags. 25,89,765 at 425 CRs. per ° Pags. CRs. 1,10,06,501 BOMBAT. Rupees. Bond Debt — — — 1,08,36,623 Depofits, &c. — — — 40,000 Total Bombay Rs. 1,08,76,623 at 116 CRs. per I Bombay, Rs. 1,26,16,892 FORT MARLBOROUGH. S. Dollars. Rate Annual per Intereft, Cent. CRs. 8 i2»59.:58 — 16,02,159 6 3.05'794 12 5'44.753 CRs. 37.12,464 Pags. 8 1,32,867 i— ~ 960 6 2,034 12 1,05,963 Bond Debt and Paper Currency — — 125,885 10 at 243 Cnr. Rs. per Z Dollars, CRs. 305,901 Grand Total — CRs. 6,93,39,432 Pags. 2,41,824 CRs. 10,27,752 Rupees. 9.8SJ,842 3,650 Rs. 9,92,492 CRs. 11,51,291 > S. Dollars. 12,588 30.590 CRs. 59.22,097 ( «3 ) APPENDIX (K.) A STATEMENT of the INTEREST incurred on the DEBT transferred from India, according to the Orders of the 15th September 1785, and 31ft July 1787; and the Amount of the Principal difcharged, to the ift of , March 1793. Intcreft incurred on the faid Debt to the 23d January 1793 — Of which has been aftually difcharged £. 321,281 : The Remainder not yet claimed. Intereft becoming due between the 2 2d January and ift March «793 — — — — — — ^.327,189 Intereft incurred to the 1 ft of March 1793 .,— — -_ £' 332>23» Amount of Principal difcharged to the 2 jd January 1793 — Bills in Courfe of Payment not yet claimed — — £. 2,499,902 4.904 Amount of Principal difcharged and due, up to the ift March 1793 — -^ — — — JT, 2,504,806 A'. B. — On the ift of March 179J, another Payment, to the Amount of £. 506,108, will take Place on Account of the faid Debt, whereot ^. 500,777 for Principal, and j^. 5,331 for Intereft. The Total of the Principal remaining to be paid amounts to £* 1,354,050. Eaft India Houfe, tlie 23d January 1793. Errors Excepted. W. RICHARDSON, Accomptant. e o few z: c/3 (7) ;-• w rt> • o o .COO a o o Vi (Ji o f? wo I ! M f I oov^ O O O -<^ ^ CO O "^ — ~J On 5C Own K> O -^ On G) O — N 4^ ^1 N On".^ Oj n oo On >- O <^ 'jJ 4^ O^ — NO u> « -f- or. NO 4- •tJ -^ " ^ CTQ »* ** M v^ •-• • O -P> M N 00 VO 5n°« ON n v,j » 1^ ^ o o 0<5 oc O OosO ce--J on-^ >d On On I os4^ i-^ --a I >-n o On m -• >* V f^ I CO — N» i" I -f>- -" O VO On ■^1 O On i" or, NO -f» -O O On VO Cm -f. On ^t VM 00>.o ^j u ^ --J O O -f- "-" !•> -♦- NO v-r, v^i O O ^1 — — o o- V Tj r, oj o-.~ I <■« '->- 50 H > [73 H cc o Crq 2^ 3- O m *-^ 3 (T) n < > >-t 00 P CO n H r-T iy^ O 3 t-'- 3 3 V3 o ^^ , > I-" cr> h— ) n: >-> a. ::j w %• t— 1 p r n •— < n O C/3 b-> a- 5" o rt O o 3- yi a ** jj r/^ H O > 70 G- r^i *^ CO o <« c- cn p 3 Ci. > PI D t— I X 'r to -^ ( 24 ) APPENDIX. (L.) A STATEMENT of the VALUE of ASSETS, in CASH. BILLS, GOODS, STORES, an^ DEBTS owing to tine Company, at the feveral Settlements in India, accord ing to the lateft Advices. jlH Janry. 179a. 31ft January 1792. 31ft Oaoberi79i. 31ft January 1792. Ko„W„li,.. Fort St. George. Bombay. Fort Marlbto'. Total. CRs. Pags. CRs. Rupees. CRs S. Dollars. CRs. Rs. Cafli _ _ _ _ 6+,66,266 '4.43.129 61,33,298 7.36.232 8.54,029 120.842 2.93.646 1.37.47.235 Bills receivable _ _ - 20,77,584 — — 6,40.137 7.42.558 43,908 1.^6,696 29.26,838 Export Goods — — — 30,10,423 1, 9 1.548 8 .14.079 17.65.848 20.48.383 155.468 3.77.787 62,50,672 Import Goods — — — 10,12.233 3.84.202 16,32,858 18,10.324 20.99,975 — 47.4j.066 Salt, Opium, Grain, Sic. — — 35.°?. 130 — — — — 35.05,13a Stores — — — — 38,86,061 8.33.477 35.42.277 18,00,666 20,88,772 120,16; 2.91,996 98,09,106 DEBTS. CIVIL DEPARTiVlENT, 4.09.84,051 GENERAL. ■ Nabob Afoph ul Dowla — — 7.36.389 — — — -.36.389 Commiflarics for Effeas taken from the Dutch — — — - i,72,9Ji — — — — — — '.72,951, Committee of Grain — — — 84.87J — .— — — — — 84.875! Depofits, Loans to Individuals, and due on fundry Accounts — — 3.45.955 — 86,894 1.00.797 296.958 7.21,607 11.68,359 Due from laundry Perfons on Engagements for Remittances to Canton — — 4.1 +.267 — — — — — 4,14.267 NabobofArcot _ — - 27.31.84S 1,16.10.354 — — l.i6.lt,354 Rajah of Tanjorc — — — — 9.98.753 42.44.700 — — — — 42.44.700 Rajah of Tra.encore — — .— 95.436 4,05.603 — — 4,05,603 Rajah of Cochin — — — — '9.374 S2.339 -~ — — 82.;,39 Due for Dutch and French Prifoners, Hofpital Charges to his Majelly's Troops, &c. — — — — 2.74.476 11.66,523 — — ^ — 11.66,523 Due from the Malabar Tributaries ^ — 2.55.5S9 2,96,483 — — 2,96,483 REVENUE. 1 Balances of Revenues — — — 23,30,808 13.07.614 55.57.359 6.65,0.7 7.7'.4i9 — .~ 86,59,586 Due for Salt fold, and Advances to the 1 Manufaftuters _ _ _ 12,06,217 ^- ^_ _ _ 12,^6,217 Due for Opium fold, and Do. — Do. 7,69,950 — — — — — 7.69.950 Due from Sundries on Advances, Over. payments, Purchafe of Grain, &c, — 1,21,194 — — — — — — 1,21,194 COMMERCIAL. Balances due on Advances for the Inveft- ment, S;c. _ _ _ I9.l8,2s8 2,12,452 9,02.921 — — — 28,21.179 1 Due on Sales of Imports — — 37.232 34.661 ■.+7.309 4.49.247 5.2. ,.26 — — 7.05.667 MILITARY DEPARTMENT. Balances due from fundry Paymafters, Storekeepers, &c. &c. — - 5.'7.296 — — — — — — 5..7.'9« Total Debts — 86,55,392 56,74.614 2.41.17.108 '4.56.747 16.89,82; 296.958 7,21,607 3.S'.83,93a Grand Total of AlTets — 2.86,13,089 85,26,970 3.62,39,620 82.09,954 95.23.542 737.339 ■7.9'.732 7.61.67,983 CRs. N. B.— Pagodas converted into Rupees, at 425 per S.^— "Bombay Rupees, at 16 per g.— Spanifh Dollars, at 243 per ; Eaft India H oufe. 4th February 793- ■ 1 Eirots Excepted. WRIGHT. Auditoi of India Accounts* 25 bts transferred from India, agreeably to the le Effeds of the Company in Enghmd, and unt of the Balance of Quick Stock in China, emment to the Company — I I ft March 1793 Morning) in- '■'sfeparateFund , f,. 474,094] -j{\ 555,251 Y off Bonds advertifed to be — — — 7'9+2 563. '93 )ds fold, not paid for — — — s in England, unfold — — — toms on Teas returned by the Buyers to the claimed by the Company, to be repaid them land, not arrived in India and China at the Quick stocks — — — jxclufive of Bullion — — — d remaining in the Treafury, paid for — ITS of Ships not arrived in England — aft India Houfe and Warehoufcs — — lips, Sloops, and Veffels, exclufive of thofe for the Subfiftence of French Prifoners in India - orExpcnces incurred in Expedition toManilha J for His Majefty's Troops at Madras, Bengal, t Stock in Favour of the Com- ade up to the 9th January 1792 lies 2,063,818, a. 7 J. 2-,Vo«?'. - ^.740,480 t of Bills drawn in England fince xk Stock, and charged as a Debt 31.735 Balance againft — 33»300 731,900 4,263,441 21,621 i.50i'473 416,253 20,614 94,609 355.780 37.050 200,667 i39.«77 2«.447 772,215 /;. '3. 43 7 '460 809,559 C- i4.247.o'9 APPENDIX. (M.) A STATEMENT of the DEBTS of the ,Eaft India Company (exclufive of the Debts transferred from India, agreeably to the Orders of the 15th September 1785, andjhe 31ft July 1787) ; and a Statement of the Effe(5ts of the Company in England, and afloat Outward, as they flood on the ift Ij|ay of March i 793 ; together with an Account of the Balance of Quick Stock in China, according to the lateft Advices. To w^at owing by rhe Company to tlie Annuitar to Bonds bearing Intereil — — to Bon.ls not bearing Inlereft — — 7*9+2/ — 500.458 — — 514,8+4; to Cuftoms on Gocds fold and unfold — to the Bank, for a Loan on Mortgage of the An: fold agrceablyto Aft of Parliament pafled in i to Freight and Demorage — — to Supra Cargoes CommifTion to Proprietors of Private Trade to Alms Houfes at Poplar to Intereft on Militarj' Fund mo to Do. on Contingent Do to what owing in the Departme exclufivc of Exports ■ — — to what owing for Exports of former Seafons to what owing for Teas returned by the Buyers, to what owing to Contraftors for Indigo — to Intereil on Annuities — — to Do. on Bonds — — to Dividends on Stock — — to what paid by the Adventurers, being 87-! per Cent, on — ^. 3,200,00c ■ to additional Capita! fold to the Ad- 155 per Cent, on - 800,000 s that may be than applied — — Do. — — _ of the Committee of Shipping, and re-fold — to additional Capital fold to the Ad- ventuasin 1789,3. ij+perCent. or £• 5>< 1,000 — — 2,992,440 3.207,942 500,714 600,000 161,460 69.0.0 66,430 J93.755 5.94+ Ead India Houfe, the 23d January i -j^^. Errors Excepted. W. RICHARDSON, Accomptant# By what due from Government to the Company — ~- byCafli, its Balance on I ft March 1793 Morning) in- cluding the Company's feparate Fund /;. 474,094J -^.555,251 ) by Caih referved to pay off Bonds advertlfed lo be i paid off — — — — 7»942 j by New Stock — — _ _ by the Amount of Goods fold, not paid for — — — by the Value of Goods in England, unfold — — — by the Ao unt of Cuftoms on Tens returned by the Buyers to the Company, which is claimed by the Company, to be repaid them by Government ■ — — — — by Cargoes from England, not arrived in India and China at the Dates of the feveral Quick Stocks _ _ _ by Exports paid for, exclufive of Bullion — — — by Silver exported and remaining in the Treafury, paid for • — by Imprefs paid Owners of Ships not arrived in England — by the Value of the Eaft India Houfe and Warehoufcs — — by the Value of Ships, Sloops, and Veflels, exclufive of thofe ftationed Abroad — — _ — by Expenccs defrayed for the Subfiftence of French Prifoners in India - by what remains due forExpences incurred in Expedition to Manilha by Hofpital Expenccs for His Majefty's Troops at Madras, Bengal, and Bombay — — — — by Balance of Quick Stock in Favour of the Com- pany at China, made up to the 9th January 1792 Tales 2,063,818, a. 7/. z/^'g^. - ^.740,480 Add the Amount of Bills drawn in Engbnd fince clofing the Quick Stock, and charged as a Debt in England — _ — 31.735 4.263,441 2t,62l .50^.473 416. .153 20,6.4 9'f,6o9 355.780 37.050 Balance agaioft £■ ■3.+37.460 26 SUI ted home until the Amount fliouki be re- 1 fe of Invertment or Supplies to China y the j fc To Govern- ment aunuuHv. ^.500,000 500,000 500, COO 500, 00 50c,oco 500,000 500, TQO 5-0,: 00 Remains for theProprietors, or to aniwcr CoHtigf ncies. To pay Pro- prietors above hat faved on Intercll of Bonds. 500,000 279,241 319,241 359»24i 399,241 439.241 479'Hi 519,241 £.152,0:0 132,000 132,000 132,000 132,000 132 000 132,000 13 2,OCO Remains. 6 1 9 , : 4 1 132 ,00c I 500,0 o 1,119,241 132,000 987,241 ^^.107,241 147,241 187,241 227,241 267,241 307'24i 347.241 387,241 487.243 36 APPENDIX (N.) SUPPOSING j/[.500,ooo per Annum of the Debt bearing Intereft in India to be annually remitted home until the Amount fliould be re- duced to ^,3,000,000, and that the encreafing Surplus in India was to be applied to the Purchale of Inveftmcnt or Supplies to Chinas the , following is a Computation of the probable Rcfult. 3. Net Revenue of India — ^.1,621,050 Debts about ^.7,000,000. fuppofed I ^^q^^^^ to bear 8 per Cent. Interell Goods, &c. — — ^.1,411,050 By transferring £. goo,coo at 8 per Cent. Intereft"! decreafes precifcly ^.4O,':c0 per Annum, and of | courfe the Sum for Inveftment or for Supplies en- > creafes equal y, and the Surplus at home is fup- | pofed to be encreafed in like manner, J <795 1796. »797 Debt reduced to /^. 3, 000,000, when it is fuppofed the Intereft on the Whole may be reduced to 6 per Cent. 1 80 1. Net RcK nue, as before Interell — Lid Yeafs Inteteft/ .280,000 ThiiYtar'. - . ;8-,ooo Saved £'.100,000 Add Goods 050-, 35-.000J ' Increafe of Dividend, 2 per Cent, on /, 5,000,000 New Capital of i,oo'^,o:o, at 10 per Cent. ^ Suppofed to reduce ihe Bond Debts to X.' -5^^.000. The Intereft on Bonds at prtfent is /. 12.8,000 ^.1,500.000 at 4 per Cent. — 6o,oco iMi Intereft on Bonds — ■■ ^ Encreafe by New Stock — ^•»»239»24 .+9' ,05c ■.3'9.24 .S3 .op '.359.H .571 .-5 1.399.^+ ,61 ,050 1.439. H .6$ ,o;o 1.+79.H .69 .05: i.5'9.H j^. 100,000 1,^19.24 1,619,24 ' 100,000 /■.1 3^.000 ^,500,000 Rcmai •■ , /•739. H< 775. 241 8.9,24. 879. H' 899. 24. 939. 2+1 979. 241 ..0.9, 241 I. ..9. 24. .,619 M' what faved o iltrtft of Bunds. /■•'39.H' 3.9.HI 3S9.H' 399.2+' 439.'+! 479. H' 5.9,24. 6.9,:4. ^..07,24. H' 227. H' 267,24, 307,241 347-24' 387,241 487,241 987,241 d ft! S5 UNIVERSITY OF CALIFORNIA LIBRARY Los Angeles This book is DUE on the last date stamped below. Form L9-32m-8,'58(5876s4)444 UNIVERSITY OP CALICO AT LOS ANGELES LIBRARY Tund;^ t; _ A2F2 Heads of tbe ^"^3 3peech...th^ 683 Affairs of the ^ast India Co. UC SOUTHER', -; J A 000 017 760 DS A2?2 1793 V.3 .'^' ^rv -z