Star.
London, England, 1807-07-31 00:00:00

EAST INDIA B NDS.

Mr. DUNDAS having moved the third reading
of the Ealt India B•inds Bill, _

Mr. CREEVEY faid, when he formerly expreffed
a with that the farther progref. in this Bill fhould be
pottponed, he did fo becaufe the neceffary accounts
were not then all on the whir. They had fume been
produced, and they were by no means calculated to
fatily him, that the Company had any prolpeet of
being able to produce a revenue which thould at any
time greatly exceed their expenditure, or luch as
would enable them to provide far the payment of
thefe B )nds. It appeared to him, that there was
even on the accounts, 1805 6, a deficiency of
z,oco,ccol. He had heard an Honourable Mem-
ber, a Diicetor of the Company, ta'k of a refidue of
nearly 1,000,c001. He law, indeed, on looking into
the accounts, a balance in one place of 600,0001. but
in this view of the cale, the interefi of the debts due
by the Company was not provided for. Calculating
on this and the other expences, there was a deficiency
for the year 18c5.6, of nearly two million, and for
the preceding year of 1,600p001. He was there-
fore more than ever confii need in the opinion, that
there was an impoffibility in foppofing that the Corn
pany could ever have a net furplus revenue, or timid
ever be able to provide for their debts abroad and
at home. As, however, it was admitted by the Ho
nourable Dire&nr and by the Chancellor of the Ex-
chequer, that no claim could lie agaiolt the public
on account of the booth now to be ilfued, or any
other debts of the Company, and as it was under-
Rood that an inquiry into the Rate of the Company's
affairs was to take place early in the next Seffion,.if
the Eall India Company could borrow money in
the way propofed, he fhould not objet to it.
Mr. DUNDAS contended, that by properly ana•
lyzing the accounts on the table, the Honourable
Member would have found that the accoults for
1806 7, instead of a deficiency, produced a furplos
of 800,0001. ; and by a necettary attention to the ex.
penditure, he had no doubt it w old produce fuch a
fur pins as would be fufficieut for a Ipesdy liquidation
of their debts.
Lord FOLKESTONE declared, from all thelff.
tension' he had been able to pay to the fobjeft, that
the deduction drawn by his Honourable Friend near
him ( Mr. Creesey), not that of the Right Honour-
able Gentleinan'oppotite, was coned.
• Mr. DUNDAS explained.
General TARLETON faid, he had it hi chine
from his conflituents to oppofe the Bill; and partici'.
fatly to oppofe the renewal of the C impany's exclu-
five Charter, which, when it came before the Houle,
he fhould feel it hi. duty to do.
Mr. WHITBREAD thought that the weigh; of
teßimony was at prelent again the Company. If
however an Hon. Member of the Board of Controul
( Mr. Johnflone) whom he now law in his place,would
kin hi. teflimony to that of the Gentleman at the
head of the Board, as to the Rare of the Company's
affairs, and the probability of a favourable iffee, he
fhould be fatisfied, at leaß ft would go far tO make
him credit the datement of the Right Hon. -Gentle.
min Dundas). . .
~h

•T. Bill was then read a third time.
On the question thit thesßill do ph,
Mr. WHITBREAD laid, that, obferving the Ho-
nourable Gentleman to whom he alluded, prefenrid
a determined filence, he mutt object to the palling of
the Bill, •

Mr. JOHNSTONE felt himfelf extremely flatter.
ed by the appeal made to him by the Hon. Gentler
man oppofite. Gentlemen, however, would recollea
that he had always been imprelfed with a gloomy
opinion on this fubjea. He confeired he did pot at
this•moment look to the future fituation of the Com-
pany with a fanguine eye. By prudence and econo-
my he thought much might be done ; but the Com-
pany ought not, and could not expea a great addi-
tional revenue. As much was already drawn from
their territories as could well be expelled. It was there-
fore to economy principally they were to look for a
change in their affairs. As to the fupport to be given to
the inclination of his conftituents, ten years hence, by
the Honourable General (Tarleton), he could only
fay he hoped the Honourable General would, at the
expiry of that period, continue their reprefentative.
But at the fame time, he had no hefitation in decla-
ring it to be his fixed opinion, that the prefervation
of our empire in that quarter of the globe depended
on the prefervation of the Company. If the patron.
age thence to be derived once found its way into the
hands of any Minilter of this country, be he whom he
might, there was an end to the conftitutioa of this
country.
Mr. WHITBREAD raid he mull now oppofe the
palling of the Bill.
The Bill, however, was patted without a divifion.