The British Press; or, Morning Literary Advertiser.
London, England, 1803-03-15 00:00:00

6,n5,989
4,322,063

Decrease - .571,30 C

15,404.716
16,80?,; 60

Incrcaie - :393,(2;4?

Adding &remise of Debts to increase of Assets, the
improvement cbE the Home Cuncern in this
year is

1,9C9,;330

CHINA AN!) ST. HELENA.
Ha!since at China last year in favour 1,226,079
No. 24. Kiiii,nce at China by the pre-
sent Accounts -1,019,5 i;

Delve's" - 20G,5411

)3,l4nce at St. lie-
4-flit, on 30th
b •pt. 1779, in fa-

V9tlr -
N 0.24. Balance at St. IL-
Jena, OR . .30th
Sept. 1800, in 44
vow .

58,CG

Increase -19,41 G

Net D.crraae at China and St.lPlena 187,042
GENERAL COMPARISON OF DEETS AND ASSETS.
Iricr.r.isc uE D..tbt.; in Iniia • 3,034,1:30
I).:cr.:ase of Di:t)tt at 'Lime - - 571,305

Net Increase of Debu

- 2,42,824

f•^reue of ANtets in India
;::crease of Assets at Home -

544,369
1,391i,024

'1,942,293
Deduct-net decrmce of Beance in fLvout
at China and St. Helena

- 1E i,042

N;t Incrase of Assets
DAnctad from the Increase of Debts •.could shew
the stAte of Om whole cohcern to be worse than at

1,753,351

the conclusion of the last year, in the sum of -
Which sum is s bje. t to alt?ration on the final

707,47 S

adiustment of the claims of the Company on Go-
vcrament, include 1 in the Horne Assets, to the
amount of 2,573,C39
Making an Incrasc in this year under this head of 940,8E.9

From all these he inferred, that the finances of
the Company were in a very flcurislaing situation.
It was impossible to have made an estimate very
correa in time of war, and particularly the expen.
sive expedition to Egypt, which at the time the es.
timates v.-era made was not even in 'contemplation.
But after all, the improvement in the revenues of
India was not less than 5,900,0001. On the ave.
rage of three years to 1801, the increase of the reve.
nne was, compared with former years, 82,0001.--.
The expenses of tort St. George exceeded the esti-
mates by 520,0001. but that was to be accounted.
for from the extraordinary exertions to which he
had already alluded. The result of the whole cal.
culation was, that the proceeds, in 1301, were
11,400,0001. the charges 10,450,0001. leaving a net
revenue of 81,0001. From this was to be deduaed
the charges for the establishment of Bereoolen,
70,0901. ; and the interest of the debt 190,0001.1
leaving a deficit of 400,00011 but notwithstanding
every deterioration; the increase and accumulation
of the revenue would be found more than equal to
the interest of the debts. He asserted, that not.
withstanding all the disadvantages of the war, the
Company's affairs, notwithstanding a debt of
10,000,0001. the interest upon which was no less
than 91. per cent. the Company's affairs were now
in a better situation than at the commencement of
the war. The Committee would bear in mind the
difference between Indian and European interest. If
tha Company could convert their debt, (which may
yet perhaps be done) into an European one, the
saving to the Company would be at least, in inte-
rest, 688,0001, From the different calculations he.
made, his Lordship came to this conclusion, that
in the next year there would be a surplus of
163,0001. applicable to the purposes of the Ad of
Parliament for regulating the Company's affairs.
He was happy to state With confidence to the Coln..
mittee, that our East India possessions were in no
danger from any native or foreign enemy. In proof
of this, he had only to state what was our army
establishment in that quarter—European troops,
24,500 ; native troops, 94,51,0, which, together with
other bart;:lions, to the amount of more than 10,000,
would make a total of 1u4,200 men. The difference
in the commerce of the Company between peace-times
and those of war, he calculated to be front 5 to
700,0001. but he had reason to think it would be
more preduetive in a time of peace. There could be
no danger of any rival state or company coming in
competition with the capital of ours ; and the result
of all the accounts would shew, that its profits in
revenue and commerce may fairly be estimated at
1,500,0001. According to the arrangement of the
Al 6 of Parliament, the public could not benefit by
the increase of India Revenue, till the Company had
realized a surplus of one million, which had already
been done, but of the surplus of which this coun-
try could not avail itself, till the money came
to the home treasury, which could not take place
before the ensuing year. At that time they
would be enabled to pay the sum of 500,0001.
to the public, and there still remain a clear
million applicable to the payment of the debts.
There were two methods by which the Debt might
he relieved. We exported no more to India than
two millions of merchandize, and were obliged to
remit the rest in bullion or in bills. By the Sink.
mg Fund of 2,000,0001. the whole of the Corn.
parry's debt of 12,000,0001. would be liquidated in
six years, and would be extinguished in the years
1808-9. Its that time the interest 'would of course
be diminished to the asaount of i 40,0001. After
these twelve millions were tede,:mcd, the capi.
tal of the Company wbuld 1)2 zuaranteed, and