The Sun.
London, England, 1803-03-15 00:00:00

•
Charges—Estimated for 1800-t, 4,42„2,04,
Aetual Amount, , . 4,750,611

More than Estimate, -

358,564

pedal Excess of Revenue front'Excess of Charge,
the net Revenue is less than Estimated,

19,433

And the net Revenue for 1800- I, is

r,877,723

ESTINIATES

Revenues, -7,0 s r, ;64
Charges, - 4,532,2°1

Net Revenue,

2,468,963

Revenues Estimated more than in 18•0-t, - 392,830
Charges ditto, less ditto, 198,410
•

Net Revenue Estimated for 1801-2, more than pre-
ceding year, - - ' - " 592,24°
The Committee would observe from this state-
ment, that the estimated charge for 1800-1, was
4,422,0471. and that the actual amount of the
charge was 4,780,6111. making a differehce be-
tween the aftual and the estimated charge of 358,
5641. As the Officers of the Company had always
strewn great accuracy in making up the Estimates,
and had been particularly cautious not to mislead
by over-rating the Revenue, he wished to explain
to the Committee, how it,happened that there was
this 'excess of the actual, over the. estimated charge,
and to shew that there' was no ground for impeach-
ing the accuracy of the Officers who had prepared
' the Accounts.. In the first place, these Estimates
referred to a period of war,' and every body must
be aware of the impossibility of strk accuracy and
precision in Estimates during war. But, in addi-
tion to this, he begged to state, that in the year to
which he was alluding, the Expedition to Egypt
took place, which certainly was not. in contemplation
when the Estimates were made, and from this cir-
cumstance there would be found a difference .be.
tsveen the Eitimates and the Atha] Charges in all
the Presidencies. He then proceeded to state the
Revenues, Charges, and Estimates with re-
gard fa Madras, but,' in doing so, he begged
to apprize the Committee that the Estimates
and Accounts related only to the old. Posses.
sions annexed to chat Presidency, otherwise it
would be impossible to make- a comparison between
its present and its former state, because from• the
accession of Territory and Revenue,. not only by
,the conquest of the Mysore, but by Treaties with
the Nizam, an average of the aggregate of the Re-
ceipts would not constitute a fair ineans of compa-
rison
with any cornier period. , Having trade this

The Average of these Revenues, from 1701. g to
1800- was r,635,A8

Which exceeds the Average on the Years 1797,8
to 1799.t800, - - - 82,734
Eitimated for 1800- t, - . 3,277073
Actual Amount, 3,540,268
!tee than Estimate, . 263,195

Charges—Estimated for tgoo- t 3,765+9r3
Actual .aimount.
- 4,293,3 io

More than Estimate

527,397

---
Dcduaing Excess' of Revenue from 'Excess of
Charge, the net Charge is, more than estimated 264,202

And the net Charge of the Year 1800-1, is

7c3,041

ESTIMATES, 1801-2.
Revenues, 39,040
Charges, 4659.3 IT

Net Charge;"

660,271

Revenues est;mated more than aaual, tgoo-r, 358,77 z
Charges •ditto more than ditto, 266,000

Net Charge for 1301-2, estimated less than the
preceding Year, 92,772

The Committee would see from this statement,
that there was a greater difference between the
estimated and atlual charge in Madras than there
was in Bengal : this difference arose from two
circumstances, first because it was principally from
this Presidency that the Forces were sent upon the
Expedition to Egypt, and secondly because there
was a great interruption in• the tranquillity of the
Southern Provinces, occasioned by the Poligars,
which caused great additional expellee.
With regard to the Revenues and Charges of
Bombay, he wished to observe, that the Transfer of
the Malabar Province to Madras in July z Soo,
having greatly reduced the Receipts at Bombay in
the year 1800.1, an average on the gross colledions
of three years, could not properly be drawn for a
comparison. In this case it was also proposed to
make an adjustment, and take the average, excl'ud-•
ing the Revenues of the Ceded Countries, which
was,
From 171i8-9 to 1800-i - - It r,Bg2

Which exceeds the average on the years 17971 to
1799, ilioo 24,767

Estimated for Loo- r 300,475
,dual amount - 286,457

Less than Estimate

C harges—E st hnated for 1800.
Actual Amount • •
More than Tstimate

14,0 ig

1,030,99;
16290 7b

298,183

Add' Deficiency, of Revenue to the Excess of
Charge, the net Charge is more than estimated 3 ti,zo

And the Net Charge of the year tgoo--1, is

,ESTIMATES, 1801-z.

x,04Z,71v

Revenues 271,8zs
Charges 1,18ii.30g

Net Clieges

Revenues estimated less than ado. t
Charges ditto less than ditto

having stated the maq,nitede of the Deficit, the
Committee would not be surprized that the amount
of the Investments was not so great as it might
o'herwise have been cxpcdcd. The next subject
which he wibbe to submit to the Committee was
the Debts of the Company in India. They were as
follow :
Amount stated last year
Amount thiS year -

I ncrease

Debts transferred in the ycar

4.14fi4(1,432
17,674,532

3,034,130

BbBBB

.. . „ . .
Debts bearing Interest.
Amount last year - ,- 12,30,57
Amount this year - - 15035,354

Increase of Debti bearing Interest - 2,833,784

Amount of Interest payable by the Accounts
of fast year r,082,042
Amount of Interest payable by the Accounts
of this year

1,342,853

Increase of Interest payable annually

26o;8

Assets in India,
Consisting of Cash, Goods, Stores, &c. last
year
Ditto ditto by prcsent Statement

12,113,92 k

Increase of Assets

544,369

Detina
Increase of Assets from increase of Debts, the
State of the Company's Atrairs in India Will
appear worse by 2,489,761
. _
The next subjea to which he called the attention
of the Committee was the Howe Accounts of the.
AC
gogmr.
aa
tn e yAmount of SACS 101-2 ,C. 9050'W
Leas than.last year ,C. I, 057,465

On Company's Goods alone
Private Goods .
,Neutral• Property

971,554
77,361
118,344

. .
. z. 1067,45) .10 400
Sales on Company's GoAs, estimated at . k • 7,'-,' -/
Actually amount.Al to. - ' 6,630,46,
---7,•-
-
Being less than estimated - 4:4T5,9 '3'
The Reutipts on the S.xlcs of the Company's,
706 i
,90;
L;oci:ts estimated at -
Adnally amounted LI - - ... - 6,30'19z

•
Being less than estimated _ Szs,/z5
Charges and Profit on Private Track estimated at Pto.°°,°
Aettiatly,amounted to -193•5 v,
Being more than estimated' - 3C • 93,563

The Balance estimated to be remaining in favour
on the Ist March, tBoz, amounting to .486410'
would by the admit Accounts have been considera.._
bly against the Company from the disappointment
in the receipt on the Sale of Goods, and. froni de-
ferring the disposal of.the Loyalty Loan ; but front
some- additional ReceiPts _on.' Profit. on' ..Pstivatet
Trade, and from Government for Stores, &c. %Orb
postponement of -theTa'yment of the Debt to-the
Bank, amounting to Soo,oool. the Balance on the
Ist March 18oz, although the Supplies to Indli
and China exceeded the Estimate, upwards
ioo,oool. still remained in favour, to the miring
of 168,7;91. being less titan estimated 317,9711!
The Estimates for Boz-3 were as follow •
Receipt for Sale of Company's Goods 4.6,50 pi&:
From the small .Balance at the corn-
mencement of the, year, and the.o. •
tensive Supplies required for India and
China, also the expectation of liqui.•
dating the Debt to the Bank, the Ba.
lance against the Company, on the Ist
March 1833, is estimated to amount
'•••
to . 1,0405

DEBTS AT DOME.

On tst March, 1801
On “t Niarch, itioz

•
• ;693,919
4,82-2,0;
57103°6

Decrease
ASSETS AT HONIE.
On Ist March, iBpi ,
On Ist March, ttioz -

,
Z. 15,404.79
16t8oloact.

Increase

k• 1,394)°24r

Adding decrease of Debts to increase of Assets,
the inwrovemen: of the. Home ConCern in this
year. is . ?C. .4969.33'
• ' CHINA AND ST. HELENA..
Balance at China last year ix favour 4. 1,226,079
Balance at China by the prcs.:nr Ac- •
counts -

Decrease 4.. 206,5i8
Balance at St. Helena on 3c..tli Sept.
1799, in favour 4.5,366
Balance at St. Helena on 3otli
Sept. duo, in favour k.7,.551

Increase

T 9,486

Net decrease at. China and St. Helena it... .
tS7O4/
GENERAL. COMPARISON of DEBTS and ASSETS.
Increase of Debts in India - _
~L* . 3,0c3 71:13a63'
Decrease of Debts az Home -

• . . .
Net increase of Debts - J. 2,464,8x4
Increase of Assets in India - k. 544,3(:4
Increase saf Assets at Home -1, 3.0,,--,44

k • 1,942:393

Dedua
Net decrease of Balance in favour at
China and St. Helena -

187,(42,

1,755,35$

Net increase of Assets -
Deduced from the increase of Debts would -show
the state of the whole concern to be worse than
at the conclusion.of the last year it the sutn2f 707,40
Which sum was subjea to alteration on the 611411
adjustment of the claims of the Company on Go'
vernment, included in the Home Assets to the
amount of 3,573;3394 making an increase in this
year, under t:Ais head, of 9°0,8991,
Having now gone through a general state oftlie
Affairs of the' East India Company, both at .110016-
and abroad, comprising their Revenues, Char'
Debts, Assets, &c. he should now-proceed to
the Committee in possession of the hest outline in
his power of the. prospeai ve view of their situation.
The best way that occurred to him of doing (1"
would be to state to the Committee, first, the c%-
tent.of the lncurnbrances upon the Company, Iher)
the extent: of their means to meet these inctur•
hrantes ; then the, mode in. which it was proptriea
to apply those means for the amelioration of theft
i
affairs, and tlieresUlt. that might fairly be expeaea
from the adoption of these 'measures ; and lastly,
to state What was the expeaatioo of the public
from the Company, either.__ n ,the alternative
of Peace or War. In order' elucidate this
subjeft, he had moved for. these- Accounts, whn
i'
would put the House in possesslon of all the tnate:o
rial fats. And first, with regard to the Incurn;
is,leerq, the Estimate of the Revenue and Chargl