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Net estimated revenue of the three presidencies 2,694,886 Deduct supplies to Bencoolen, &c. per 116,000

Remainder 2,578,886

Dedu&t further interest on the debts by 1,48 1,070

The fum then remaining is 1,097,816 Add estimated amount of sales of imports by 409,500

The total 1,597,316 Is the amount estimated to be applicable in the year 1802-3, to the purposes of commerce.

DEBTS IN INDIA, Amount stated last year

17,674,532 Amount this year


Increase 2,291,207

Debts transferred in the year


Amount last year
Amount this year

15,135,354 16,994,833

Increase of debts bearing interest 1,859,479

Amount of interest payable by the accounts of last year

1,342,853 Amount of interest payable by the accounts of this year


Increase of interest payable annually 138,217

ASSETS IN INDIA, Consisting of cash, goods, stores, &c. last year Ditto ditto by present statements

12,113,923 13,372,741

Increase of affets 1,258,818

Deduct increase of affets from increase of debis,

the state of the Company's affairs in India appears worse in this view by



755 HOME ACCOUNTS. Aggregate amount of sales 1802-3

9,628,131 More ihan last year

472,144 The sales of Company's goods were to a less amount

582,459 Also neutral property by


735,495 Private goods were more by 1,207,639 Difference as above


The fales of the Company's goods were estimated at 5,880,600 The actual amount was


Being more than estimated by

167,428 The receipts on the sales of the Company's goods estimated at

6,500,600 A&ually are junted to

6,972,417 Being more than estimated

471,810 Charges and profit on private trade estimated at

130,007 A&tually amounted to

172,474 Exceeding the estimate in

42,474 GENERAL RESULT.--The balance of calh efti.

mated to be against the Company on the first of March, 1803

1,434,556 Actually proved to be in their favour

1,009,822 Being better than estimated

2,444,378 Which may be attributed to the additional re

ceipts on the sales of goods on private irade, and on the issue of bonds, combined with the payments below the estimate on account of India and China, and on several other accounts, also the protraction of the liquidation of 700,000l. of the debt to the Bank.

ESTIMATE, 1803-4. Receipt for sale of Company's goods

6,085,500 GENERAL

GENERAL RESULT:-Although the balance of

cash on the ist March, 1803, was large, and al- though the smaller receipt on the sale of goods is more than made up by an expected payment from Government, the great disbursement required for India and China for purchase of investment and liquidation of debi, and the

payment of the loan from the Bank are likely so to operate, that the balance of cash, in favour of the Company, on the ift March, 1804, is estimated to amount to the sum only of


On the ilt of March, 1802
On the ist March, 1803

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On the ift March, 1802
On the ist March, 1803

16,802,760 17,440,593


Adding the decrease of debts to the increase of

allets, the improvement of the home concern in
the year is


Balance at China last year in favour 1,019,551
Balance at China by the present ac-


Decrease at China 928,117 Balance at St. Helena, on the

30th Sept. 1800, in favour 77,852 Balance at ditro, on the 30th Sept. 1801, in favour 78,848


Net decrease at China and St. Helena 927,121


2,291,207 Decrease of debis at home


Net increase of debis
Increase of aflets in India


1,258,818 Increase of aflets at Home


Dedict, net decrease of balance in fa-
vour at China and St. Helena

Net increase of aflets


Deducted from the net increase of debts, shews the

state of the whole concern in a worse point of
view than at the conclusion of the last year, in
the sum of


Having gone through all the statements with equal perspicuity and patience, he observed, that nothing could be more gratifying ihan the view thus exhibited, of the actual prospesity and future prospects of our East India settlements, which were now infinitely superior to what they had ever been before, or to what belongs to any other country on the face of the globe. Whether we looked to iis revenue, its commerce, the value of lands, its population, or ils peaceful Government, it must present an object of envy to every other nation in the world. The noble Marquis, at the head of that Government, had an opportunity of carrying into effect the system of judicature adopted by the Marquis Cornwallis, and from the reports of the different Governors, given in as a statistical view of the whole country, a plan was now effected which had been much improved by the exertions of Sir George Barlowe. The judicature of the courts was now equal to those of the other seto ilements, and the fame system was extended to most of the Jaghires and Circars. Means were taken to ascertain the vaJue of the other more remote English possessions, and the same syftem pervaded them all, who had their courts and judges in the same regularity as those of Bengal. The Polygars were a very warlike and interesting people. They lived under a kind of feudal system, which rendered ihein at the same time both martial and idle. This was increased by their treaty to keep 23,000 men for the service of the Company. But this of laie had been very advantageously remisted for the sum of Vol. IV. 1802-3:

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71,000l. per annum in money. The most material point , was the situation of the Carnatic, which had undergone a considerable change ; but as this was not a time to enter into the merits of the treaty which annexed a part of the Nabob's poffessions to ours, he would confine himself to that part of the fubject, which bore more immediately upon the question, in the financial operations of the measure. By the arrangement made, the net revenue derived by the Company this year, after the payment for the collection and other expences, waś 1,094,000l. of which, however, one-fifth was paid to the Nabob; which, with the payments to his creditors, would amount 10 628,000l. leaving to the Company a clear profit of 228,000l. By this the Nabob poffeffed much more than he could realize by his own imperfect system of revenue ; for of the immense fums wrenched from the inhabitants, by continued and successive extortions descending from the prince to the meanest soldier, only a very small portion ca. ne into the public coffers. By the late treary, the Nabob, instead of paying a subsidy to the Coinpany for undertaking his defence, and that of his territories, which relieved him from keeping a standing army that was a terror to his subjects and himself, ceded a part of his territory as an indemnification to the Company. This cession consisted of about half his territory, the revenues of which, by the meritorious exertions of Mr. Wellesley, had been improved from 1,500,000, to 2,770,000l. The Nabob, at the same time, was the richest sovereign in India, having a clear revenue of upwards of a million sterling solely applicable to his own use, and to the comforts of his family. Speaking of the Mahratta empire, he said it must be always of the greatest importance to us, as its superficial extent was equal to that of the possessions of the Company. It had lately undergone a very great revolution, as Halkar had defeated the army of the Pathwa, who was himself obliged to fly from his capital and take refuge under the protection of the Company near Boinbay, where he fill remained. The current connection between him and the Company made it expedient to afford him the protection he fought for, and on that communication being made to Halkar, he appeared fatisfied to fubmit the dispute to the English Government. As this, however, could not be entirely relied upon, he had further to mention, that an army to support the interference of the Company was assembled and prepared upon the coast, but would not, in all probability, be driven to any military operations, and at all events would be attended with licite ex


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