Star.
London, England, 1813-01-20 00:00:00

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wt. Jut of 70 extra 'ships in one year, 35 sailed
out of their proper seasons; and out of 40 large ships
-29 sailed at improper periodil These delays were
not dependent on the elements or on the enemy ; but
on motives to•which no trade ought to be subjected.
Mr. Hanle then proceeded to contend, that the Com-
pany would suffer no loss of revenue or profits by the
trade being opened ; and, to prove the truth of his
assertion, lie took a review of the different procefds
and expenditures to the Company under the following
lime heads, namely—Territorial Revenue and Ex-
,vences, China Trade, and Trade to India. The ex-
pences of the Territorial Government, on an average
of eight years, was £6,800,000; for this sum the
Company was indebted to cash. The profits on their
China Trade was upwards of #15,000,000, their di-
vidends amounted to 4112,500,000, leaving a surplus
tif 42,500,000; this could be accounted for by no
ether way than as being lost by the trade to England,
fOr which they were now contending. He was ready
to contend, that it was the China trade which paid all
the dividends of the Company. This the Government
was ready to continue to the Company, not from any
tight they had to them, but as a boon ; and when this
was so offered, as well as all their territorial posses.
*DM, was it for the Company to throw down the
gauntlet, ar.d put an end to all negotiations with Mi-
nisters, be_cause they were inclined to take away a part
of the trade frcm the Port of London, and give it to
the Out-ports; and that a trade which, lie was ready
to contend, was not at all beneficial to the Company.
It had been said this change would be attended with
danger to the possessions of the Company—that sug-
Sesuon he considered as ridiculous. It bad been said,
that the sailors employed, in case the trade were
thrown open, would be worse than they now are ; he
c untended, on the contrary, they would be better.—
%Sailors going from the Out-ports would leave their
-wives and families as pledges for their good be-
haviour ; whereas now, they had, in general, no
connections. It was also said, that the number of
ships would become incalculable; but their numbers
*would be limited by their success. He then pro-
' seeded to contend, that such was the state of India at
present, that no partial change which might be intro-
duduced into the country could endanger its security
or tranquillity. And could it be supposed, that a
force, consisting of a few straggling foreigners, rag-
gamuffins, &c. going from any other country to India,
could form any establishment, or gain any settle-
Inert in a country where there was ; force of from
'3150.M0 to 160,000 men on foot. He concluded, by
"rating, that it behoved the Court of Proprietors to
consider that their rights were firmly secured to them
%by the 3d of George 11. which secured to them their
territorial revenues ' • and also to consider, that at pre-
Sent their territorial revenues would not pay their di.
vidends, but thought they might do so at a future pe-
riod : but he would not have them to irritate Govern-
ment, and thereby induce them to say you shall have
justice, and strict justice; and he called on them to
consider what would by the effect of such a determi-
nation, on the part of Government on the affairs of
the Company in General ? With these impressions
On his mind, he should move an Amendment to the
Resolution ; which he did, to the following effect :
a That the Court of Proprietors being of opinion that the pro-
positions held fcrth in the Earl of Bu clan gkambhire's letter are preli-
minary steps to the renewal of the Company's Charter, recom-
mend that it be referred back to the Court of Directors to re-
new the negoclation with his Majesty's Government, being care-
ful, at the same time, to procure such regulations to be adopted
in the renewed charter as might reserve to the Company those
advantages to which they bad a just claim in the India trade,
and as might tend to the preservation of their territorial posses-
sions in India, and to prevent illicit trade being carried on ; and
also that they should require from the Ministers a guarantee of
the stook and dividends of the Proprietors, should Government
think fit on any futufe occasion to take possession of the territo-
rial revenues and trade of India."
Mr. Kama said, he most cordially agreed with the
Hon. Gentleman who had just sat down, in the com-
mencement of his speech, in which he had uttered so
honourable an enlogium on the Company, both in
Sts commercial and political capacity ; but that very
sentiment would prevent his agreeing with him in the
positions which had followed. It was not his inten-
tion, however, to follow that Hen. Gentleman through
. all his financial statements, but should confine him-
self to the argnment of the policy of any alteration

.• • • ,
edr commerce, that.. been. sucking our blood eyrie
since : he meant AMerica. The merchants, there.
fore, dreading an increase of American trade on .Bri-
tish capitals, proposed, in various memorials, to rake
up the whole trade with British India, if they would
live them small.fitiets, to prevent- it from falling
mit° the hancla of foreignets. This was not gralned,
and we had thereby furnished our enemy_ with the
means to break our own head's. For Gallatin,-the
American Minister, states that their treasury has been
supplied With no less than one million of dollars to
prosecute the war against this 'country, arising from
'the duties imposed on•goods imported th that country
from Calcutta. In the year 1801-!, the Americans
exported to India goods to the amount of 48 lacks
rupees. In 18034, SS and one-third lacks. In
1806-7, 85 lacks ' • being an increase of 37 licks in
seven years.—ln 1809-10,they exported to the amount
of 68 lacks, while the British only exported to the
amount of 74 lacks, making a surplus of six lacks
over a foreign Power to our own possessions. He
spoke these things from documents, references to
which he 'gave the Chairman te make use of against
bum, if he eciuld.—'Fhese things -proved that the ex.
pectations held out by the Company had not been
realized. Here hkd we been expending blood and
treasure to allow foreign Powers to step in and de•
prive us of those advantages which we fairly ought
to derive from a population of 60,000,000 of am
subjects. For his part, he considered that London
would actually be a gainer by opening theexport and
• import trade.—They had been told,. that the trade
fronfGreat Britain to India had not, and could not
increase : but he would say, that the exports had in
• spfeaced five tithes since the beginning of the Charter
[Here he read vari us statements of the averag
amount of exports in different years, to shew that
bad 'so increased] ; and he contended, that no boon
daries could be *t, in probability, to the advance o
Atrade. • This was, the time to consider whether th
a:tendon of this trade would be ruinous .to th
British commerce, which, he had almost said, wa
capable of carrying on the trade of the whole world
Ought the Company to be astonished at a•wish be
ing expressed to see a system like theirs improvec
when, out of 70 extra ships in one year, 35 saile