D 8 2 8 1 Z SOUTHERN REGIONAL LIBRARY FACILITY % ■ ■ - H w ?wm SIR C. OAKELEY'S SERVICES IN INDIA, &c. as K \ -*, 9r++?S V - ^t_ <*- 6U.756.7 7" pounds sterling. 9 assignment, at that period, consisted in its enabling government both to secure the pro- duce of the country, and to receive it in such articles as were best adapted to the exigencies of the service. The conduct of the committee, throughout this important undertaking, was honoured by strong and repeated marks of approbation from their own government, and by the public thanks of the Governor-general and Council of Bengal.* After the surrender of the assignment, Mr.Oakeley was appointed superintendent of the Company's Jaghire lands ; and, in April 1786, was placed by the late Sir Archibald Campbell, then Governor, at the head of the board established by him for the collection of all the revenues under the Presidency of Madras. In the first year's management of this new institution, the receipts, which had, in the preceding year, amounted only to pa- godas 14,72,128, were increased to pagodas * It was also complimented by Mr. Burke, in the speech before referred to: " This committee," he says, " was wisely " instituted by Lord Macartney, and it seems to have been " well chosen." And again, (speaking of the results of their measures) : " For realising all this, you may value " yourselves on the vigour and diligence of a governor " and committee that have done so much." — Edit. 10 18,22,975. 1'efore the second year's col- lection was completed, Mr Oakeley found himself under the necessity of preparing, on account of his family affairs, to return to Europe. 1 le resigned his employment, there- fore, and embarked in February 1 />>;). A few months after his arrival in this country, it was intimated to him, that if he wished to visit India again, he should be recommended to the Honourable Court of Directors for the succession to the govern- ment of Madras. His rank in the service ;il that time being near thirty below council, so marked a distinction was equally flattering and unexpected : yet, as he had now retired, with his family, after a residence of two and twenty years abroad, he felt no inclination whatever to embark again in a distant scene of employment ; nor did he entertain such a confidence in his own qualifications as to suppose them adequate to so difficult an undertaking. These objections were urged, with great respect, on his part, but yielded, at length, to the very handsome manner in which the offer was made, and the ample assurances given him of protection and sup- port, in the event of his acceptance.* He * It was, doubtless, not a little gratifying to my father to know that Mr. Pitt, who was then at the head of His 11 was appointed, in April 1790, to succeed General Medows, as governor of Fort St. George;* and, as this appointment took place in consequence of a request from Lord Cornwallis to be relieved in the office of Governor-general of Bengal, and the nomi- nation of General Medows for that purpose, the arrangement opened to him the prospect of an immediate succession on his arrival at Madras. But, in the interval between his appoint- ment and embarkation, advices were received of hostilities committed by Tippoo Sultaun Majesty's government, concurred in selecting him for this important station ; and to be informed by a letter, of which the following is an extract, of the estimation in which his past services were held by that illustrious statesman. (The letter was from Sir Richard Hill, bart. M. P. for Shropshire, and was written to my father soon after his acceptance of the appointment.) " Mr. Pitt wished much to have the " pleasure of meeting you, and spoke of your merits and " services in such terms as could not but be highly flat- " tering to your representative, and caused me still more " to rejoice in an appointment, at once so honourable to " yourself, and so advantageous to the public." He had afterwards the satisfaction of becoming personally ac- quainted with Mr. Pitt, at the house of Mr. Dundas. — Edit. * His Majesty was pleased at the same time, in appro- bation of his services, to advance him to the dignity of a baronet, and he was gazetted as such on the 5th of June following. — Edit. 12 against llie Rajah of Travnncorc, the friend and ally of the Carnatic. This event, it w;is supposed, would detain Lord Corn- wallis some time longer in India, and, <>f course, postpone the vacancy at Madras. Sir Charles Oakeley, therefore, was placed as second in council at that Presidency,* with authority to take charge of the government on the resignation, or departure, of General Medows. He arrived at Madras on the 15th of October 1790, and found that the expect- ed rupture with Tippoo Sultaun had com- menced some months prior to that period. Lord Cornwallis, with a view to reduce the overgrown power of the Mysore chief, had engaged the Soubah of the Decan, and the Mahratta government, to take part in the war; and General Medows had opened the campaign about the middle of June, as com- mander of the English forces; and was then employed at the distance of two hundred miles from the Presidency. The adminis- tration, in his absence, devolved upon Sir Charles Oakeley, and the Council at Madras; * He consented to this temporary arrangement, in order to prevent any embarrassment ; but he had previously been sworn in as Governor, and virtually went out in that ca- pacity. — Edit. 13 and the situation of affairs was such as to call forth all their exertions. The war had hitherto been successfully di- rected against Tippoo's southern provinces below the ghauts; but this was not the quarter in which any decisive advantage seemed to be expected ; and Tippoo had yet shown no inclination to trust his cause to the issue of a general action. Satisfied with plundering the country, which afforded subsistence to his own troops while it straitened the re- sources of his enemies, he availed himself of the superiority of his cattle, and the light- ness of his equipment, to shun a meeting which he had just reason to fear would be fatal to him. The General, on the other hand, confident in the superior valour and discipline of his army, was anxious to bring the war to that decision, from which he had every thing to hope ; but, notwithstanding all the efforts of his zeal, continued through a long and arduous pursuit, he found the at- tempt totally impracticable. In the mean time the wants of the army, as well as of every other department of the service, be- came pressing and extensive : the treasury was reduced to the lowest state, and the credit of the Company so completely ex- hausted, that their bonds at 12 per cent. 14 the highest legal interest, were at a discount of 5 per cent. Government had, indeed, permission to draw upon Bengal, to any amount : but the opportunities of profiting by this resource were precarious ; and, be- sides the enormous loss upon the exchange, which had risen to 410 Arcot rupees for 100 pagodas, the pressure of these drafts was particularly inconvenient to the finances of Bengal. In order to diminish this burthen, an attempt had been made, just before Sir Charles Oakeley's arrival, to raise money by a subscription loan, at 12 per cent, but, as the bonds, at this interest, were already de- preciated by a discount, and the expedient had no other support than the influence possessed by government over persons con- nected with the service, or deriving advan- tages from the Company's protection, it produced only a feeble relief, and could not be resorted to a second time. When public credit sinks under alarm, or misfortunes of any kind, a general want of confidence takes place, and the current specie is rapidly withdrawn from circulation. An artificial scarcity of money was among the difficulties experienced at this juncture; and, though the discount upon the Company's bunds still templed considerable speculation 15 in those securities, cautious men kept up their wealth, and were fearful even of show- ing that they possessed it, lest the influence of government should again be employed to borrow it from them. This want of specie which resulted from a want of credit to com- mand, and keep it in circulation, was not to be removed by fresh importations of gold or silver, had they been practicable, even to any extent; since the moment these new supplies had found their way, through the channels of public expense, into the coffers of individuals, the same scarcity, and from the same cause, must have prevailed again. The only effectual remedy seemed to consist in the restoration of public confidence, under which the precious metals never fail to ap- pear, and circulate with freedom through all the transactions of the community. Sir Charles Oakeley, and the Council, strongly impressed with this conviction, and sensible that all the pecuniary assistance they could derive from Bengal, or from Europe, would not enable them to meet the public exigencies without an essential improvement in their own internal resources, directed their efforts, principally, to that ob- ject. They soon found, notwithstanding the war, that several articles of expense might us be wholly retrenched, or considerably cur- tailed ; and that in the collection of the re- venues, material advantages might be drawn from a more economical and efficient admi- nistration. To improve the resources still further, Sir Charles Oakeley brought for- ward a proposition for requiring a subsidy from the Rajah of Travancore, on whose ac- count the war had commenced, and who had yet contributed nothing but the aid of a few troops towards its support. This subsidy, after due inquiry into the state of his re- venues, was fixed at ten lacks of rupees per annum, to take place from the period of Tippoo's attack upon his lines in January 1790, and to continue during the war. Ano- ther expedient, by which a material saving was made for the Company, and a very extensive, as well as seasonable, supply of specie added to the circulation of the coun- try, was the measure of giving currency to rupees, which were before considered as mere bullion, and purchased only by mer- chants in small quantities for exportation. As the supplies which came from Bengal and Europe were in silver, an immense loss must have been sustained, and much time required to convert it into pagodas by sale, according to the casual and limited demands of the 17 market : but, by fixing the value of rupees, and making them current, the whole of this silver was thrown into circulation at its full value. The benefit resulting from this mea- sure was most sensibly felt in all the trans- actions of the settlement, but particularly in the remittances of specie for the use of the army, which could not, otherwise, have been furnished to half the amount of its de- mands. The value of the rupees was fixed at the rate of 365 for 1 00 pagodas. Their price in the market, at that time, was about 380, and credit is taken accordingly for the dif- ference between the actual value and the market price, as a saving to the Company. But, if the whole of the silver received from Bengal and England had gone to market, it must have sold at a price very much below 380, because the quantity was far beyond the demand. The estimate of the saving there- fore is probably much under-rated by taking it at the actual price of rupees at the time the silver was received.* In order that these improvements might have a due effect upon the situation of public * The specific advantage arising from retrenchments of expense, and other acquisitions to the resources of this period, is shown by an account drawn out at the time, and inserted at the end of this narrative. C 18 credit, another measure was still wanting. The distress for money had hitherto obliged government to confine its payments to the immediate' calls of the army, and to post- pone the adjustment of all other claims, under the general promise of discharging them as soon as the state of the treasury would per- mit. A resolution was now taken to put an end to this discreditable practice by a regular payment of every demand upon the public ; and Sir Charles Oakeley has the satisfaction to reflect, that this resolution was strictly observed, with the single exception of his own salary ; which, from a belief that the forbearance would, at that moment, be of some use, he declined receiving until the conclusion of the war.* Lord Cornwallis, who had, during the first campaign, directed the objects of the war from the seat of the supreme government at Calcutta, deemed it expedient, at the close of the year 1790, to visit the scene of action himself, chiefly with a view to stimulate the allies to a more vigorous prosecution of the contest. His Lordship broughl with him from Bengal a large reinforcement of troops, * At the time when lie set this nohle example, he was ohliged to take up money for his own current expenses at 12 per cent. — Edit. 19 and supplies of every kind ; and having taken the command of the army in person, he opened the second campaign, on the 5th of February 1791, by a rapid movement to- wards the enemy's country. His first operation commenced with the siege of Bangalore, which was taken by as- sault on the 21st of March. This capture placed his Lordship in a situation to facilitate the approach of the allies ; and the Soubah's army, in consequence, joined him on the 7th of April. The present moment appear- ing favourable for an attempt upon the enemy's capital, preparations were made for that purpose ; and his Lordship, having sent instructions to hasten the arrival of the Mah- ratta army, proceeded, himself, towards Seringapatam on the 3d of May. The march was, unexpectedly, impeded by in- clement weather, and the unfavourable state of the roads. A considerable mortality pre- vailed among the cattle ; and the public stock of provisions was so much exhausted as to threaten a total failure in that essential article of supply. On the 15th of May, his Lordship obtained a complete victory over the enemy near Seringapatam ; but the Mahrattas having failed to advance accord- ing to appointment, and the distresses of the c2 20 camp being now arrived at a most alarming height, no resource was left but to return immediately to Bangalore. A painful but necessary resolution now took place. From the weak and reduced state of the cattle it became utterly impracticable to move the battering train, with several other heavy articles of equipment. These were, therefore, destroyed, to prevent their falling into the enemy's hands ; and his Lordship quitted his encampment near Seringapatam on the 26th of May. The army now stood in need of a com- plete refit ; and the demands, on this account, for money, for stores of every kind, and above all, for draught and carriage cattle, rendered it a task of peculiar magnitude and importance. Lord Cornwallis himself seemed fully aware of its extent ; and, in addressing the Madras government upon this occasion, after stating the severe distresses to which the army had been exposed, and the urgency of its present wants, he judged it expedient to charge that government, upon its responsibility, with the execution of a measure on which the fate of war now so essentially depended. Happily, at this period, a very material improvement had taken place in the internal 21 resources of the Presidency. For some time past the government had been able, from its own proper means, to bear so large a pro- portion of the whole burthen of the war, that a considerable part of the pecuniary supplies which had come from Bengal was reserved, and now ready to meet this extraordinary call. There were then, actually, in the trea- sury, near forty lacks of rupees, besides a consignment of silver from England, which had just arrived, and which was afterwards increased to ,£.500,000. The demands of every department had been fully and punctu- ally discharged, and the credit of the Com- pany was so far re-established, that their 12 per cent, bonds, which were lately at a discount of 5 per cent, now bore a premium. Instead, therefore, of feeling any unea- siness at the serious call made upon them by Lord Cornwallis, the acting Governor and Council entered on their task with all that assurance of success which their resour- ces were well calculated to inspire. In these exertions they were so ably seconded by the zeal and diligence of their several officers, that the various articles of supply were fur- nished earlier in point of time, and more, abundantly in point of measure, than his e 3 Lordship, as he declared himself, had been sanguine enough lo expect. Independently of ample remittances of money for the use of his own army, a very large and seasonable loan was supplied for the accommodation of the Mahrattas who had then lately joined him. Abundance of grain was laid up on the western frontiers of the Carnatic ; and, in the article of draught and carriage cattle, (the most necessary, as well as the most diffi- cult to be procured,) instead of 20,000, the number applied for, the number provided was 33,000, besides 10,000 sent across the peninsula for the equipment of the Bombay army, which was preparing to co-operate with his Lordship in the ensuing campaign. 'The letters from Lord Cornwallis, at this juncture, afforded a pleasing testimony of his satisfaction ;* and it was a circumstance * Nothing is more observable in this narrative, than the modesty with which it is drawn up. The letters of Lord Cornwallis express feelings far stronger than "satisfac- tion." See pages 70, 71, 72,73. That illustrious individual took every occasion to do justice to my father's services, and Id acknowledge how greatly his administration contributed lo the success of this war. He continued to honour him with his friendship to the end of his glorious life; and, in his private letters, many of which are now before me, he uniformly addressed him in the most gratifying h rms ■ 1 < Item and regard, lit one of them, dated May 1803, he 23 particularly gratifying to the feelings of the Madras government, that it was now able to furnish money sufficient for every purpose, without drawing upon Bengal. The relief thus given to the finances of that country, was attended with the important advantage of reducing the enormous exchange between the two Presidencies, which fell, in conse- quence, from 410, to 375 Arcot rupees for 100 pagodas. Lord Cornwallis made his second move- ment towards Seringapatam, in January 1792, and, having previously reduced several im- portant posts for the security of his com- munications, and taken every necessary precaution to ensure ample supplies of pro- vision, his future operations were crowned with uninterrupted and complete success. It is not within the scope of this Narrative to enter into any detail of these brilliant transactions. Suffice it to observe, that Tippoo, being a second time defeated under the walls of his capital, and seeing no safety but in absolute submission to the clemency of his conqueror, made pressing overtures for thus refers to the events recorded in this part of the Nar- rative. " I shall ever be happy to bear testimony to your very meritorious conduct during the time that we acted to- gether in India."- — Edit. c 4 24 an accommodation. Peace, in consequence, was granted to him on the 17th of March, upon condition of ceding to the allies one half of the territories he possessed before the war ; paying three crores and thirty lacks of rupees, or 3,300,000 pounds ster- ling; and giving two of his sons as hostages* for the performance of these engagements. Tims ended this long and difficult contest, on terms of great advantage to the confede- rate powers ; and in a manner which re- flected the highest honour upon the talents of Lord Cormvallis, and on the valour and discipline of the whole army under his com- mand. In reviewing the transactions of I hat period, however, it cannot but be ob- served, as a striking proof of the difficulty al lending the movement and subsistence of great armies on the peninsula of India, that, with all the resources of the British govern- ment, aided by powerful alliances, and directed by superior military skill and ex- perience, it required no less than three campaigns to subdue the efforts of a single prince ; formidable, indeed, in point of strength, but certainly no match for the * These hostages were consigned by Lord Cornwallis to my father's care, and resided at Madras, under his super- intendence. — Edit. 25 confederate armies, whose united force, in the field, consisted of not less than 11,000 European, and 72,000 native, troops, with 170 pieces of cannon. General Medows, who had served in his military capacity during the whole war, re- turned to Madras as soon as peace was con- cluded, and, shortly afterwards, embarked for Europe. Sir Charles Oakeley now suc- ceeded to the full possession of that office, which he had so long administered as pro- visional governor; and the first object of his attention was to improve the credit of the Company, by relieving them of some part of their debts, and lowering the general rate of interest. There were, at that time, out- standing, in 8 per cent, bonds, granted chiefly before the war, 16,51,277, pagodas, and in 12 per cent, bonds, issued entirely since the war, 6,66,463 pagodas. Having the means in his hands of liquidating the 12 per cent, debt, he began by advertising the bonds for payment according to priority of date. Many of the creditors, in conse- quence, expressed a wish, rather than be paid, to receive bonds for their money at 8 per cent. This was granted in order that government might reserve as large a sum as possible, to be applied afterwards to the 8 per 20 cent debt. Sir Charles Oakeley hoped, by these means, to effect a still greater reduction in the rate of interest, and he was not dis- appointed. When the 12 percent, debt was completely liquidated, he took up successive portions of the 8 per cent, bonds, according to priority of date. Mere similar appli- cations were made, as in the former instance, for leave to exchange these bonds for pro- missory notes at 6 per cent. Some of the creditors chose Bengal bonds, or bills on Europe, agreeably to the permission, then in force, for the transfer of the Indian debt. By granting these applications, and still reserving sufficient funds to pay all who desired to receive their claims in money, the whole eight per cent, debt was soon ex- tinguished, and a sum of five or six lacks of pagodas only left outstanding in promissory notes at 6 per cent. This operation was effected by a sum of money comparatively small ; and its influ- ence upon the Company's credit was so favourable, and, at the same time, so rapid, that, although the interest had been reduced, in the course of a few months, from 12 to 6" per cent, the promissory notes bore a pre- mium as soon as they were issued, which gradually rose to 2i per cent. Numerous 27 applications were now made for leave to pay money into the treasury; and government itself received the premium upon such sums as it chose to take at this reduced interest. Here the measure of satisfaction was com- plete. The resources of the Company had carried them through the pressure of a long and complicated war, not merely without distress, but with a degree of credit rising under the increased weight of the public de- mands : and, at the peace, instead of feeling weakness from their exertions, they were able to add new efforts for the sake of an object of so much importance as the re- duction of interest, which had become, from its exorbitancy, a severe burthen, both on their finances, and their credit. After the peace with Tippoo Sultaun, the Madras resources were powerfully aided by the stipulated payments of that chief, amount- ing to near thirty lacks of pagodas. As the war had left no arrears behind it, this sum came seasonably in support of various extra demands, which occurred in the years 1792, 1793, and 1794. Besides the advances made in discharge of the debt, the following speci- fic services were provided for : First, a gra- tuity of six months' batta, given by Lord 28 Cornwallis to the British armies serving in the Mysore country at the conclusion of the war, amounting to pagodas 6,10,438. Secondly, a further payment to the Madras army, of pagodas 3,66,377, in consequence of a similar donation from the Court of Directors. Thirdly, the extra expenses of an expedition against Pondicherry in 1793, amounting to pagodas 4,32,608. Fourthly, a remittance of five lacks of pagodas, in specie, to Bengal, in September 1793. And lastly, the advances on account of the invest- ment, which amounted, between the 30th of April 1792, and the 7th of September 1794, when Sir Charles Oakeley quitted the govern- ment, to pagodas 20,85,609- The sum total of these extra disbursements is, pagodas 40,01,032. The peace of Seringapatam was followed by no political event of importance, except the capture of Pondicherry, which took place in the month of August 1793. On the 2d of June, that year, intelligence was received at Madras, of a declaration of war, on the part of France, against England and Hol- land. Preparations were instantly made for the attack of Pondicherry, and the army was assembled before that fortress, with 29 every necessary equipment for the siege, early in August.* It afforded a pleasing evidence of the vigorous state of the resour- ces at this period, that the government was enabled to make so prompt and efficacious an exertion, without the smallest strain upon the public credit ; and to follow it, immedi- ately, by a remittance, in specie, to Bengal, of five lacks of pagodas. Sir Charles Oakeley resigned his govern- ment to Lord Hobart, on the 7th of Sep- tember 1794 ; and, upon his arrival in this country, was complimented by the unani- mous thanks of the Honourable Court of Directors for his conduct. * The Madras government, it will be observed, had the whole merit of planning, upon its own responsibility, and carrying into execution, this brilliant and decisive measure. My father received the intelligence of the war with France by an overland dispatch, and immediately directed the expedition, without waiting for instructions from England. Those instructions arrived some weeks after the place was taken. — Edit. 30 ABSTRACT ACCOUNT of Reductions in the Expehsb, ami Additions made to the Revenue <>f the Madras Government, from the 15th of October 1790 to the 15th December 171)1. REDUCTIONS, &c. FIXED. ANN I A I.. Pag. f. c. Pag. /• c. Reduction of expense in the I'ust 6000 - - Sibbendy Paymasters struck riff . S1S0 - - Deputy Civil Storekeeper ditto - 720 - - Inspector of Warehouses ditto - 720 - - Reduction in Wareliousc-hirc - - 1500 - - Paymaster at Guntoor struck off - 1040 10 40 Reform in the Military Storekeeper's department, by which there is an estimated saving in the war expen- diture of stores, calculated on the provision of last year - - •;; t,.iito 21 47 Presents of Hrocd Cloth to natives on New-year's day, discontinued - 1262 27 — Reduction in the establishment at 4968 27 60 Remissions allowed to the Rajah of Tanjore by the late governor, M 1. 1 lollond, now written bai to his debit, on the ground ol their having been granted without suffi- cient cause - 2,00,000 Carried forward - 2,60,000 1 1 67 The actual saving in the lir-.( Mar, compared with that preceding, (both yiar* of war,) was no li ss than pagodas 1,73,036 10 59. 31 REDUCTIONS, fix. Broueht forward - - Deputy Commissary struck off, pagodas per annum - 1200 Deputy Comptroller ditto - 1000 2-200 Deduct for one assistant allowed ... 360 Reduction in the Export warehouse establishment - Reduction in the Import warehouse establishment - • - Saving to the Company on a remit- tance of silver from Bengal, by fixing the value of rupees, and bringing them into the currency of Madras. Vide General Letter to the Court of Directors, dated the 15lhof April 1791 - The charge of 5 per cent paid by different officers of the Company to the Sea-gate register for selling the public stores by auction, dis- continued ; but, as the saving can- not be accurately ascertained, no credit is here taken for it. Saving, by charging the Commis- sion Fund with certain allowances to collectors which were before paid separately. Vide General Letter 15th of April 1791 - Saving, by the abolition of the com- mittee appointed to investigate the charges on account of the King's troops, and directing that business to be executed by the Company's Paymaster General - Carried forward FIXED. .ANNUAL. Pag. f. c. 2,60,000 - - 1,00,000 3,60,000 - - 1,03,912 14 '? 1840 - 3000 - 2400 - 35,000 - 20T6 - - 1,48,228 14 67 32 REDUCTIONS, &c. FIXED. ANNUAL. Pag. f. c. Pag. /• r. Drought forward - - 3,00,000 - - 1,I!1,'-'VH 1 I 67 Redaction in the Chief Engineer's 1176 - - Ollicc of Superintendent of the market! abolished ... - 1000 - - Si avenger's emploj discontinued, and the business done by contract - 1300 _ Civil Storekeeper's employ discon- tinued, as unnecessary . 1616 - War subsidy settled with the Rajah of Travancore, to commence from the 9th of January 1790, at ten lacks of rupees per annum - 8,73,978 Increase of revenue on the privilege of retailing beetle and tobacco at Madras ----- - 30,000 - Saving on a remittance of silver from England, by fixing the value of rupees, and bringing them into the currency of Madras - - - 60,000 - - Subsidy settled with the Rajah of Cochin, first year 70,000 rupees ; second year 80,000; third year 90,000 ; fourth year, and every year afterwards, 100,000 . » ,397 - _ Total Pagodas - - 1. '.'0,000 •1, It 1,689 14 67 *11 An Abstract Account of the Revenues, Charges and Bonded Debt, at Fort Saint George, during the period of Sir Charles Oakelet/'s administration ; taken from the Statements laid before Parliament. YEARS. REVENUE. CHARGES. SURPLUS Or Deficiency of Revenue. Star Star Star Pagodas. Pagodas. Pagodas. — — 1790-1 - 40,90,384 66,03,997 Net Charges - . 25,13,613 1791-2 - 71,89,446 84,88,203 Net Charges - - 12,98,757 1792-3 - 61,90,775 53,50,767 Net Revenues 8,40,008 1793-4 - 52,75,223 48,13,744 Net Revenues 4,61,479 BONDED DEBT Principal Star Pagodas. April 30 - 1791 - 26,31,000 January 31 - - 1792 - 25,89,237 April 30 - 1793 - 17,52,545 April 30 - 1794 - 4,67,303 54 OBSERVATIONS. THE two entire years, 1790-1, and 1791-2, were bur- dened with the heavy charges of a war against Tippoo Sultaun, of which the operations, and particularly those of 1791-2, were distant, complicated, and extensive. The resources, however, were, in some degree, aided, the first year, by the assumption of the Carnatic and TanjOre Revenues ; and more fully, in the second, from this source, as well as by the payment of pagodas 14,8(>,C>27, in part of the treaty-money received from Tippoo Sultauu at the peace of Seringapatam. Hence the net charge of 1791-2, a most trying year of war, was only pagodas 12,98,757. In 1792-3, the Carnatic revenues were restored to the Nabob, and a new arrangement concluded . for his proportion of the military expenses in time of peace. This circumstance, together with a short payment made by Tippoo Sultaun on account of his Kists,* affected the receipts; and the military charges, on closing the war, proved somewhat higher than had been estimated ; yet, from a general and considerable reduction of charge, amounting to pagodas 31,37,436, the net revenues this year were pagodas 8,40,008. Mr. Dundas, in stating the finances of 1792-3 to Pailiament, observes with respect to Fort St. George, — " The accounts from this Presidency " are, upon the whole, very satisfactory. For, although " the drought in the Circars occasioned a considerable * Pagodas 4,82,054, instead of pagodas i4,8o',2Co. The defic iency was made up in the following year. 35 " defalcation of the revenue in the last year, below what " was expected ; yet, in other instances, the revenues " exceeded the estimate ; and the charges in general " were regulated with a due regard to economy. " The result, therefore, on the whole, presents a more " favourable statement of the affairs of this Presidency " than many I have formerly brought before the Com- " mittee." In another place he says, — " Upon the whole " of this account it appears, that by the improved state " of the Guntoor Circar, and the accession of the countries •' ceded by Tippoo Sultaun, the revenues of this Presi- *' dency are, at length, more than adequate to its " expenses."* In 1 793-4, the assumed revenues of Tanjore were re- stored to the Rajah ■ and the peace arrangements of subsidy made with him, and with the Nabob of the Carnatic, occasioned, of course, a considerable diminution in the receipts this year. Extraordinary charges, like- wise, were incurred in the military department, by the expedition against Pondicherry in 1 793, and by a donation from the Honourable Court of Directors to the army which had lately served in Mysore.f But, on the other hand, the revenues having been aided by the payment of pagodas 10,04,566 in full of the treaty money from Tippoo * See heads of the Right honourable Henry Dundas's speech, the 4th April 1794. The average net charge for three years preceding the war (1787-8, 1788-9, and 1789-90), was pagodas 7,99,096. I The charges attending the expedition against Pondieheny, amounted to pagodas .... 4,32,608 Additional donation and Prize-money ordered by the Court of Directors ... 3,66,377 Pagodas - - 7,98,985 36 Sultaun ; and the charges, upon the whole, being less than in the former y par . by pagodas 5,37,023, a net revenue was produced of pagodas 4,(11,479. VVitli respect to the bonded debt, it must be observed, that of pagodas 26,31,000 at which it stood in April 1791, pagodas 17,06,345 were on bonds at 8 per cent, and pagodas 8,78,760 on bonds at 12 per cent. The rest (pagodas 45,895) was on deposits at 8 and 6 per cent, and the annual interest on the whole debt amounted to pagodas 245,712. Immediately after the conclusion of the war with Tippoo Sultaun, the Government of Fort St. George began to discharge the bonded debt ;* and, by payments and transfers, succeeded so far, that, in April 1794, the prin- cipal was reduced to pagodas 4,67,303, of which the greatest part (pagodas 3,21,170) was in promissory notes at 6 per cent, and the annual amount of interest on the whole debt was pagodas 30,280. The promissory notes, at the time Sir Charles Oakeley resigned his government^ in September 1794, bore a premium of 2 J per cent, which the Company themselves received on issuing the notes. CO. * The definitive treaty of peace with Tippoo Sultaun was signed on the 18th March 1792 ; and the letter from Madras, of the 25th May 1792, advises that pagodas 4,85,000 of the 12 per cent bonds had been paid off. To assist this operation, pagodas 90,000 only were borrowed at 8 per cent. See Ap- pendix (B.) to the heads of Mr. Dundas's Speech, 25th February 171)3- OFFICIAL LETTERS, &c. d3 OFFICIAL LETTERS, &c. &c. Extract of a General Letter from the Governor and Council oj' Fort St. George, to the Honourable Court of Directors, dated iQth January 1773. Par. 53. WE have appointed Mr. Charles Oakeley, who before acted as sub-secretary, to succeed Mr. Goodlad in the office of se- cretary. His great assiduity, and promising- abilities, give us all reason to hope, and be- lieve, that he will not fill it with less applause than his predecessor. Extract from the Minutes of Consultation, dated i6lh of May 1777. FROM the favourable opinion which the Board entertains of Mr. Charles Oakeley, who has shewn great assiduity and capacity, during a service of near five years, as secre- tary to the civil department, and in every other respect acquitted himself to the satis- d 4 40 faction of the board, it is agreed, that he do take charge of the employs of secretary to the military department, judge advocate general, and translator. Extract from General Letter, per Hector, dated 'zd of Jul,, 1777. Par. 17. THE employs of secretary to the military department, and judge advocate general, having become vacant by the resig- nation of Mr. Sulivan, we appointed Mr. Charles Oakeley to succeed him therein. This gentleman's merit, we believe, is not unknown to your Honors, as he has long since been mentioned to you in a very favorable light ; and we cannot but acknow- ledge, that his assiduity and capacity, during a service of near five years, as secretary to the civil department, render him entitled to every mark of encouragement. True extracts, Charles Freeman, Acting Secretary. Extract of the General Tetter from the Governor and Council of Fort St. George, to the Honourable Court of Directors, dated \ith of October 1779. WE have also made an addition of 100 pagodas per month to the salary of the 41 secretary to the Select Committee, which we flatter ourselves will likewise receive your approbation. The business of this depart- ment has increased so much, and the atten- tion of the secretary is so entirely engrossed by it, that we are confident you will not think this allowance more than a reasonable compensation for his trouble ; and we have great pleasure in observing, that such an allowance cannot with greater propriety be granted than at present, when the conduct, abilities, and diligence of the secretary, Mr. Oakeley, so justly entitle him to a mark of our approbation. A true extract, H. A. Craig, Deputy Secretary. Extract from the Minutes of the Select Committee of Fort St. George, dated 1st of April 1780. THE President also takes this oppor- tunity of returning his thanks to the secre- tary, Mr. Oakeley, for his great assiduity, and attention, in conducting the business of his employ, and for the assistance he has received from him during his government. A true extract, H. A. Craig, Deputy Secretary. 42 Sir, I am directed by the Honourable the Pre- sident and Select Committee, to acknowledge the receipt of your Letter to them of the 26th instant, and to acquaint you, that your resignation of the offices of secretary, and judge adv r ocate general, hath been accepted of. The accompanying extract, which I am ordered to furnish you with at the same time, passed as an unanimous resolution of the Committee. I am, Sir, Your most obedient humble servant. It. J. SULIVAN, Fort St. George, Secretary. 28th November 1780. Charles Oakeley, Esq. Extract from the Minutes of the Select Co/nmiltec of Fort St. George, dated ijth of November 1780. THE Committee are extremely concerned that Mr. Oakeley 's ill state of health should have brought him to the necessity of resign- ing the office of secretary. They are fully sensible of his merit during the long and laborious attention which he has necessarily been obliged to pay to the duties of his station ; and as he is reduced by in- disposition only, to the necessity of rclin- 43 quishing his employ, as being too sedentary, they are of opinion, in justice to him, and as a reward for his long services, that some mark of their approbation should be con- ferred on him, whenever a suitable appoint- ment may become vacant. A true extract, H. A. Craig, Deputy Secretary. Extract of a General Letter from the Governor and Council of Fort St. George, to the Honourable Court of Directors, dated iQth November 1780. Mr. Charles Oakeley, our late secre- tary, having, from ill health, been reduced to the necessity of resigning his employs, Mr. Richard Joseph Sulivan has succeeded thereto, agreeably to your orders of the 3d of February 1780. Our sense of the ability and indefatigable attention of Mr. Oakeley to the laborious duties of his office, you have, in repeated instances, been ad- vised of. We have now only to add, that, in justice to him, and as a reward for his long services, we have a real satisfaction in recommending so valuable a servant to your future favour and protection. A true extract, H. A. Craig, Deputy Secretary. 44 Extract of a letter from the Right Honourable Jjord Macar/iit'i/, Governor of Madras, to Laurence Sutivan, Esq. Chairman of the Company, dated 29//1 of August 1782. THE times are too serious and critical to think of trusting the administration of your empire here in any other than the ablest and honestest hands. On this occasion I must beg leave to mention to you Mr. Oakeley, formerly secretary of the Council, and now president of the Assigned Revenue Board. His knowledge of business ; his particular talents for it ; his temper, and his high repu- tation in this part of the world, mark him strongly as a man whom it will be necessary to bring forward in any permanent arrange- ement of our affairs here. Extract from the Minutes of the Select Committee of Fori St. George, dated 315/ of May 1782. WE highly approve of the report of the Committee of Assigned Revenue,* contained in the above letter and statement. We hope that the just, distinct, and com- prehensive view which this report presents of the late disorder in the state of the public * This report is given entire in the Appendix, N°4, to Mr. Burke's speech on the Nabob of Arcot's debts; being referred to in one of the most splendid passages of that speech. Sec Burke's works, 8vo. vol. 4. — Edit. 45 revenue of the Carnatic, will evince the necessity of instituting a committee, in con- sequence of the powers given by his High- ness the Nabob to our President on behalf of the Company, for the purpose of suggest- ing such regulations in the collection, and such retrenchments in the expenditure of the public monies, as are necessary for deriving from the provinces, not in the actual posses- sion of the enemy, some resource towards the support of the war, and the relief of. public distress. We felicitate ourselves on having chosen for that committee, gentlemen, through whose knowledge, ability, and assiduity, such judi- cious arrangements have been formed, as promise, even at this unfavourable time, to produce a net revenue to government be- yond any former period ; and, at the same time, to give security to the renter against causeless removal, and to the inhabitants against cruelty and oppression. We are persuaded that this beneficial alteration in the system of finance in the Carnatic will be sensibly felt, and acknow- ledged, by our honourable employers; who, from their intimate connection and unity of interest with his Highness, and from the very large sums in which he stands indebted 46 to them, and to other British subjects, con- sider themselves deeply concerned io the state and government of the Carnatic ; and whose exigencies, occasioned by their exer- tions in the defence of the Carnatic, demand, and have a just claim to, every assistance the Carnatic can supply. We desire and hope, that the members of that committee will continue their care and attention to the progress and completion of this important business ; that they will con- sider of every means by which the country may be improved ; his Highness's revenues increased, without injustice to the people ; the people rendered secure in the possession of the fruits of their industry, and that in- dustry excited and increased. We, on our parts, promise to the members of the Committee of Assigned Revenue our most hearty support, and every encourage- ment which their labours and success de- serve. A true extract, (signed) Thomas Kingscote, Deputy Secretary. To Charles Oakeley, Esq. &c. Members of the Committee of Assigned Revenue. Gentlemen, I am directed by the Right Honourable the President and Select Committee, to furnish 47 you with the inclosed extract of a letter which they have lately received from the Governor General and Council, and to as- sure you, that it gives the Select Committee great pleasure to find that the gentlemen at Bengal so entirely concur in the sentiments they have always felt and expressed, of the zeal and ability which you have manifested in the discharge of the important trust re- posed in you. I have the honour to be, Gentlemen, Your most obedient humble servant, (signed) J. Hudleston, Fort St. George, Secretary. 23d August 1 782. Extract of a Letter from the Governor General and Council of Bengal, to the Governor and Council of Fort St. George, dated $th of July 1782. AVE observe with satisfaction the proceed- ings of the Committee of Assigned Revenue which you have transmitted to us, and highly approve the conduct of the members who compose it, for the great, attention and ability which they have shewn in the management of this business. We sincerely hope that the resources they expect to realize from the Carnatic, which are much greater than we 48 had any idea of, will be made good according to their estimate. A true extract, (signed) Thomas Kingscote, Deputy Secretary. Extract of a General Letter from the Right Honourable the Governor and Council of Fort St. George, to the Honourable Court of Directors, dated 5th of September 1 78-2. Par. 256. ON the 27th of May, the Com- mittee of Assigned Revenue delivered in the report and statement already mentioned, and they were soon afterwards taken into con- sideration. We request your attentive perusal of those papers, and of our minutes upon them. We trust, that from the able and upright conduct already shewn by the gen- tlemen of that committee in the management of the unconquered countries, you will draw the same conviction that we feel of the im- portance of the assignment, and the same auspicious omen of the advantages to be ultimately derived from it. 259. The Committee of Assigned Re- venue have, by indefatigable attention, de- veloped the abuses that existed under the Nabob's administration of the revenue, and actually made a reduction of 680,000 pagodas 49 in the annual expenses of half the Carnatic, and that without touching the revenue appro- priated to religious purposes.* Extract of a Letter from the Right Honourable the President and Select Committee of Fort St. George, to the Honourable Court of Directors, dated 10th of September 1784. Par. 99- BUT our hopes of a success in this, and every other purpose that concerns the retrieval of your affairs, and their sub- sequent prosperity, are involved in the fate of the assignment. To enable you the better to judge of the grounds of our anxiety on this subject, we send you a separate number in the packet, copy of an account which we have lately received from the Committee of Assigned Revenue, in which are stated the collections from the 2d of December 1781, being the date of the assignment, to the 13th of September 1784, amounting to pagodas 33,09,720 ; also a corrected copy of a com- parative statement of the revenues and ex- penses of the Arcot province, &c. assigned countries. 100. When you consider that during the late war, exclusive of all our garrisons from Ganjam to Cape Comorin, we kept three * The reduction of expense upon the whole of the assigned districts, was eleven lacks of pagodas per annum. E 50 armies in the field, whose force together amounted to upwards of 30,000 fighting men, with not fewer than 100 pieces of cannon, it will not appear extraordinary, that, not- withstanding the important aid thus derived from the assignment, our troops are ten or twelve months in arrears ; but it is a cir- cumstance that must naturally lead you to reflect, and ask, what would have been your situation without the assignment; and how you would pay those arrears, discharge your bond debts, or maintain half the force neces- sary for your defence, after it shall have been surrendered. 101. You will observe the collections stated in the account have been made chiefly during the war, and while the western pro- vinces of the Carnatic were in possession of the enemy, or ravaged by his troops. Peace being now restored, and many of the inha- bitants returned, and returning from the Mysore country, or places where they had taken shelter, those provinces will again become productive ; and, if continued under the management of Mr. Oakeley, and the Committee of Assigned Revenue, we doubt not they will, in a few years, recover their former value. A true extract, (signed) John IIudleston, Secretary. 51 Extract of a General Letter from the Right Honourable the President and Council of Fort. St. George, to the Honour- able Court of Directors, dated Qt/i of February 1 785. Par. 74. WE have just received a letter from the Committee of Assigned Revenue, accompanying their proceedings now trans- mitted to jour Honourable Court, with a statement of gross revenue collected, and an account of nett receipts, since the com- mencement of the assignment. 75. We send a copy of this letter a num- ber in the packet, as it will afford much in- formation to you respecting the present state of the countries under the Committee of Assigned Revenue; and will bear ample testimony to their able management, which has, from the time of their taking charge to the present hour, claimed our perfect ap- probation. We trust that a review of their proceedings will produce similar sentiments on the minds of your Honourable Court. A true extract, (signed) John Chamier, Acting Secretary. E 2 52 ( opy of a Letter from the Governor General and I '■ouncilof Bengal, to the Governor and Council of Fort St. George, dated -291/1 of March 1785. To the Right Honourable George Lord Macartney, President, and Council of Fort St. George. My Lord and Gentlemen, WE have been honoured by the receipt of your letter of the 17th ultimo. The papers transmitted with it from your Committee of Assigned Revenue, have afforded us the greatest satisfaction. The summary of their proceedings is ably and well detailed ; and exhibits to us, with the statements accom- panying it, the clearest evidence of the attention of your committee to the interests of the Company, and of the faithful discharge of their public duty, for a period of three years. We are sensible of the difficulties with which they have had to struggle, in realizing the collections of the Carnatic, and in obtaining the increased resources which their labours have produced to the supply of the public necessities; and we have much pleasure in observing, that the opinion which we expressed of their conduct, so long ago as on the 4th of July 1?B2, has had the good consequence of encouraging them, in aid of the support which they have received from your Presidency, to exertions of so advan- 55 tageous a result to the public service. The delicacy and propriety of their management, in not interfering with any religious esta- blishments, public pensions, or charity allow- ances on the countries of the Carnatic, do them indeed much credit. Wishing to encourage merit, whenever, and at whatever Presidency it may be testified by the servants of the Company, we request that your Lordship, &c. will do us the honour of conveying our thanks to the President, &c. members of the Committee of Assigned Re- venue, for their conduct ; and, as a further testimony of our particular approbation of it, we beg leave to recommend it to you, to reward the services of these gentlemen with liberality, for the encouragement of the other servants on your establishment who may be employed in offices of responsibility and trust. We hope that the salary or commission which the Court of Directors may establish for their subordinate chiefs andcouncilsunder your Presidency, in consequence of the new Act of Parliament, and, particularly the re- straining clauses, which confine such Chiefs and Councils to the authorized allowances of their respective situations, will not be deemed an improper compensation for the labours £ 3 54 of the president and members of the com- mittee ; and we accordingly submit to you, whether the same might not be granted to them for the period during which they have severally acted in their offices. We have the honour to be, My Lord and Gentlemen, Your most obedient and most humble servants, (signed) John Macphekson, John Stables, Charles Stuart. Fort William, Secret Department, March 29, 1785. A true Copy, W. C. Jackson, Deputy Secretary. Extract of a Letter from the Rig/it Honourable the P re- silient and Council of Fort St. George, t» the Honourable Court of Directors, dated 20th of May 1 785. Par. 70. WE transmitted to the Governor General and Council of Bengal, a copy of the report from the Committee of Assigned Revenue, which was forwarded to you by the ' Pigot,' in February last. As this report, with the books and accounts that accompanied it, contained the most unequivocal testimony of the benefits derived from the assignment, and demonstrated the great superiority of the 55 Company's management, we were happy, by the means of such authentic documents, to dispel the doubts which the Governor General and Council had invariably entertained and expressed upon the subject ; and you will accordingly observe, by the letter from them, dated the 29th of March, in reply to this com- munication, that they have acknowledged, in the amplest manner, the force of this convic- tion, and bestowed the highest praises upon the Committee of Assigned Revenue, for their able and disinterested conduct in the execution of the trust reposed in them. 7 1 . They have strongly recommended, that the president and members of that committee should be allowed for the time they have acted in the management of the revenues, the same commission or advantage that you may establish for your chiefs and councils em- ployed in the receipt of your revenues at the subordinate settlements ; and, though we do not think ourselves at liberty to come to any determination on the subject, we esteem it our duty to support the recommendation with your Honourable Court ; and to observe that the particular services of those gentlemen, in a very delicate and important trust, entitle them to the highest rewards those services merit. 56 Copy of a Letter from the Honourable (lover/tor and Council of Fort St. George to Charles Qakeley, Es(j. Sir, WE have thought proper to appoint you to be Superintendent of the Honourable Company's Jaghire; and, having annulled the ippointment of the Committee of Assigned Revenue, we desire you will receive charge of all public papers from them, which have any relation thereto. You will keep a diary of your proceedings, which must be regularly laid before us, from time to time, and we also enjoin you to be very careful in com- municating with us on every material point of your duty. We have invested you with so important a trust, as the management of the Jaghire, from a confidence in your ability, diligence, and integrity ; and, as a compensation for the services expected from your appoint- ment, we have agreed that you shall draw the same salary as was allowed you whilst President of the Committee of Assigned Revenue. We have appointed Mr. Richard Dighton to be resident in the Jaghire, under your di- rections, and Mr. Landon to be your clerk. 57 These gentlemen are to draw the same al- lowances which were annexed to their late appointments. We are Sir, Your most obedient servants, (signed) Alex. Davidson, John Dalling, James Daniell. Fort St. George, 18th October 1785. Extract of a Letter from the Honourable the President and Council of Fort St. George, to the Honourable Court of Directors, dated \ith of January 1786. Par. 82. WE have received a letter from the late Committee of Assigned Revenue, accompanying their books and proceedings ; and adding some statements and observa- tions which they thought necessary, in order to convey a correct knowledge of the whole progress of the assignment. 83. As this letter contains much informa- tion respecting the revenues of the Car- natic, and is an additional testimony of the ability with which the late committee have conducted the important charge entrusted to them, we have sent a copy of the letter, with its enclosures, as numbers in the packet. 58 Extract of a Letter from the Honourable Sir Archibald Campbell, Coventor of Madras, to the Right Honourable Henry Dundas, by the Ranger Packet, in October 17KG. I thought it my duty to bring Mr. Oake- ley forward as the efficient member for ma- naging the Board of Revenue, and J am now so well satisfied with his conduct in that, and every other respect, that I do assure you I know not any person whose assistance I would so anxiously wish for at the council board. He is a man of great knowledge in all the Company's affairs ; joined to which, he possesses those manners and talents best calculated to forward public business with ease to himself and with satisfaction to others. Permit me, therefore, to recom- mend Mr. Oakeley to your friendship. You will find him a treasure as a member of this government. Extract of the General Letter from the Honourable the Governor and Council of Fort St. George, to the Honour- able Court of Directors, dated \jth of July 1787. Par. 83. THE Board of Revenue bavin? this day reported to us an account of their most material occurrences since the 20th of February last, we have the honour to trans- mit a copy thereof a number in the packet. 84. By the abstract of gross receipts therein stated, from the 1st of May 1786 to 59 the 30th of April 1787, you will perceive that they amounted to no less than pagodas - 18,22,975 18 12 The collections of the pre- ceding year amounted only to - - - 14,72,128 16 78 Surplus, being the increased of collection during the L, ^ -. . . first year's management/ ' of the Board of RevenueJ 85. This abstract might, of itself, be suffi- cient to prove the essential advantages arising to the Honourable Company from the insti- tution of the Revenue Board, which will appear more conspicuous, when you are pleased to advert to the great loss sustained by the short crops of the Jaghire, from almost an entire failure of rain during the course of that season. 86. Under these circumstances it was not possible that the collections could have been increased to so considerable an extent, had not the indefatigable intention of the junior members of that board* been exerted in a very singular degree. The abilities of those gentlemen, when members of the committee of the Nabob's assigned revenue, you are * The President was a Member of the Council. 60 already so well acquainted with, that we shall, at present, content ourselves with expressing to your Honourable Court, our hearty appro- bation of their conduct. Extract of a Letter from the Hoard of Revenue to the Honourable the Governor in Council, dated 2fjth of Fe- bruary 1788. WE have herewith the honour to transmit a letter from Mr. Oakeley, of to-day's date, requesting your permission to resign his seat at this board. In forwarding his address upon this subject, we cannot but express our regret at the loss of so able and useful a member of our board ; and we should be wanting in justice to Mr. Oakeley's distinguished merits, if we omitted to embrace the occasion it affords us of bearing our sincere testimony to the zeal, diligence and ability, he has ever manifested in aiding the management of this extensive and important department of the Company's affairs. Extract of a General Letter from the Honourable the Governor in Council of Fort St. George, to the Honourable Court of Directors, dated 1st of March 1788. Par. 88. WE have complied with the re- quest of Mr. Oakeley, for permission to resign his seat as a member of the Board of 61 Revenue, under the intention of proceeding to Europe. 89- The gentlemen of this board who en- closed to us Mr. Oakeley's letter, expressed their regret on the loss of so useful a member ; and took the occasion of bearing testimony to his merits, in aiding the management of that important department of the Company's affairs. 90. The qualifications of this gentleman during the length of time he acted as secre- tary at this Presidency, and afterwards, as a member of the Committee of Assigned Reve- nue, have been frequently noticed by this go- vernment in terms of the highest approbation. It therefore only remains for us to mention to your honours, that he has displayed the same useful talents whilst a member of the present Board of Revenue, and our full con- viction that his conduct has been regulated by principles of integrity, and a zeal to pro- mote the prosperity of your affairs. 91. Impressed with these sentiments, we most earnestly recommend Mr. Oakeley to your particular attention ; but such a course of meritorious conduct and services will, we are confident, ensure to him some distin- guished mark of your favour. m Copu of a Letter from Mr. Charles Oakelet/ to the Honourable the Coventor in Council, dotal i;}th of January 1789. To the Honourable Major General Sir Archibald Campbell, Governor in Council of Fort St. George. Honourable Sir, WHEN I desired permission to relinquish my seatat the Board of Revenue, 1 mentioned, that the situation of my family affairs would soon compel me to solicit your further indul- gence; and 1 am now pressed, by the urgency of this call, to request leave to embark for England on the Manship. It is a duty, no less pleasing than neces- sary, at my departure, to express the just sense 1 entertain of the honourable approba- tion bestowed upon my conduct in the several stations I have held under the Presidency. Such approbation constitutes my best reward ; and I feel it particularly grateful in that pari of my service which was employed in the col- lection of the public revenues : yet, upon one point, I am happy to justify the favourable opinion of my superiors, by evidence more solemn and conclusive than any that appears on the records. As President of the Com- mittee of Assigned Revenue, I was joined with my colleagues in the management of the Carnatic revenue during the late invasion. The trust became more important from the 63 circumstances of the time ; but having been conferred without any restrictive oath, it is my wish, before I leave India, to afford the same satisfaction for my conduct in that em- ployment, which the law now requires from every collector previous to his entering on the charge. The enclosed affidavit, made for this purpose, comprehends a period, from the 2d of December 1781, the date of the Nabob's agreement with Lord Macartney, to the 21st of February 1785, when I took the revenue oath prescribed by the late Act. I have the honour to be, with great respect, Honourable Sir, your most obedient and most humble servant, (signed) Charles Oakeley. Fort St. George, 13th January 1789. Copy of the Affidavit enclosed in the above Letter. CuarlesOakeley, Esquire, in the service of the Honourable Company at Fort St. George, maketh oath and saith, that he served under the Right Honourable Lord Macartney, late President, and the rest of the Council of this settlement, as first member of a com- mittee for managing and collecting the reve- nues of the Carnatic, then assigned over by his Highness the Nabob to the said Com- 64 pany, for the support and expenses of the war : and that from the time of such assign- ment, on the 2d of December 1781, to the time of his taking the revenue oath (pre- scribed by the late regulating Act) on the 21st of February 1785, he did not demand, take nor accept, directly or indirectly, by himself, or by any other person for his use or behalf, of or from any Nabob, Rajah, Zemindar, Talookdar, Polygar, Renter, Ryot, or other person, paying, or liable to pay, any tribute, rent or tax to or for the use of the said Company, any sum of money, or other valuable thing, by way of present, gift, or otherwise, over and above, or besides and except the actual tribute rent or tax, autho- rized to be taken by and for the use of the said Company ; and that he hath justly and truly accounted and answered for the same to the said Company. (signed) Charles Oakeley. Fort St. George, 13th January 1789. Sworn before me, William Wr.nn, Mayor. Copt/ of a Letter fxom the Secretary of the Governor ami Council of Fort St. George, to Charles Oakeley, Esq. Sir, I AM directed by government to acknow- ledge the receipt of your letter of this date, TEA TABLE TALK. The Walcots of Bitterley Court, Shropshire, who hive presented the scarlet cloak worn by Charles I. on the scaffold to the Corporation of Shrewsbury, are one of the oldest families in the kingdom. Descended from one of the ancient septs of Wales, they got their surname through tie marriage of a remote ancestor wiih the heiress of Sir John Walcot, of Walcot, in Shropshire. In an old manuscript the family is said to be of Saxon origin, but as the ancestor who married the heiress of the Walcots was a Welshman — the Lord of Garthland — their origin seems clear enough. The Walcots were seated at Walcot from an early date until its sale to Lord Clive, the hero of Plassey. The cloak presented to Shrewsbury was obtained by William Walcot, a page-of-honour to the unfortunate King, and who was in attendance upon his Majes'y at the execu- tion in front of Whitehall Palace on that winter's morning two hundred and fifty-nine years ago last Tanuary. William Walcot was the third son of Humphrey Walcot of Walcot, a prominent Royalist, who suffered much through his sacri- fices in the cause of Charles I. Walcot was, says the Court Journal, purchased by Lord Clive, together with a large estate, after his return from India, and it is now one of Lord Powis's fine seats. It is a state'y old red brick building with beautiful gardens and grounds, and surrounded by a large and picturesque de:r- park in which is a large lake. Walcot contains the famots Clive collection of Indian curiosities, but it is nat a well- known place, lying somewhat off the beaten track, though it is not a great distance from the delightfully interesting little town of Ludlow, with its famous castle. The present owner of Walcot descends lineally from the founder of the Indian Empire. On Walcot being sold Bitterley Court became the family seat It had, however, long been owned by the Walcots when, in 1738, the place was purchased by the then head of the family, Charles Walcot, from his cousin the Rev. Humphrey Walcot. Bitterley is an in eresting old house. by no means pretentious, but an excellent example of the manor-house of the seventeenth century. It stands under the shadow of the picturesque Clee Hills in the sou'h of Shropshire, on the road from Ludlow to Cleobury Mortimer, about midway between the two towns. The present owner of Bitterley and the representative of the (ami'y is Mr. John Owen Walcot, whose father, the late Mr. Walcot, died in March, 1906. Lord Gerald Wellesley, third son of the Duke an) Duchess of Wellington, was among the successful candidates at the recent examination for the Diplomatic Service. Lord Gerald is a young man of twenty-three, who has already been a good deal abroad, and besides being a good lingntat he has inherited artistic tastes from his mother the Duchess of Wellington. Another successful competitor for admission to Diplomacy is Mr. Birch, a son of Lidy Barringto', who also passed at the recent'examination. P and Published for the Proprietors by James Bi CATER, STOFFELL & FORTT, THE STORES, BATH.*^ ALSO AT BRISTOL d CLIFTON. • TEST FREE **%& 1 the pure household olive ■ %kt - /* , which were supposed by Mr. Dundas to cost, upon rather a high estimate, £.400,000 per annum ; an increase also of pay to European soldiers, in consequence of a similar aug- mentation at home ; and some addition at the same time made to the pay of the native officers and sepoys at Madras. What these expenses amounted to, I have no means of 93 judging, but I will take them at £. 100,000. Thus, upon the establishment framed accord- ing to the extent of our territory at the peace of Seringapatam, and deemed sufficient to meet every contingency of our political state in 1793, the ordinary or permanent expense ought not, with the additions above mentioned, much to have exceeded £.5,838,125. " The actual expense, I am aware, began to increase very fast from the year 1795, when it was thought expedient to employ the resources of the Company in foreign and expensive expeditions against our national enemies, and to abandon the idea which seems to have prevailed in 1793, of confining our views, in a national war, to the defence of the continent of India. Had the object been so confined, or extended only to the possession of such of the Dutch settlements as might have been dangerous to us, if seized by the French, the increase of expense could not, as Mr. Dundas observed, have been material. But these expeditions were so numerous and expensive, as to consume the whole of that surplus which was meant to be reserved for the sole purposes of defence, and employed in the interim for the provision of investments, and the diminution of the Company's debts. 94 " The effect of this policy appeared soon after, in the pecuniary difficulties experienced at the moment when it became necessary to prepare for resisting the threatened attack of Tippoo Sultaun. By great exertions and sacrifices of interests, these difficulties were happily surmounted, and a prospect opened of relief, from the conquest of Mysore, and the subsidiary treaty concluded at Hydrabad. The augmentation of resource produced by both events, was calculated at pagodas 17,12,623, with a probability of an increase which was expected to raise it to pagodas 25,43,680. " Marquis Wellesley observes,* that ' against these acquisitions must be placed the expense of whatever addition it may be found neces- sary to make to the military force, either in consequence of the extension of territory, or of the subsidiary enpjaoements contracted with the Nizam, and with the Rajah of Mysore.' His Lordship then goes on, ' The subsidiary force at Hydrabad must be con- sidered as a part of your efficient strength. prepared for your service on any emergency, and ready to aid you in any future war, as it has done in the last. It does not appear to * Letter of 3 Aug. 1 71 95 me probable that it will be necessary to make any considerable addition to the establish- ment at Fort St. George, in consequence of the treaty of Hydrabad ; nor do I apprehend that the requisite increase of that establish- ment, and of the army at Bombay, in con- sequence of the two treaties, annexed to this dispatch, will bear any proportion to the increase of your revenue and resources ; for it must never be forgotten, that while your territory has been extended, your frontier has been contracted and strengthened, your prin- cipal enemy utterly destroyed, and an ally and dependant of the Company established on the throne.' " The former part of this opinion speaks of some additional force as being probably necessary, but the latter seems rather to imply a contrary belief, and certainly the advantages said to have been acquired by the war would justify a conclusion in favour of a decrease of force, proportionate to the increase of security which that measure had produced. " Thus, if we allow the weight which is due to the highest authorities in our Indian government, it will be difficult to conceive that a necessity existed either before or since the conquest of Mysore, of making any ma- 96 terial addition to the military establishments. It appears, however, on comparing the ex- penses of this branch, according to the Peace estimate laid before Parliament in 1803, that a very material increase is specified, and far beyond those calculations which governed the Peace estimate of 1793, and the subse- quent expectations from military arrange- ments in 1796- " The military charges, according to the estimate of 1793, were, for Bengal Madras Bombay - £. 1,380,000 1,200,000 337>5°° Buildings and fortifications at the three! Presidencies -j " The military charges, according to the estimate of 1803, were, for Bengal, including buildings and"! _ . cc _ fortifications Madras ditto Bombay ditto 2,738,000 568,726 Increase 2,917,500 1 1/>875 3,035,375 5,466,393 2,431,018 " Of the particular articles of this increase I have no materials to form any judgment ; nor was it my object to show more than that 97 the increase itself exceeds the measure of those high opinions to which the public natu- rally looks with confidence, upon all points respecting India. Much of it, perhaps, is owing to new, or augmented corps ; much, perhaps, to what is called contingent expense ; including those depots and establishments which are kept for the purpose of enabling large bodies of men, with artillery stores and provisions, to move at the shortest notice. Upon this subject I shall beg to add a few remarks. " In the dispatches from India relative to the late war with Tippoo Sultaun,* particular notice was taken of the backwardness of the preparations at Fort St. George. This was said to be owing to the dispersed state of the army, and to certain radical defects in the establishment; and from these causes, "some officers of approved talents, experience, and integrity, had declared, that the army in the Carnatic could not be assembled for offensive purposes before the commencement of the year 1800,-j- and that a period of six months would be required for its equipment, even for * Letter from Marquis Wellesley, 20 March 1799. •f That is eighteen months after the date of the orders for assembling the army, which were issued on the 20th June 1798. II 98 the purpose of defending the Carnatic against any sudden attack/' " Nothing could he more weak, absurd and contrary to experience, than this opinion, which might have been completely refuted by a simple reference to the records. Facts in direct opposition to it appear, in the equip- ment of the Carnatic army assembled for offensive operations under General Medows in 17.90; in the re-equipment of the same army, reinforced with troops from Bengal, when it took the field the next campaign, under Lord Cornwallis, in 1791 '. in the com- plete refit of the same army, when it returned from Seringapatam in May that year, desti- tute of all supplies ; in the equipment, of a large army for the siege of Pondicherry, in 1793, when the troops, notwithstanding their dispersed state, were assembled before that fortress with artillery, provisions and stores of every kind, necessary for the service, pre- cisely in tzco months from the date of the orders for preparation. " Every one of the instances above men- tioned must have been familiar to the officers who gave this extraordinary opinion, and the fact shows with what caution even profes- sional men should be consulted upon points which involve important considerations with 99 regard to expense. The real defect at that time was not in the establishments, but in the want of energy on the part of those to whom the first orders for assembling the army were addressed, and in the general distrust and ap- prehension arising from the state of the public credit and resources. Afterwards, upon a change of circumstances, and a more favour- able turn in the disposition of the settlement, all difficulties vanished. The equipment soon appeared in a state of forward preparation, and the Governor General had a practical and convincing proof of the futility of that opinion, which had been given with so little judgment or attention to facts upon record. From the month of November, when the pre- parations began first to assume a degree of forwardness, to the capture of Seringapatam, was only six months, or a third part of the time stated by the officers as necessary for assem- bling the army, and equipping it for offensive purposes. " How far this opinion may have since operated in creating new establishments, I do not know ; but. as it is calculated to open a wide field for contingent expenses, I hope, if any measures have been taken to remove the defects complained of, that a stronger ground has been laid than this opinion exhibits- ii 2 100 Willi regard to the want of preparation to meet the successful invasion of the Carnatic in 1780, as much stress has been laid on this fact, I must observe, that ample warning of the danger was given, but the same want of energy and confidence, which appeared under similar circumstances in 1798, pre- vented all timely precaution to oppose it. " That it is better to be always prepared for sudden movements,than to leave anything to doubt or chance, is an abstract truth which nobody can dispute ; but in carrying pre- cautions to this length, and upon a consider- able scale of expense, a government must well weigh its means, since it has to provide for certain and pressing demands of various kinds, besides those of defence. Few states can afford the expense of field equipments in time of peace ; and unless in very particular circumstances, which may be provided for as they occur, I should esteem it more prudent to reserve the money for calls of real danger, which active vigilance will always foresee, and prompt vigour always anticipate. " The sentiments I have given upon this important principle of military expenditure, are offered with great deference to the au- thority of professional men, but not without powerful support from my own experience 101 and observation ; and though I am far from wishing they should influence your judgment against such authority as may be deemed respectable among your officers on the coast, I strongly recommend it to you, to sift well all such opinions as those which have been the subject of these remarks. " The civil charges of India according to the estimate of 1793, were, for Bengal . £. 1,607,000 Madras - 368,000 Bombay - 177.750 2,152,750 according to the estimate of 1803, for Bengal . 1,996,000 Madras . 1,512,300 Bombay Total ■ Increase 271,676 - 3,779'976 1,627,226* " Of this increase a considerable part is owing to new judicial establishments at the different presidencies, to charges of collec- tion, stipends, and appointments in the conquered countries, and in the Carnatic and Tan j ore provinces, in consequence of 'Increase in the Military Charges Total - 2,431,018 4,058,2+4 102 the agreements by which those provinces are brought under the dominion of the Company. In so wide a range of expense, comprehending many new articles, it would be great presumption in me, and especially with such imperfect materials as 1 possess, to form any opinion whatever as to the prin- ciple observed in regulating the quantum of allowances or establishments in the various branches which fall under the head of civil charges ; it certainly does not, any more than in the military charges, correspond with the actual circumstances of the Company's situ- ation, though the charges themselves may not perhaps be unsuitable to the particular services for which they are made. It is im- possible, however, not to remark the growing contingency of Durbar charges ; and I ob- serve, at Madras in particular, a sum, under the head of Governor's Office, Durbar Charges, &c. amounting to about pagodas 90,000 per annum, which is altogether new r since my time. " What is most alarming in the view of our India establishments is, that they baffle all expectation and promise. While wars of any kind exist, these are urged and admitted as a sufficient plea for embarrassments in the finances, but hopes are justly entertained of 103 ample relief at the moment of peace ; yet in the peace estimate itself, no retrenchments appear, at all adequate to the burdens for which provision is to be made. Under these circumstances, if it be practicable, I should think it wise, to set apart resources sufficient to meet the Company's incumbrances, and to apportion the rest among the different presidencies, according to their respective necessities. To relieve Bengal from the weight of other establishments, continually pressing upon her in peace as well as war, is a point of the first importance. This can only be effected by limiting the expenses of the settlement within certain bounds, and making the stewardship of those entrusted with your interests the chief object of atten- tion and regard. " I have now, Sir, with more zeal perhaps than judgment, communicated every idea that occurs to me relative to India, which, as you justly observe, under its present embarrassments, offers considerations of not less moment to the nation at large, than to the welfare and existence of the Company itself. " I have the honour to be, &c. Sec, " CHARLES OAKELEY. v lot The letter which follows was addressed to a gentleman filling a high official station. It was written nineteen years after the former, and I select it as exhibiting the unimpaired vigour of his mind, and the unabated inte- rest he took in the affairs of India, in the seventy-fourth year of his age. (Copy.) " Palace, Lichfield, *' Dear Sir, " August 28, 1824. " I lately saw in the New Times paper a general statement of the revenues and ex- penses of our Indian empire for the year 1821-22, said to have been taken from a printed report laid before the House of Commons. " By this statement it appears, that the net surplus revenue amounts to £.1,927,263, which I understand is little more than suf- ficient to defray the political expenses an- nually incurred in this country, on account of India, in time of peace. " If the whole income be thus absorbed, what ground have we to stand upon, in the event of any new disturbances in that quar- ter? An extensive empire, reaching from the Barrampooter to the Indus, and from Cape Comorin to Hurdwar, requires a very 105 large surplus revenue to support the various contingencies to which it is exposed. We know, from sad experience, how liable a territorial revenue is to failure, from drought and other accidents, in time of peace ; but in time of war, and particularly a war of invasion, we have two instances in the in- vasions of the Carnatic by Hyder Ally in 1767* and 1780, of such dreadful devastation and pecuniary distress as had nearly termi- nated in a total loss of the country. " To guard against such evils, I never could discover any better plan than that of framing our establishments in time of peace, so as to yield a net surplus revenue adequate to a speedy discharge of those debts which are contracted during war. The surplus, after a due provision for this first and most important object, may be safely applied to the provision of the Company's investment, but cannot without serious injury be diverted to any other purpose. In the year 1792-3, which relieved the government of Madras from the heavy expenses of a war with Tippoo Sultaun, you will perceive by the * Vide Letter from the Secret Committee of the Court of Directors to the Government of Madras, on the danger of wars of conquest and ambition : written, I believe, early in 1768. 106 documents I lately sent to you, that reduc- tions of expense and acquisitions to the reve- nues were made to a considerable amount at Madras, even during the war ; and that by an immediate reduction of the forces to a peace establishment, the government was enabled to lower the debt of Fort St. George in the first year of peace, from 26,31,000 to 4,67,303 pagodas. " Hence the general account of Indian revenues and expenses for 17.92-3, exhibits a net surplus of £.1,927,6*98, while the debts, which stood in April 1790 at £.7,056,652, were augmented by the war only to the sum of £.7,857,405, being an increase of no more than £.800,753. This, I think, will appear the most prosperous period of the Company's affairs in India. " An unfortunate change soon afterwards took place. Expeditions were ordered from this country against the Trench and Dutch settlements in the Indian seas. Larue in- vestments were required from India and China, to which the aids supplied from Europe were inadequate, and the deficiency was made up by borrowing money in India, at an advanced interest. Other incidental expenses occurred, and the consequence was, that in the interval between April 1793 and 107 April 1799, the net surplus of our Indian re- venue,which in 1793 amounted to £.1,927,698, was converted into a net charge of £. 1 , 1 49,34 1 ; and that the debt, which in April 1793 amounted only to £.7,857,405, was, in April 1799, swelled to £.12,995,525. " This was indeed a reverse, which demon- strably proves the weakness of a territorial revenue, unless it be husbanded and applied with the utmost care and circumspection. It is dangerous to press upon a resource of this kind for any other purpose than that of strict defence on the continent of India. If it be open to encroachment for such purposes as those above mentioned, or any other object not connected with defence, nothing is likely to remain, either of money or credit, for the contingencies of war. In the state to which the resources were now reduced, it became necessary to make preparation for a new war against Tippoo Sultaun ; and in order to raise money, the government was com- pelled to resort to decennial loans of ten and twelve per cent. Happily, the war was of a short duration ; and the finances consequently were relieved from a pressure which must soon have proved fatal. " Whether it was politic to hold the con- quered country of Mysore in permanent 108 possession, I am in some doubt ; because it destroyed that balance of power, which in earlier times was deemed essential ; and be- cause it was deemed no less essential to the safety of the Carnatic, that an independent power should exist, as a barrier between us and the Mahrattas, a most powerful and dan- gerous confederacy of states, then united for the subjugation of all India. Mysore, under the able and vigorous conduct of Hyder Ally, exerted admirable strength in her defence against the most formidable attacks of these marauders, renewed from year to year.* Had those attacks been successful, we should have had to encounter similar and unremit- ting dangers in the Carnatic, and with less strength to meet them. " By keeping possession of Mysore, we came in immediate contact with the Mah- ratta territories ; and by quitting our mode- rate and defensive system, we have been led on from one conquest to another, until we have attained the giddy height at which we now stand. The acquisitions of revenue arising from our conquests, have disappointed the hopes which were entertained of them ; and there is some reason to apprehend, if means cannot be found to create a large * See Madras Records, from 1770 to 177G, or 1777. 109 surplus revenue, that India will soon become a heavy and increasing burden upon the resources of this country. " I shall now conclude, by submitting this imperfect sketch, with all deference, to your better judgment, and assuring you that " I am, dear Sir, " With great esteem, " Your faithful and obedient Servant, " CHARLES OAKELEY." The following are highly interesting Ex- tracts from a long letter, which he addressed to a Noble Lord, in the year 1806 : " In viewing the nature of this great and complicated concern, it must strike every observer, that an empire of such magnitude, so distant from the controlling power, and so limited in point of pecuniary resources, cannot subsist but by the exercise of a con- stant, powerful, and unremitting caution. That system, therefore, which tends most to the preservation of peace, and which is best calculated to fix, simplify, and restrain all expenses within the bounds of a rigid eco- nomy, is not only expedient but absolutely 110 indispensable. The slightest devi.it ions from such principles are instantly felt ; and any material departure is sure to precipitate the public interests into the most dangerous and perplexing situation. " Though the territorial grants made by the Mogul in 1765, conveyed large posses- sions and extensive privileges, they were attended by inconveniencies calculated to awaken verv serious reflections. These grants placed the Company high in political rank among the states of India ; but supplied only a limited, and very inadequate revenue, to bear them through the multiplied difficulties to which their new sovereignty was exposed. They had, in fact, to uphold the various bur- dens of empire upon the faculties of a com- mon estate ; nor was this estate even secured against accidents of the most extensive and alarming nature. The failure of entire crops from drought or inundation, is no singular event in India ; and the incursions of cavalry during war, frequently cause a material di- minution of pecuniary resources at that cri- tical moment, when the demand for them is most urgent. Hence the calls to economy are incessant. It is the source of all lesnti- mate credit, and must be considered, in respect to India, as the basis upon which Ill that immense fabric principally rests, and without which it can hardly be maintained beyond a very few years. " The Company themselves seem to have been early aware of the radical defect which accompanied their grants, and prepared, I think, with great prudence, to meet it. They began by setting apart a certain portion of the revenue for extraordinary demands, and allotting the rest among their necessary establishments, civil and military. The sum so set apart or reserved, amounted at first to about one million sterling. As this sum could not be deposited at once, but was to accumulate from the current collections, in various hands, and in various places, it be- came necessary to guard it, by strong provi- sions, against all unnecessary encroachment. For this purpose, the several branches of expense in time of peace were ascertained, and limited. Little could be afforded under the head of contingencies; and no permanent addition to the expense, however small, could be made without the previous sanction of the Court of Directors. " The governments abroad were stimulated by every motive of responsibility, of credit, and even of personal ease, to confine their disbursements within the prescribed bounds. 112 Any considerable excess of expense, besides the marked disapprobation which followed, was sure to produce some immediate and very sensible inconvenience to the parties who incurred it. They found themselves obliged to trespass upon the reserved fund ; to bor- row money at high interest ; or to draw bills on the Court of Directors ; all which were forbidden means, and only to be justified under the pressure of war, or some other great emergency. " Your Lordship will perceive in these re- strictions such powerful and efficient checks, as were well calculated to attain the object in view. So successful did they prove, that, notwithstanding the Company were involved in many long and burdensome wars, and at one period, from 1778 to 1784, had to sustain successive and multiplied contests with the Mahrattas, with Ilyder Ally Cawn, and with a formidable French force, under the com- mand of M. Bussy ; yet, by the efforts of a vigorous economy, they were able to sur- mount these heavy burdens in a degree which is hardly to be credited. Infinite difficulty and distress indeed were experienced in the course of such trials; and particularly in that severe struggle which lasted six years, and termi- nated in 1784. But it is remarkable, that 113 although it appears, upon finally settling the accounts of this war in 1787, the debt was then raised to £.9,264,016; yet the clear surplus revenue of the following year, 1787-8, after providing for interest and every other expense, was no less than £. 1,035,417. " From this period till the year 1793, when the Company's charter expired, their affairs improved considerably, under the govern- ment of my distinguished and lamented friend, the late Marquis Cornwallis. It may not be foreign, perhaps, to the object of this communication, to state the progress of that improvement. In April 1788, the debt was reduced, by payments and transfers, to £.7,622,156; and in April 1789, it stood at £.7,604,754, while the surplus revenue had increased to £.1,414,028. In this year, Tippoo Saltaun betrayed his hostile de- signf upon the Rajah of Travancore, and preparations being made to counteract it, the surplus revenue was by such expense reduced, in 1789-90, to £.1,145,189. The debt, however, had been diminished, chiefly by transfers, and stood in April 1790 at only £.6,501,385. " The war which followed Tippoo's unpro- voked attack upon Travancore continued three campaigns, and was carried on by dis- I 114 • taut and extensive operations in the Mysore country. The debt, at the close of it in 1792, a\;is raised to £.9,084,550 : but on the other hand, from a great reduction of establish- ments, and a considerable pecuniary acqui- sition obtained by the peace, the clear sur- plus revenue in 1792-.'3, was no less than £.1,927,698 ; while the debt was reduced, by payments and transfers, to £.7,857,404. In 1793-4, though India now became involved in the national warwilh France, and sustained the extraordinary expense of an expedition against Pondicherry, and of a large donation to the army which had served in INI y sore, the surplus revenue amounted to £.1,654,852, while the debt was still further reduced to £. 7,305,462. Another essential improvement appeared at this period : the credit of the Companjr stood so high, that their servants abroad were enabled to lower the rate of in- terest from 12 to 6 per cent ; and the govern- ment at Madras had the satisfaction of re- ducing the bond debt at that presidency from £.1,035,6.94 (at which it stood in January 1792) to £186,921, its amount on the 30th April 1794 ; and of seeing, at the same time, the Company's notes, at the reduced interest of 6 per cent, bearing a premium of %\ per cent. 115 " Here the Company's charter closed ; and it cannot be denied, that their affairs in India had surmounted an arduous trial of near thirty years, not merely without loss, but with an accession of strength and improve- ment in all the branches, political, revenue, and commercial. " With your Lordship's permission, I shall now take the liberty of pointing out, according to the best of my judgment, but with great de- ference, the principal causes of those pecu- niary difficulties under which they labour at present, and which had their commencement very soon after the new charter was granted. " The first cause which seems to have pro- duced a serious effect upon the credit and resources of India, arose from military expe- ditions undertaken for the purpose of reducing the islands and settlements of our European enemies in the Indian seas. Orders for these expeditions were sent out so early as the year 1794 ; and the number which either took place or were laid aside after preparations for them had been made, occasioned a very heavy and inconvenient expense. Thus, between April 1794 and April 1798, the debt was increased from £.7,305,462 to £.11,032,645, while the surplus revenue, which in 1793-4 amounted to £.1,654,852, was converted, in 1797—8, I 2 no into a deficiency of £. 194,700. During this period, the pecuniary difficulties abroad were increased by orders to extend upon Indian credit the provision of investments to a con- siderable amount. This measure, operating jointly with the military expeditions, contri- buted to augment the pressure so much, that, in June 1798, when it became necessary to oppose the formidable designs of Tippoo Sul- taun, the Company's treasuries were ex- hausted, and their credit sunk to the lowest ebb. Hence, in order to provide funds for carrying on the war with that chief, the Indian government was compelled to resort, for large sums, to disadvantageous and un- precedented loans, by which it engaged to keep the money for ten years certain, at the exorbitant interest often and twelve per cent, payable either in India or in England. This was a new source of embarrassment to the public credit, both abroad and at home. " I humbly conceive, that the resources of India in 1794, though very flourishing, were by no means adequate to the double pressure of expeditions and investments carried on upon so large a scale. The country indeed, at that period, was in a state of perfect tran- quillity, and the debt very moderate ; but it required all the advantage of unimpaired 117 credit to provide against future contingencies. With regard to military expeditions in the Indian seas, however reasonable and just it is that the Company should afford all the assist- ance in their power to the service of the state, yet money is an article which they cannot afford, but in a very limited degree : and when the advance is so considerable as it appears to have been on this occasion, and is procured by borrowing at an exorbitant interest, it becomes a question whether the state itself be not better served by reserving the credit of India entirely for its own defence, than by straining so invaluable a resource for the purpose of expeditions not intimately con- nected with that primary consideration. " The weak and alarming condition of the finances in 1798 stamped a peculiar value on those exertions by which the dangers of that period were removed, and the war with Mysore brought to so brilliant and decisive a termina- tion. But the expenses of this war, though short, the burdens of other wars which fol- lowed, and the general size of the establish- ments, civil and military, have produced such an accumulated pressure upon the finances, as to threaten the most fatal consequences, if some effectual means be not speedily applied to remove it. 118 " In order to show the state of the Revenues and Expenses at two distinct and remarkable periods, I shall take the average of three years subsequent to the conquest of Mysore, and compare it with the average of three years subsequent to the treaty of Seringa- patam, in 179-- * * * * * * " At the same time that the estimate of 1803 appeared, a plan was brought forward for the discharge of the debt, and a calculation exhi- bited, to show the effect, in six years, of the surplus above mentioned, aided bysuchremit- tances as were intended to be made from England. It happened, however, that the whole statement was overthrown by a war, which broke out in the very first year. All estimates of this kind are built on the idea of uninterrupted peace ; and proceed, therefore, upon too sanguine an expectation. The plans of relief leave more to time than time is apt to bring forth. I should have thought a clear surplus of two millions sterling (after pro- viding for interest) the least that could have been proposed under the circumstances of the debt in 1803. As that debt is since mate- rially increased, the surplus should be in- creased in proportion, because it is only by 119 paying oft" large masses annually that the burden can be effectually subdued in the short intervals of peace. Besides, the ap- propriation of a considerable sum at once in India, would probably enable the govern- ment to reduce the exorbitant rate of interest upon the whole debt, and thus greatly acce- lerate its liquidation. This consequence actually followed a similar operation upon the debt at Madras in 1792 and 1793, and suddenly raised the public credit of that government to a pitch wholly unexampled in the annals of the Company." * * * •* * * The same energy of mind was observable in every occupation in which he was engaged. The greater portion of his time was passed in his study ; and one of the advantages of his release from public duties, which he eagerly embraced, was the power of improving him- self in that branch of knowledge, the cultiva- tion of which had been interrupted by his early removal to India. Considering the usual acquirements of a schoolboy at fifteen, the lono- interval which he had devoted to other pursuits, and the period of life at which he returned to classical reading, the progress 14 120 which he made was surprising, and a strong proof both of his perseverance, and of his taste for literature. He took great delight in making written translations from the best Latin authors. At one time, he was in the habit of employing himself daily in this manner ; and I remember, in particular, his translations of large portions of Tacitus, of Sallust, and of Pliny, done with great ele- gance and precision. It was his constant practice to engage in such studies with his boys, during their holidays ; and we never found him weary or unwilling to return to them, though too often, it is to be feared, deficient ourselves in corresponding zeal and alacrity. Of the literature of his own coun- try he was always a great reader, as well as a most accurate writer of its language.* With equal vigour he applied himself to the acquisition of knowledge of a very differ- ent kind, and to the performance of duties which were wholly new to him, at the period when the invasion of this country was threat- ened by Napoleon Bonaparte. A regiment of volunteer infantry being formed at Shrews- * One of his contemporaries in India told me, that whenever an important letter, the report of a Committee, or any public paper, was to be drawn up, it was generally agreed, " that Oakeley should be the >cribe " 121 bury, under the impulse of that loyal and ardent feeling which pervaded the nation, Sir Charles Oakeley was appointed, in the first instance, Lieutenant-Colonel, and after- wards succeeded to the command. The facility with which he qualified himself for these duties, so foreign to his habits, and the effective manner in which he discharged them, was a subject of astonishment even to his most intimate friends. He continued to command the regiment until it was disbanded, together with all the other volunteer corps of the king- dom ; the possibility of an invasion having entirely ceased. But the most prominent features of his cha- racter, and those which it is most delightful to remember, were such as stand highest in the catalogue of christian graces. His piety was fervent, sincere, and uni- form ; equally removed from lukewarmness on the one hand, and enthusiasm on the other. A very short acquaintance with him was sufficient to shew that religious principle was the basis of his conduct, and that he carried it into all the affairs of life. His character in this respect was so well understood, and, being free from the slightest mixture of mo- roseness or affectation, its influence was so generally felt, that any disposition to pro- 122 faneness, or levity on sacred subjects (;is I have witnessed in a very striking manner), was immediately checked by his presence. He was a diligent and daily reader of the Scriptures, and, it is almost needless to add, constant in the use of private and family prayer. Attached to the Church of England, not more by education than from a thorough conviction of its purity and excellence, his regular participation in its public services was far from being confined to the sabbath. It deserves to be mentioned, as a rare ex- ample, that at Shrewsbury it was his usual practice to attend the Wednesday and Friday prayers at his parish church; and that at Lichfield he was scarcely ever absent from the daily morning service of the cathedral. In fixing upon a place of residence, as I have often heard him say, it was essential in his mind that it should be near the church ; and assuredly, there never was a christian who could with greater sincerity adopt the Psalmist's words, " Lord, I have loved the habitation of thy house." His benevolence was manifest to all who approached him ; and his love of doing- good was testified no less by personal exer- tion than by pecuniary aid, to the utmost ex- tent of his means. He look an active and 123 leading part in the religious and charitable institutions of the neighbourhood ; constantly attending even their ordinary meetings, pre- siding or assisting at their boards, and co- operating in evefy other way for the promo- tion of their welfare, and the extension of their usefulness. The County Infirmary at Shrewsbury, the Savings Bank at Lichfield, and the Parochial Schools, at both places, for the education of the poor, were objects of his especial care and attention. In the last mentioned branch of charity, and in the system of instruction introduced by Dr. Bell, he felt a peculiar interest. He had witnessed the efficacy of that system at Madras, and, as governor, had patronized and shown great favour to the schools under the management of Dr. Bell,* who was chaplain there at the time. Long before the adoption of the plan in this country, it occurred to him that it was eminently calculated to meet the exigencies of the times, and he renewed his acquaintance with Dr. Bell, by addressing a letter to him on the subject. I regret exceedingly that no copy of that letter was kept, because it had the merit of sketching out the measure which afterwards became national, and of urging it on the very same grounds which were recog- * See " Extracts from the Reports of the Society for promoting Christian Knowledge." 124 nised by the heads of the Church in adopting it. His sentiments and suggestions were ac- knowledged by Dr. Bell with the strongest expressions of gratification and concurrence. AVhen the National Society had been formed, and the system recommended by public au- thority, his best exertions were employed in the cause. He assisted mainly in the forma- tion of the National School of his parish at Shrewsbury ; * and became a warm supporter of that which he found established, by the excellent Dean Woodhouse, at Lichfield. This latter institution had the benefit of his unremitted attention and superintendence up to the period of his last illness, and received a legacy to its funds by his will. He was the first projector of the Provident Civil Fund, established at Madras in 1787 ; open to the contribution, and available to the benefit, of all the civil servants of the Pre- sidency. The extensive good effected by that fund (which at the present time is in the most flourishing condition, and has been the means of support to hundreds of families,) was a subject of delightful reflection to him ; and his benevolent mind was much occupied * In this and every other work of parochial usefulness, he was cordially united with the curate of that parish, the Rev. W. G.Rowland; an individual for whom he always entertained the highest esteem and regard. 125 during the latter years of his life, in con- sidering the possibility of establishing a simi- lar fund for the clergy of the English Church. This idea was strongly suggested to him by the note to a sermon, published by Archdeacon Nares in 1823, in which a distressing account is given of " the insufficiency of those cha- " ritable funds, which have been raised in " every county of England for relieving the " widows and orphans of deceased clergy- " men, and, in some cases, even for them- " selves while living." For the great evil, to which the Archdeacon adverts, my father was convinced that the clergy could never find any adequate remedy, except within themselves, lie saw clearly that in this case there would be obstacles to the formation of a general Provident Fund, which did not exist in the other ; but he thought them by no means insurmountable ; at all events, he was most anxious "that a Committee of " Clergymen should be appointed, for the " purpose of considering the plan, and stating " their opinions upon it." His own views he put down on paper from time to time, and submitted them, as opportunity offered, to persons whom he wished to influence, and consult, on the subject. But while all ac- knowledged the extent and urgency of the evil, he met with none who thought the LS6 remedy practicable, or were willing to assist in making the attempt, until he had the good fortune to become acquainted with the Bishop of Chester (the present Bishop of London). That distinguishedprelate was so much struck with my father's suggestions, and they co- incided so well with the views he had himself formed, that he determined at once to intro- duce the subject in his charge to the clergy of his diocese, at the primary visitation which he was then about to hold. Never did my father experience greater gratification than when he read that charge. The plan of a Provident Fund for the whole body of the clergy, pre- cisely upon the principles for which he had all along contended, had been distinctly proposed by the highest authority,* and upon an occasion the most likely to give it effect. He was satisfied therefore, that, although time would be required to collect the general feeling of the clerical body, and to consider the necessary details, the measure would now work its way : and so the event has proved. The recommendation of the Bishop of Chester was approved and repeated by other high * The Bishop states, in a note to the printed charge, that he is " mainly indebted to the kind suggestion of Sir " Charles Oakeley, for the notion of a Clerical Provident " Fund :" and he refers to the Madras Civil Fund, set on foot in 1787, by the same individual. — (Bishop of Chester's Piii/iari/ Charge, 1825, p. 35. 4to.) 127 officers of the Church, in various parts of the kingdom ; several publications in favour of the principle, appeared ; committees were formed to consider the subject ; and at length, in the present year, a plan, pre- pared by a committee of clergy of the arch- deaconry of Canterbury, was brought for- ward and adopted, under the most favourable auspices. At a numerous meeting held in London, on the 15th May 1829, the Arch- bishop of Canterbury in the chair, it was unanimously resolved, that a " Clergy Mutual " Assurance Society" should be established ; its object being " to aid the Clergy in the " education and settlement of their chil- " dren, and to afford them an opportunity " of securing a provision for themselves, " and their wives and families, when more " than ordinarily needed, — in sickness, in " old age, and at death/' The two Arch- bishops were appointed joint-patrons, and the Bishop of London president, of this society, and a large number of contributions to the " fund in aid" were immediately received. Sir Charles Oakeley did not live to witness this gratifying accomplishment of his wishes ; but he had the satisfaction of knowing that all things were in a fair train for it : and if, as there is every reason to hope, the measure which has been adopted should prove entirely 128 successful, how many individuals and families will have reason to bless his name, for the share he had in laying the foundation ! * * The following extracts from letters to myself, written at late periods of his life, will show that his mind was active in the cause of charity and of religion abroad, as well as at home : " I have seen the Second Report of the Auxiliary Bible Society at Bombay, for the year 1816; and as this must have been the last received, I was anxious to know what progress had been made in the circulation of Bibles at that settlement, and how far they were likely to promote the object of spreading Christianity among the natives of India." He then refers to a letter of the Abbr Dubois, published in that report, and, having quoted largely from it, proceeds thus : " These observations and opinions, coming from a missionary of long experience in his profession, and appa- rently free from all fanaticism, are important upon a sub- ject, which at present excites so much discussion, as that of the proceedings of the Bible Society. They are such, I think, as cannot fail to convince all impartial persons, that in the distribution of Bibles alone, without note or comment, and without the previous introduction of ele- mentary tracts, the society has begun at the wrong end ; and that ship-loads of Bibles transmitted to India, and other less civilized countries, are in danger of being worm- eaten, before they can be used to any salutary purpose. The same remark will, perhaps, apply strongly to a great portion of the Bibles distributed in this country. Many of them, given away to persons not qualified to read, or not disposed from habit to improve by them, have probably found their way back to the booksellers shelves at half- price, or gone to the pawnbrokers for money to buy improper indigencies : and many, probably, remain with their possessors, unemployed, for want of elementary pre- paration to read or understand them. I would ask any 129 Meekness and simplicity, in the true chris- tian sense of those terms, may be specified as the other features of character by which he was chiefly distinguished. His placid and cheerful temper qualified him, in an eminent degree, both to diffuse and to enjoy happiness, in all the domestic and social member of the Bible Society, whether he does not think far more good would be produced by giving a Bible to every boy and girl of the national or charity schools, on quitting their seminaries, than by giving them indiscriminately to adults of all descriptions, without any proper assurance as to their fitness to use them ?" (June 1822.) — " I have read with great pleasure the Bishop of LlandafF's (Dr. Vanmildert's) sermon, and am glad to perceive that there is a perfect agreement of opinion between him and the Bishop of London (Dr. Howley), with regard to Indian missions. They have both treated the subject with uncommon strength, and elegance of diction. The chief ingredient wanting to the success of this noble cause, is " unity of principle, of action, and " of object." Missionaries of various sects, with heated imaginations and discordant views, must retard at least, if not spoil, the great work of conversion. The plan most eligible, I think, upon every account, is that suggested by the Bishop of Calcutta, in his letter to the Society for the Propagation of the Gospel in Foreign Parts ; I mean the establishment of a Mission College in the immediate vicinity of Calcutta, for the several purposes he has spe- cified. Such an institution, under the eye of the Bishop, and of the Supreme Government, would tend essentially to produce that union which the Bishop of London recom- mends so strongly in his sermon preached before the society in 1817, and so happily exemplifies in the conduct of the primitive teachers of Christianity." K L30 relations of life. Few persons, 1 think, could have been in his company without remark- ing his humility in demeanour and conver- sation : none knew him intimately without having constant occasion to admire his free- dom from all selfish feeling. Incapable of deceit, he was slow, even to an extreme, in suspecting the evil intentions of others ; a dis- position of mind which operated, in too many instances, to his serious detriment. He was plain and unostentatious in his mode of liv- ing, moderate and self-denying in respect to his personal wants and expences. Distrustful as he was of his own judgment in doubtful matters, and tolerant towards all who differed from him, no man was ever more regardless of the opinions or practices of the world, when they were at variance with his notion* of propriety and principles of conduct. To this slight sketch it only remains for me to add, that the inward effect of a life so spent, was beautifully exhibited in its close. From the first warning of bodily decay,* * This was a slight paralytic affection. I subjoin an extract of his letter to me on the subject, because it is truly characteristic. " Your mother informed you of the nervous attack which I have sustained. It is, I hope, of a slight nature : and Sir F. Darwin assures me that the cure will be speedy. I have, however, been blistered, physicked, and electrified, pretty smartly ; but as 131 until the day of his death, which occurred four years after, his mind retained all its accustomed serenity. The commencement of disease was resisted with success ; and it made no rapid progress subsequently in impairing a vigorous constitution : his usual pursuits and occupations, therefore, were only partially interrupted till within about yet, with little sensible relief. How the disorder came on, is quite unaccountable ; for I went to bed in perfect health, slept well, and perceived the change only when I waked at my usual time of rising. My constitution, thank God, is excellent, and was never better, generally speaking, than at the present moment. I have the best, and most affec- tionate nurse that ever lived, kind friends, and every comfort I can wish, around me. For the rest, my hope is in prayer to the Almighty Giver of all good gifts." From Scarborough, (which place he was recommended to visit) he wrote to me, at a later period, thus : " Though you must have received very favourable accounts from hence, I cannot deny myself the pleasure of adding a line under my own hand, to confirm your mother's reports of my rapid improvement. The swelling in my legs has nearly, if not altogether subsided. I take more exercise, eat with a good appetite, sleep well, and am thought quite fit to encounter the musical festival at York. If you ask the causes of this happy change, I ascribe it, first, to a merciful Providence ; and next, to the medical prescriptions of Mr. Hodgson, aided by the unremitting care and atten- tion of the most affectionate, skilful, and indefatigable nurse that ever administered to a sick patient." (It would be very pleasing to me, but not consistent with the scope and limits of this Appendix, to cite largely from his general correspondence with myself and other members pi his family. His letters were uniformly excellent.) K 2 132 five months of his decease, when he became severely and dangerously affected. I lis pa- tience, resignation, and cheerfulness, through- out the whole of this last trial, will never be forgotten by those who were with him. The faith of the Christian was triumphant. His thoughts were calmly directed to the high and holy objects, which had ever been his chief concern ; and any allusion that he made to his present situation, was accompanied with fervent expressions of gratitude for the am- ple portion of health, and all other blessings, which he had enjoyed. The suffering wit- nesses of the scene had abundant reason to acknowledge the favour of God in the com- paratively slight infliction of pain which he experienced ; they had the happiness to see his intellect unclouded to the last ; he was taken from them, full of years and rich in honour ; and the example which they had always loved and revered, was then impressed upon their minds by the most persuasive of all arguments : — " The end of such a man is peace." * H.O. * Psalm xxxvii. 37. — He died at the Palace, Lichfield, Sept. 7, 182G. On the Sunday immediately following, the event was thus noticed in a sermon preached at the cathe- dral, by Archdeacon Nares, the subject of which was " Trust in God." " We now lament, with human but 133 submissive sorrow, the removal to a better world of one, who has long lived among us, a bright, yet modest, example of all Christian excellence ; of a man, whose perfect trust in God has been proved in every part of his life; whom no temptation, however strong, could ever move from the strictest line of conscientious rectitude ; whose virtues and whose services were rewarded, indeed, with the present advantages of rank and fortune ; but who never, for a moment, ceased to hold himself responsible to God for the use of those acquirements. His name and his fortune were always ready to be employed in the cause of benevolence ; and he ever gave as one who regarded his wealth, though earned, humanly speaking, by his own exertions, as held in trust to perform with it the greatest practicable good. " Of a life uniformly thus conducted, he has now expe- rienced the utmost worldly reward. Under natural decay, he has been placid and resigned ; and surrounded by an affectionate family, he has felt that he was only removing from them to his Father and their Father, the God of all mercy and goodness. " Such being, with the aid of Divine Grace, the natural consequence of a perfect t)-ust in God, who would not seek to attain it ? praying with the repentant prophet, that he also may die the death of the righteous, and that his last end may be like his." To the above tribute, rendered infinitely gratifying by a consideration of the place where it was uttered, and of the character of the preacher, might be added a great number of letters, written on the same occasion by individuals eminent in station and in worth. But I shall satisfy myself with the insertion of two, from clergymen, who were near neigh- bours and intimate friends of my father, the one at Shrews- bury, and the other at Lichfield. " Your late father was so excellent a man in all the relations of life ; so kind to me and mine when I had the happiness of being his neighbour; above all, so exemplary 134 a christian, that I always looked up to him, when living, with something little short of tilial respect and regard, and shall never cease to cherish his memory with similar feelings. What then must be the feelings of yourself and those around you, who were so much more intimately acquainted with all his excellencies, and who so well knew how to appreciate them ? Truly distressing, no doubt, at the pre- sent moment; yet grief for the loss of such a man always carries with it its own antidote, and the more you contem- plate his character, the stronger will be your assurance that he is gone to meet his reward." " You do us no more than justice, when you assume that no friends of your late most excellent and inestimable father, will experience more unfeigned regret at his depar- ture than Mrs. and myself. But it is not his family and his friends alone that will deeply deplore the loss. This city in general will take its full share of those painful emotions, which the sad event is calculated to excite. His unaffected piety, his dignified and gentlemanlike de- portment, his open handed hospitality, the zeal and alacrity with which he took his share in conducting our institutions, and the assiduity with which he performed the duties they imposed upon him, will long be held in grateful remem- brance by every inhabitant of Lichfield. May my last end be like his!" He was buried, according to his own desire, in the most private manner, at his native place, Forton, in a vault containing the remains of his mother. A monument has since been erected to his memory in the cathedral of Lich- field, at the joint expense of his widow and children ; designed by Chantrey, and enriched with a beautiful medallion of his head (the symmetry and expression of which were most striking) by that eminent sculptor. 135 The following is the Inscription §>acrco to tfie ^cmotp Sir CHARLES OAKELEY, Baronet, Second Son of the Reverend William Oakelf.y, (Hector of Forlon, in this County, and Vicar of Holy Cross, Salop ;) Born Feb. 27, 1751 ; Died Sept. 7, 1826. His eminent services in India During an eventful period of twenty-seven years; The signal proofs he gave of integrity, as well as talent, In the various civil appointments which he held there; And more especially the effects of his administration, As Governor of Madras, Both in improving the condition of the Company's resources, And advancing the success of their arms ; Ohtained the tribute of public acknowledgment, And the approbation of his Sovereign. But chiefly precious to those who erect this monument, Is the remembrance of his private virtues, And his character as a Christian ; Piety, Meekness, Simplicity, Benevolence, These were the more memorable distinctions of his life; They brought him " peace at the last;" And are recorded by his surviving family, With humble gratitude to God, In whose hands he was the instrument for their good ; And with perfect reliance on that blessed Word, Which forbids them to sorrow, as without hope. 1 Printed by James & Luke G. Hansard k Sons, near Lincoln's-Inn-Fields, Loudon. I D 000 008 208 1 *w •Vt*