The Present State of the British Interest in India: With a Plan for Establishing a Regular System of Government in That Country — John Shaqi
The Present State of the British Interest in India: With a Plan for Establishing a Regular System of Government in That CountryAnonymous
History
The Present State of the British Interest in India: With a Plan for Establishing a Regular System of Government in That Country
Anonymous
Bengal (India) -- Politics and government; Great Britain -- Colonies -- India -- Administration; India -- Politics and government -- 1765-1947
The consequences of committing this sovereign charge to the Company have
been long foreseen, and likewise foretold, by some who were acquainted
with the nature of their government: but the power and influence of
those who were sharing amongst them the plunder of those wretched
countries, blasted the credit of their representations: until at last,
the effects being felt at home, it hath become impossible to totally
suppress the truth. Nay even now, that these men are forced to partly
acknowledge the ruinous situation of this foreign dominion, yet have
they still the assurance to mislead the public judgment, by representing
the Company as the only party concerned in the consequence: though it is
certain, that this Indian concern, which hath been leased or farmed out
by Government to the Company, is of the very highest importance to the
public interest, as having been for many years the principal support of
national opulence and credit, as well as of commerce and revenue. For,
in the article of opulence, the private fortunes acquired in those
countries by the servants of the Company, ever since the time that their
power prevailed over the native government, that is ever since 1757,
hath created an annual influx of specie to Britain of about 700,000 l.
and the dedomagement paid to Government by the Company, since the
assumption of the dewanny in 1765, is a farther influx of 400,000 l. the
drawback on teas is reckoned about 200,000 l. and the Company hath
increased her dividend since the last mentioned period 200,000 l. though
only one half of this last sum may be reckoned to remain in the country,
the other half being paid to foreign proprietors. These four sums,
making together 1,400,000 l. have been yearly drawn from India in
consequence of dominion: and, whether sent from thence in merchandize,
in bills, or in specie, have produced so much money to Britain: and
notwithstanding the private fortunes have been acquired by means that
have exhausted these sources of wealth, that might otherwise have flowed
perpetually into Britain; and the dedomagement may be considered as a
base composition, received for alienating the sovereign rights of the
British crown and nation, and for furnishing a force to support the most
detestable tyranny of a few individuals over fifteen millions of men,
who are to all intents and purposes British subjects; yet did the
opportune importation of so much wealth, serve to support the credit of
the nation under the grievous accumulation of debt contracted in the
last war; and to prevent her feeling the drain of specie made by her
foreign creditors, which otherwise would by this time have completely
exhausted her. By her commerce with those countries, Britain hath
exported yearly 5 or 600,000 l. worth of her own manufactures and
merchandize, and for these she received the commodities of India; which
commodities, being re-exported, formed the most essential article of her
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