The National Register.
London, England, 1813-03-28 00:00:00

THE NATIONAL REGISTER.

stricti•sn and controul he felt no apprehension on the subject of culo-
nixation ; nor did he think the character of the people of this country
eo ebnoxicas that they alone should be rigidly excluded from our em
pit! in India, while not only the Americans, but numberless Euro
vans and &wiles were allowed free and unrestrained access ro that
ssountrv, and while it was found that this intercourse was productive
of no ill effects, Besides, the intercourse with India was at the,
moment as open as it was ever likely to be. In reality, any advt.':
ttirer who was disposed might go to India, by first going to the ports
of the Contihent. The Noble Lord then adverted to the minor ob
itctions urged ageluat the opening of the trade, particularly the duel
would open to smuggling, and the difficulties which may arise it
golientine the revenue; these considered as Ili trice I ties w. le easily got
asap. The command of the native army of
,ludic sift uld remain wit h
*Ste Company. tr was his wish that the Co'mpaey should be u phi,
illOl3, and that all the acts of Govt nment should bear their name ;
ut he should propose that the appointment ot Member: of the Pre.
sidencies, new stet y in the hands of the Directors, should in future
be subject to the approbation ot the Crown, under !:is M i jesty's Sign
Manual. Atter some further remarks, Lord Castlereagh concluded
with moving the concurrence of the House to the following Resolu-
' lions ;
I. That it is expedient that all the privilege, &e. of the United
Company of Merchants trading to the East Insuel, continue and be
In fore* ter the tafther term of 23 years, except as tar as the same
Mae hereinafter be modified and repealed.
2. That thc existing restraints respecting the commercial inter-
course with China. shall be continued.
3. That. sub' .ct to the provisions contained in the preceding Re-
solution, it shill be lawful for any of his Majesty's subjects to ex-
port any merchandiee, which can now, or may hereafter be legally '
kxporied from airy port in the United li:ingdom to any pot within the
limits of the Charter of the said Company; and that all ships navi-
gated according to Isw, proceeding from any port within the limits
of th*C•lnpacy's Charter, and being provided with regular manifests
from this last port.of clearance, shall respectively be permitted to
ippip),rt any melchand.le, the product and manufacture of any coup.
tries within the said limits, into any ports in the United Iciligilom
which ;goy be proaided with warehowes, together with wer-doeks,
or such other securities as shall, i i the judAment of the Commis.
skitters of -the Treasury in Great Iritain and Ireland respectively, be
Alt and proper jim the deposit and safe custody of all such goods,
wares, and pperehetidiae, as well as for the collection of all duties
VW able
.. proviti r argu: that no ship opt essel of less then 350 tons registered
jirtssuremot, shall be permitted to clear out from, or be admitted
lei entry in any post of the United Kingdom, from any place within
'hose limits.
I'r-witted also, that no ship be admitted to entry, without a regular
panifest, duly certified.
Provided also, that no article manufactured of silk, hair, or wool,
iter any mixture thereof, shall be entered or vit. n out of airy ware.
louse, exceet for ex portation, unless the same shall have been brought
iota the port of London, and deposited in the warehouses of the said
• he Company ; and such articles shall by them be exposed to pub-
sale by section, in order to ascertain the duties payable therein;
I 1
irt an ether ports, as well as the port of London, such articles, 1
when amend, and taken out for exportation, shall be charged ac..
cordial, to their value, under the regulations legally applicable in
othereases to duties payable ad valorem ,
'4. That as long as the Government of lode; shall be administered
tinder the authority of the said Company according to the i provisons
to be enacted, the revenues and profits arising front the territorial ac-
quisitions in India, ear% after defraying the expellees of collecting ,
tile same, with the several chargesaud etipulatei payments,to which 1
the revenues are subject, be appikd„ and disposed of, according to the
• following order of preference ;—ln the first place, in defraying all the
ehargcs and expences of taishig and mAintronieg the forces, as we I
ilreyean as Native artillery and marines on the establishment in
in-lia, and of maintain tig Olefin's and garrisons there, and providing
warlike and naval stores. . Stir, In the payment of the interest ac.
eruieg on the debts owing. or which May hereafter he incurred by the
said (.ennited) in In t-r. 8:1y, In *fraying the civil and commercial
• tabllsliments at the several set lements there. 4thly, That the
whole or any part of the Surplus that may remain of the above de.
scribed rents, revenues, and profits; after providing for the several ap-
propriations, and eefrayieg tint several charges beforementioned, shall
• e applied to the provision of the Company's investments in: India, in
rem I t mites to Chive for the provision of investments there, or towards
the liquidation of debts in fridia, or such other purposes as the Court
of Directors, with the approbation of the board of Coenmissionets,
• shall from time to time direct. : ,
5. That the receipts into the Company's treasury in England, from
the proceeds of the sales of their goods, &c. shall be applied and dis.
posed of as t-llow s :-..first, in payment of hills of eithangc already
accepte.! by the Company, as the sane shallbecorne•due. Secondly,
for the current pay went of debts, (the principal of the bond debt in
Seglart • always excepted) as well as interest, and the pornmercial
admen aid i xpences of the said
oneCopany. thirdly, in paymentota
dividend of ten pounds per cent the recent, or asy future amount
i • • , . . . . . . . .
. .
. .

Al AW:11 /PS.

of the capital stock ef the said COMpany ; also in the payment of a fur-
ther dividend of ten shillings per cent upon such capital stock, after
the separate fund upon which the same was originally chanted by the
124tir dense of the 33d, cap. 32, shell have been exhanited, the said
payments respectively to be made half-yearly. Fourthly, in the re-
duction of the principal of the debt in India, or of the bond debt at
Oome, as the Court of Directors„ with the approbation of the Loard
f Commissioners, shall from time to time direct
6. That when the principal of the. debt bearing interest in India
:hall have been reduced to the sum of ten ns of pounds sterling,
elletil:ted at the exchange of le the henget current rupee; Bs. the
Madi ts paeoda ; a des. yd, the Bombay rupee, an . the bonded debt
Engine! shal have best reeticed•toethe stun of three millems
pounds ~terl;ng : then, tie surplus proceeds which shall be found to
• arise from the revenues of I teea, and the pr. fits upon the trade, atter
providing for the payments atoresaid, shalt he apelied to the more
speedy repayment of the capit .4 of eny public fluids or securities
%%elicit have been or may be created for the use of the said Campeny,
the charges of which have boson, or may be, directed to be home by
the said. Comp ; and chat any farther sue. fits that may arise shall
be set apart, and front time to tome paid into the rcscipts of his Ma-
jesty's Exchequer, to he a 'plied as Parliament shall direct, without
a iv interest to be peid to the Conipeny in respect or for the est thereof,
but neves eltelees to be considered ai.d declared as as, s Welted secure).
and
for the capital stock of the Company, and ter the divie end of a
half p-r cent. per annum in respect thereof, not exceeding the stills of
twelve millions of pounds sterling, and that the excess of such pay-
ments, if any, beyond the said amount of twelve millicee:, one sixth
part shall, from time to tine, be reserved and retained by the said
Company for their own use and benefit, and the remaining five-sixths
shall be deemed and declared the property of the peop'e, anti at the
disposal of ParliaMent.
Provided 4150, That if the Company's debts in India, after the
same shall have been reduced to 10,000,0001. sic• ling. shall be again
increased beyond that amount, or it their bond debt in England, after
the same shall have been .reduced to 3,41}0,00e1. shall he again in-
creased beyond that stun, the surplus proceeds shall be appropriated
to the reduction of such new debts respectively:
7. "Chit it is expedient, that ships built within the British ter-
ritories in the East Indies, and employed in the commerce between
India and the United Kiegdom, should, during the pies-eve war, and
for eighteen months atter the conclusion thereof, be permitted to im-
port any merchandise, the produce or manufacture r,f any countries
within the limits of the East India Company's charter, except as
aforesaid, or to export any goods, marehandiee frem this kingdom to
the East Indies, in the same manner as ships, British built, and duly
registered as such ; and that after the expiration of the period abeve
mentioned, the said India built ships should be liable to such other
provisions as Parliament may front time to time enact, for the Int-
. ther increase and encouragement of shipping and navigation ; and that
effectual provision should be made, at the charge of the owners end
cominanders of such ships, for the maintenance, whilst in the United
' Kingdom, of the Asiatic sailors employed in the navigation thereof,
and fur the return of such sailors to their native ceuntry.
8. That it is expedient to make provision•for further limiting the
granting of gratuities and pensiens to officers, civil and military,
or increasing the seine, or creating any new establishments at home,
in such manner as may effectually- pro:eot the funds of the same
Company.. 4
9. That all vacancies happening in the office of Governor-General
of Fort William, in Bengal, or of Governor of either of the CM,
pany's ['residences or Settlements of fort 'St. George or Bombay, or
of Governor of the Forts and Garrhons of Fort William, hi.rt St.
George, or Bombay, or of Commander_in.Chief of all the Forces in
India, or of any .provincial Commander-iieChiet of the Forces there.
shall continue to be Oiled and supplied by the Court of Directors of
the said United Company, subject, nevertheless, to tile approbation
of- his Majesty, to be signified, in .w citing, under his Royal Sign
Manuel, c,untersigned by the President of the Boardeet Commissioners
for the A ffiirs of India.
10. Thit. the number of his Majesty' trrops in India to be in fu-
ture maintained by the said Company, he limited, awl epat an augmen.
tation of three exceeding the number so limited, shall, unless em-
ployed at the express requisition of the said Company, be at the public
charg‘s,
11. That it is expedient that the Church Establishment in the
British territories in the East Indies -should he placed under the super-
intendence of a Bishop and three. Archtteadoiris, and that adequate pro-
vision should be made, irons the territorial revenues of India, for their
maintenance.
Mr. R. THORNTON peotested against the plan of the Noble 1 ord,
being certain it would end in the total ruin of the Company. It was
said they would allow foreigners to run away. with the trade ? /.14
•should be sorry that this should be the casee buhit was very hard to
the East India Comoaily, that. because the AMericans had, been so
much favoured in a e•eaty in which the East India Company's inter
rests were little coneiltsde the East India Company should now be
sacrificed on that account.; It was impoesible for the 'wives of In-
dia to be tile consurx.ers of our manufactures. How could one of
their peopl,!, whose annual income amounted to only to betwcen 31,