The Life of Robert, Lord Clive, Vol. 3 (of 3): Collected from the Family Papers Communicated by the Earl of PowisMalcolm, John
History
The Life of Robert, Lord Clive, Vol. 3 (of 3): Collected from the Family Papers Communicated by the Earl of Powis
Malcolm, John
Clive, Robert Clive, Baron, 1725-1774; India -- History -- British occupation, 1765-1947
during their service, were unable or unfit to serve any longer, and
whose fortunes might be too scanty to afford the officers a decent,
and the private men a comfortable, subsistence in their native country;
and also to make some provision for the widows of such officers and
private men, as should have been entitled to the said bounty, or whose
husbands should have lost their lives in the said United Company's
service: And whereas Syf-ul Dowla, the present Nabob of Bengal
aforesaid, hath given to the said United Company the sum of three lacks
of rupees, as an addition to the above-mentioned fund: And whereas the
said three lacks of rupees were carried to account in the said United
Company's treasury, in the month of April, 1767, and the said Company's
note for the said three lacks of sicca rupees, amounting to the sum of
37,700_l._ sterling, carrying interest after the rate of 8_l._ by the
hundred by the year, was issued from the said Company's treasury at
Calcutta, payable to the said Robert Lord Clive: And whereas the said
Robert Lord Clive hath also proposed that the said Court of Directors,
and their successors, shall be perpetual trustees of the said fund of
five lacks of rupees, as well as of the said three lacks of rupees,
for the due application and appropriation of the interest and produce
thereof, which said trust the said Court of Directors have consented
and agreed to accept of: And whereas it has been agreed by and between
the said Robert Lord Clive and the said Court of Directors, that the
said eight lacks of rupees shall, from the 29th day of September,
which was in the year of our Lord 1766, carry interest at and after
the said rate of 8_l._ by the hundred by the year, upon and subject to
the several trusts, conditions, agreements, and provisoes herein-after
mentioned: And whereas the said Robert Lord Clive, in pursuance of
the said agreement, hath delivered up the said cash notes for five
lacks, and three lacks of rupees, to the said Court of Directors, to
be cancelled: Now this Indenture witnesseth, that for the better and
more effectually carrying the aforesaid agreement into execution, it
is hereby mutually covenanted, concluded, declared, and agreed, by and
between the said Robert Lord Clive and the said United Company,[A] that
the said eight lacks of rupees shall remain in the hands or treasury
of the said United Company, who shall yearly, and every year, at their
house or office in Leadenhall Street, London,[B] or in any other house
or place where the business of the said Company shall be transacted and
carried on, pay and allow the sum of 8042_l._ 13_s._ 4_d._ of lawful
money of Great Britain, for and in lieu of interest of the said eight
lacks of rupees, being after the rate of 8_l._ by the hundred by the
year, to such persons, in such proportions, and for such purposes,
as are herein-after mentioned of and concerning the same. And it is
further covenanted, concluded, and agreed upon, between the said
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