The Sun.
London, England, 1801-12-17 00:00:00

PROPOSITION

For the more speedy Transfer of the East India Company's
Debts i❑ India to c; /cat Britab, tot the Assistance •): the
Finances of that Country, art the Reduction ot the Charge
of Indian Interest. •

I To establish a Fund at the India-House, -bearing. S per
Cent. per Ann. interest, payable- half-yearly, and trans-
ferable by transfer hooks.
11. To this Fund all persons in India may subscribe Com-
pany's ponds, or other Paper in circulation, at a certain
exchange to be fixed.

Ili. As the C:.rnpany's Paper in India has.different.valuc
in the Markets in India, according to the tenor and rate of
Interest, proper consideration to be paid to those eirettrn.

stances.
IV. That the Governor General in Council have power to
adjust the rate of Exchange.
V; Thai the rate of Exchange be, in the first instance, only
settle.' ;or three or six months; that, by the result of the
trial, ft niay -be either increased or decreased, as may be
found expedient.
VI. That trausrer Certificates shall be granted to those who
subscribe, which shall bear 5 'per cent. per ann. interest
from the day of their late, payable at the India-House.
VII.. That, o.e produdion of any such' transfer Certificate to
c ;he proper Offices at the India House, an entry of so
:au6t Stock 'shall he made accordingi), in the transfer
books, in the namc'of the party.
V; 11. That such Stock shall be transferable at the Office, in
the si,,ne manner a 5 is usual with other public funds.
IX. That the Company shall be bound not to pay off'this
Stock for years, and to give_ years notice whenever

they may be inclined to pay-it off after that period.
X. That the Territorial Revenue of India, as •vvll as the
East India Company, shall be answerable for this Fund.
XI. That the Plan shall be published in England, and per-
sons here be invited ,to subscribe to the Fund. All such
Subscriptions being paid at the India-House, and faithfully
invested by the Court of Directors in dollars, and sent to
Lila to be applied towards the liquidation of the COM-
pany's debts, and nothing else. In such cases the parties
would have their names entered on the books here =me-

diately upon paying their Subscriptions.
XII. That private persons in England shall be allowed to
send out silver on the Company's ships, freight free, for
the purpose of subscribing to this Fund in India.
XIII. That a bonus, if necessary, may be given to persons in
Europe that will subscribe : and that a preference may be
given to the Proprietors of East India Stock. The amount
of these Subscriptions may be limited, and the instalments
made easy.

The CHA I RMAN wished it to be understood that
'he had already turned in his mind the subjea of
reducing the Debt in India-, and should certainly
bring forward his ideas to the Proprietors before he
quitted the Chair.

LOSS OF THE KENT.

At the desire of Messrs. CHISHOLME and IMP F. Y,
several papers were read relative to this unfortunate
capture, and after a long debate, in which those
Gentlemen,. with Messrs. Johnstoße, Cotton,
a Proprietor, Williams the D►redor, Mr.
Durant, Henchman, Sir William Bensley, Mr,
Twining, Capt. Seally, Sir Hugh Inglis, and the
Chairman, took an alive parti the decision of this
. question was referred to a ballot on the t+th of
January next.