The Works of the Right Honourable Edmund Burke, Vol. 08 (of 12)Burke, Edmund
History
The Works of the Right Honourable Edmund Burke, Vol. 08 (of 12)
Burke, Edmund
Great Britain -- Politics and government -- 1760-1820; Political science -- Early works to 1800
Upon whatever reasons or pretences the monopoly of opium was supported,
the real motive appears to be the profit of those who were in hopes to
be concerned in it. As these profits promised to be very considerable,
at length it engaged the attention of the Company; and after many
discussions, and various plans of application, it was at length taken
for their benefit, and the produce of the sale ordered to be employed in
the purchase of goods for their investment.
In the year 1773 it had been taken out of the hands of the Council of
Patna, and leased to two of the natives,--but for a year only. The
contractors were to supply a certain quantity of opium at a given price.
Half the value was to be paid to those contractors in advance, and the
other half on the delivery.
The proceedings on this contract demonstrated the futility of all the
principles on which the monopoly was founded. The Council, as a part of
their plan, were obliged, by heavy duties, and by a limitation of the
right of emption of foreign opium to the contractors for the home
produce, to check the influx of that commodity from the territories of
the Nabob of Oude and the Rajah of Benares. In these countries no
monopoly existed; and yet there the commodity was of such a quality and
so abundant as to bear the duty, and even with the duty in some degree
to rival the monopolist even in his own market. There was no complaint
in those countries of want of advances to cultivators, or of lawsuits
and tumults among the factors; nor was there any appearance of the
multitude of other evils which had been so much dreaded from the
vivacity of competition.
Public-domain text, read in full here on John Shaqi.
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