Blackwood's Edinburgh Magazine, Volume 62, Number 385. November, 1847.Various
History
Blackwood's Edinburgh Magazine, Volume 62, Number 385. November, 1847.
Various
England -- Periodicals; Scotland -- Periodicals
But there is another authority which is supposed to rule the
government itself. This invisible prime mover is a joint commercial
company, the Maatschappy, established in 1824, with a charter giving
it a strict monopoly of all commerce to the Indies for twenty-five
years, which has been recently renewed for ten years more. The late
King was a large shareholder, the present King is presumed to inherit
his father's shares; most of the members of the Chambers are
shareholders; and the Maatschappy, besides the supply of the islands
with all necessaries, acts as agent for the Crown, receives the
produce gathered by the authorities of Java, carries it home, sells
it, and accounts for the proceeds to the Dutch government. But the
company have a still heavier hold on the government, a debt for
L3,340,000 sterling; and for this they have in mortgage the whole
produce received in the East, the company deducting their own interest
and commission before they pay the proceeds.
But we have the gratification of being told that even the Maatschappy
does not carry every thing in triumph, and that there is a proposal to
release one-third of the sugar produced by parties having contracts
with them, on condition of the other two-thirds being delivered of a
superior quality; and it is added that this relaxation has taken place
simply from the distresses of the colonies, and in the hope of
introducing specie, there being nothing in use at present but a
debased copper coin. This measure would add to the trifling free
produce of Java about 18,500 tons.
The Dutch possessions in the East are very large, and under due
management would be of incalculable value. They comprise part of the
island of Sumatra; the islands of Banca and Billiton; the islands of
Bintang and Linga; the Macassar government, including parts of Celebes
and Sumhana; the Molucca islands; the south-west half of Timor; some
late conquests in Bali; and large portions of the southern part of
Borneo, which have been recently formed into two residencies. For
these statistics we are indebted to the narrative of Mr Jukes.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account