The Sun.
London, England, 1833-06-10 00:00:00

7leta has yet bee n Pro Pose to
agreede u g
pon
ive ffect 'to the plan, the basis M
en .
lVecial General Court be summoned to meet on on.
tc the 10th instant, for the purpose of laying before
Ztors the further correspondence, together with this

!is a letter to the Right Honourable Charles Grant,
Lnig a copy of the foregoing resolution, was read and

On a motion,
Llilat the whole of the proceedings of this Court,
e 'co-,: anY Committee of the whole Court, together
ir • "Pondence which has passed between his Ma-
•lnisten and
°4 t° th the Court of Directors since the last cotine-
court e rtproprietors, be printed and laid before h
3tof an
atr, . advertisement, summoning a Special General
AZletors for Monday next, the 10th instant, and
r, et notice that the further papers respecting the
14,°barter, to be then laid before them, are now
-fttth 1',..il I be ready for delivery to the Proprietors at
." Monday next, at ten o'clock, was read and ap-

It ?Lc,
THE CHAIRMAN AND DEPUTY CHAIRMAN
4U1..
'4 RIGHT HON. CHARLES GRANT.
East-India House, 7th June, 1833.
I;we had the honour to receive your letter, dated
1%1.'4% explaining the opinions of his Majesty's Mi_
cf,t,he two points arising out of the General Court's
d ultimo, which formed the subject of our
1011 41°.4 to you of the 29th of that month.
4qii. id Your letter before the Court of Directors, they,
ttet;"4ee, have adopted a resolution, copy of which we
Iv— enclose.
e have the houour to be, Sir,
Your most obedient humble servants,
(Signed) C. MARJORIBANKS.
W. WIGRAM.

ion „‘
they
that,
with,
jui;
intguio,
an Y
nd ,vo;i
cearp,uni.poo

4i.,
—NI. Charles Grant &c.
:bett dcom
'
44 ment read was a dissent of the Secret
k ' agreed to at a meeting held this morning, from
aft laid down in Mr. Grant's letter. The first
tnich the committee expressed its dissent related
llarantee Fund, which they urged ought to be
ti "'us instead of two millions. The other
kstti.. to the publicity which the Court claimed,
ofilll'eases, as necessary for the good govern-
ail f"Lar by checking any arbitrary proceedings on
it 'Lthe Board of Control.
lea Jacxsota and Dr. GILCHRIST rose at nearly
,),1111,.°Inent, but the Chairman decided that Mr.
ttCa° possession of the Court.
ktiLeitalsr, amidst loud cries of " order" and some
listijoressed his opinion in favour of the Court having
ki abider of the correspondence just read to it, and
ti 41 af gentlemen having been allowed at the last
Il lb Peak six or seven times, and occupy their at-
tlt.;° Or three hours.
'tfts.'aelcsoN said, that as they bad had the opportu-
S-t 7, tog the correspondence this morning, and had
,14,7,a clerk in his reading line by line, he thought
. ik'al:Y competent now to decide the question before
Nit, "at question had become exceedingly narrowed
I,,waeeedings that had taken place, and, in point of
4 Presented only two points for consideration.
bad'i
Proprietor then recapitulated the steps
4,,, been already taken. He. congratulated
Nitol"' Proprietors upon the concession of the Board
lail)11 by which the Guarantee Fund was made
tits e for the dividends as well as for the capital of
'tqa4Y. and by which the natives of India were, for
i, 44 secured in the enjoyment of that Government
tti) c'rnPared with Ahem former condition, had
1a
at the h ippiest of mankind. It was also matter
4:0-dation that his Maji,sty's Government had
4 t 0 leave at the disposal of the Com-
tit, certain portion of their commercial assets
~.I%*'3,aered purpose of pensioning the talented
;Ili' "two circumstances rendered it necessary they
i44kharge. Referring to Mr. Grant's letter of the
Nit!, the Han. Proprietor pointed out how great a
tpttill the Right Honourable Gentleman had made,
ittlet that the dividend should by law have a
to all other territorial payments in this
IC 41 Another important concession was the giving
a claim of a veto on the recall of military
a'' or '' in India.—(Hear, bear, hear.) The
L'ilit„,birectors had done perfectly right in resisting
re,L.CS for they of course knew every minute parti-
ttATecting the fitness •or unfitness, the good or bad
14Y military commanders in India, whilst
'11),; 0f Control, which claimed the veto, could
C. imperfect knowledge in that respect. It
C:4 wise, therefore, in his Blajesty's Govern-
itr give up the claim. With respect to the
ty. Government"c the Court had asked for, as h'
were ready to entertain any practi-
eaped
f that for the purpose of obtaining it, he
fivot., "ne would be suggested in the Court which
iiu the objections of his Maj•sty's Ministers. In his
1, dung sentence Mr. Grant had these important words :
t,,Y the Legislature the various parts of the measure
114fullY canvassed and finally arranged. Now there
lit„ 00 doubt that, in the course of the discussions in Par-
litist.ilatails of unspeakable importance would demand
IhN'ution, and therefore in the resolution he should have
j :411' of moving, he claimed, on behalf of the Com-
a communication of the earliest printed copy of
ll' and the earliest intimation of any changes in the
fstq the plan. There were some details which had
ihtetrri been alluded to, but which they had a
tilarest in. For instance, by what name was the
°Y to he known ? Not by the name of " The r,
16, "rapany of Merchants of England, trading
tpfi
,East Indies," when, in point of fact,
1.1110 cease to trade altogether.—(Hear.) Per-
II might be called the "Joint Company, for the
4 nment of the British territories in England,"
,4
• Y rate, as in other points, they ought to have
istWbat they had snore. particularly to consider now,
pu Were the two points of the amount of the Gut-
Ikiipi "0 and of publicity. With respect to the
thttlts although it was true, as the Right
`hi resident of ti e Board of CA ntrol had said, that
tits•], re had, in the first instance, suggested that
%.'' li-,'")na would be sufficient as a Gil trantee
0111,- must be recollected that circumstances had
Okf` changed since that suggestion was made. As
VIAILIIIan and deputy-chairman in their letter of the
4'.' Observed, nothing definite Lad then been arranged
i 40 to the term of the annuity, and the view
Itht i
t:" by the Proprietors was, that at the expiration
il t,;1:41 (since limited to forty years) the Guarantee
l_th its accumulations should be equal to
osh
V tal then to be discharged.—(Hear, hear.) Of
itt, 4°,thing less than three millions could effect this
si 1,1,11 e Chairman, in the same letter, afterwards
ittl,,„ "e same principle might, perhaps, be main-
'a4.'"plustently with a limitation of the fund to two
,Nc, ' 1 determining that the annuity should be irre-
N, e (unless at the option of the Proprietors in the
sese
1,, ,th Y separately provided for) until the Guarantee
'Il 4 all have accumulated to twelve millions." He
N''t quite agree in thinking the two millions
mill.it upon this principle as good as the
1$ 0114 proposed on the original principle, for, in
N lt, war stopping the remittance of the dividends,
rh
Ltr'lliona would pay those dividends for a longer
Ili, hthan two millions. His Majesty's Govern-
-014 elvtver, having in Mr- Grant's subsequent letter
istttittli of June agreed either to let the annuity
1,40, 'eine le till the two millions accumulated to
:I°r till the country made up the twelve millions,
'ILNis the difficulty in the way of accepting two millions
Or
I'xl three millions as a guarantee fund was removed.
\,` of ~,t Point in order to be considered was the dis-
.Ve two chairs, as far as regarded the publicity.
.I'l4 -4> fear.) TO show the necessity of it, it was
ile,,
4 "sat to name one or two cases that had
VY tr Y •
at *l"nanired,—the fist was that of Mr. Rickettr,
ttilit 'ell theßoard of Control said there was no demand
1154,4 eOtnpanyth either in law, justice, or equity, yet
itkltsd the party had friends who went round and
tx i .P members for the purpose of supporting
lt,follo justice, a Bill to make the Company, who could
1,i,, such a plan, liable, was brought in and carried.
"\.sti It4._ his friends to. stay a little, for he had a
S'Bl,k`be case yet to bring forward. What dill they
''t liPot;",e Nozeed affair ?--(Laughter.) He need only
t'kt IVs that the second reading of it being brought on
,Itilt,:qoestlay, the Lord Chancellor, who had brought
1111,curful mind to bear on the matter, and who saw the
tili°77 kiSii,„l/tive of the whole affair, reques!ed that it should
, re.• lit,'le',4ed only till the Friday ; but what was the
s'"ler' 'V. "'eh he received? Why this. "No; we cannot
~,e;rte ll,tell, friends ate down to-night," and in that way
;se Yid it ill carried through the House of Lords. But
• fed,de. ts,that4 despair; Lope broke in upon him ; for the last
;Pro Yke:e 0 brought in of such a kind was, through the
Cotlios Si: 41 ality of Mr. Charles Grant, and that young
dt....0r, SLity'j'. Alacaulay, who would yet be one 0f his
h"lghest honours, thrown out. They at once took
. ra• it:rattileY the horns, and had a majority on their side.
'oolt°,t !itt:4l4 4„t saw a thousand evils in publicity, but
0 tfrs I Nltyllt
fang
a plan by which it would be secured
4, Stt. Ito Parliament, or depending up, n any
ow"( tii't itl would strongly recommend the Directois to
Dv/ of 11 he anY case where they thought it necessary ; and
arlaf %,11tf 41,,P1e the law that all such protests should be
o"der I:itst: ,:e'' that Court—(Applause.)—and thin let
ii the I, it, what i fEatt their petition would have,
5Y ii k qte I°
oic l th Pi otest had been duly considered. He
latil r:Eidenrt for the hearing they had giv, n him,
" his motion• which was to the effect that...

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