The Sun.
London, England, 1822-07-18 00:00:00

EAST INDIA HOUSE.

A Special General Court of Proprietors of
East India Stock was yesterday held at the Com-
pany's House, in Leadenhall-street, for the pm.-
pose of considering the Draft of a Bill now pend-
ing in Parliament, for the adjustment of the long
existing account betweeH the Company and the
Public. The Chairman (J. PATTISON, Esq.)

having stated the business which the Court was
summoned to transact, acquainted the Proprietors
that certain proceedings in the Court of Direc-
tors, and a correspondence which had taken
place between the Company and his Majesty's
Ministers, relative to the adjustment of the ac-
count between the Public and the Company,
should be read for their information.
From these documents it appeared that the debt claimed by
the Company on the 30th April, 1821, was x'18,5-19,059
The debt due by the Company to the Public was —.1206,843

Balance in favour of the Company £5,682,216
But Government had objected to various items included in this
balance, by deducting which from the sum claimed by the
Company, the balance had been reduced to £1,300,000. The
result of the negociations was, that the Government agreed,
Ist, To pay £1,300,000 to the Company, to be applied by
the latter in liquidation of the loan of 1812.
2d, The public property now in St. Helena to be given to
the Company.
3d, All drafts on account of public service in India, up to
the 30th of April last, to be paid by the Government as they
became due.
4th, Outstanding claims for hemp supplied by the Com.:
pany to the Navy Board to be liquidated by Government.
sth, The Government spices, from the Moluccas, now in the
Company's warehouses, and the net produce of such as had
been sold, to be made over to the Company.
On these conditions, all claims between the Company and
the Public, up to the 30th of April, 1822, to be finally settled.
On the other hand, the Company to forego the claim of any
expence incurred at St. Helena, subsequently to .1821.
- The Papers having been read,
The CHAIRMAN shortly called the attention
of the Court to the adjustment of the account
between the Company and the Public, which he
described as perfectly fair and equitable toward
both parties ; and he concluded by moving,
" That the Court do approve of the Bill intro-
duced into Parliament on the basis stated in the
negociation, for adjusting the claims between the
Company and the Public."
The Deputy Chairman (W. WionA.3l, Esq.)
seconded the motion.
Mr. LOWNDES congratulated the Court on the
beneficial nature of the accounts which had first
been laid before them. In recovering possession
of St. Helena, they ought not to forget that the
monuments of that illustrious and extraordinary
man, who would to the latest posterity be con-
sidered one of the most wonderful beings that
ever existed, fell into their hands. That was no
small treasure ; for he believed there were many
people who, on speculation, would give 2,000,000/.
of money to procure possession of that illustrious
person's body, to shew it about from one king-
dom.to another.
Mr. TUCKER expressed his satisfaction at the
arrangement which had been effected between
the Government and the Company. In his
opinion, the thanks of the Proprietors ought to
be given to Mr. Bosanquet and Mr. Robinson,
who were selected as Commissioners to act for
the Court of Directors on this occasion, and also
to the Directors themselves, for the efficient
manner in which they had conducted and con-
cluded the negociation with Government.
The motion, approving of the Bill now pend-
ing in Parliament, was agreed to.
Mr. TUCKER then moved the thanks of the
House to Jacob Bosanquet, Esq. and G. A. Ro-
binson, Esq., and also to the Directors, en masse,
for their able and efficient services in .the course
of, the negociation with Government.
Mr. BOSANQUET was anxious to decline the
honour, and he believed if his friend Mr. Robin-
son were present, he would express the same sen-
timent. if lie and his Hon. Friend had suc-
ceeded in rendering any benefit to the Company,
the recollection that they had done their duty
was sufficient reward.
Mr. TRANT expressed his approbation of the
conduct of the Directors.
After some further conversation, the Resolu-
tion of thanks was unanimously agreed to.
Mr. BOSANQUET returned thanks for himself
and Mr. Robinson.
The CHAIRMAN returned thanks on behalf o
himself and his Colleagues.
CLAIM OF THE CALCUTTA BANKERS.

The CHAIRMAN informed the Court, that cer-
tain Papers which were presented to Parliament
since the last Court, were now laid before the
Proprietors for their consideration. Those Papers
were of very great importance. They related to
a claim of very great magnitude, which had been
made on the Company by Mr. Prendergast, as
the Agent of certain Bankers in Calcutta. That
claim was now before a Committee of the House
of Commons ; and without meaning to provoke
any discussion on it at present, he must say, that
the Court of Directors, satisfied of the injustice
of the claim, would give it every opposition in
their power.—(Hear,:hear !)
The titles of the Papers were then read, and
the documents were laid on the table for the use
of the Proprietors.
EAST INDIA TRADE BILL.
Mr. TRANT inquired whether the Resolution
of the last Court, relative to India Built Ship-
ping and the duty on East India Sugar, had been
communicated to his Majesty's overnment
and if so, whether any answer had been received ?
The CHAIRMAN said such a communication had
been made, and an answer, which should be read,
had been received by the Court of Directors.
The Clerk then read a letter from I'. P.
Courtenay, Secretary to the Board of Controul,
in which he stated, that it was not the intention
of Ministers to press forward the Bill, for con-
solidating the East India Private Trade Acts
this Session, but that it was their determination
to bring forward that desirable measure early in
the ensuing Session.—(llear, hear !)
DISPUTE WITH CHINA,
Mr. LowNnEs wished to know whether the dis-
pute with the Chinese had beeh amicably settled?
and whether the Company's ships would bring
home as much tea this year as they were accus-
tomed to do?—ln consequence of the dispute, it
had been rumoured, thatthe Company's ships
would not bring home so much tea as heretofore,
and the tea-dealers had immediately raised the
price of that commodity.
The CHAIRMAN said, the Hon. Proprietor
must be aware that it would not be prudent to

answer one of his questions, and with respect to
the dispute with the Chinese, it had been amicably
settled.
Mr. R. TWINING defended the Tea-dealers
from the charge of having raised the price of Tea.
—The Court then adjourned.