In spite of this remonstrance, the Committee came to the resolution of throwing the trade open, imposing only a duty of 10 rupees on the hundred maunds of salt. Lord Clive again addressed them[88], showing that they were in reality giving up 300,000_l._ per annum, for a tax of only 31,500_l._; and pointed out that, even on their plan, the trade would continue in some degree a monopoly, and that the servants would still be concerned in it to what extent they pleased, under their banyans and black merchants. His expressions in writing the same day to Mr. Verelst, show how sincere and deep-rooted his opinions on the subject were. Sending him a copy of his letter to the Committee, he adds, "What attention they will pay to my representations I know not: but I have such confidence in your honour and zeal for the Company's welfare, that I cannot help hoping you will take care that the Company be not deprived of 300,000_l._ per annum, however peremptory the orders of the Directors may be." The letter of the 20th of November, 1767, already mentioned, was written soon after. The only effect of this remonstrance was a change by which the duty was to be advanced to a sum not exceeding 120,000_l._ Lord Clive points out, in several confidential letters to Mr. Verelst, the want of information of the Directors on this occasion, and the pernicious consequences likely to result from the change. That he was sincere, admits not of a doubt. His opinions on the subject he maintained uniformly to the last hour of his life, and the events seem to have justified his foresight.