Star.
London, England, 1811-05-11 00:00:00

FINP•w"

tHE ARMY.

ik retain a severe pressure on the home treasury,
their treasuries abroad had a large surplus. The Go.. ,
v'ernors in India, aware of the presume at home, had
adopted means to relieve it ; end measures had been
taken tb send to this country scrioo,ooo, by the way of
Chiaa. By advises received from India, however, the
day before yesterday, he had the satisfaction to inform
them, that the remittance would probably amiunt m a
-million sterling. But as prudent men, they ought not
sortarst to expectations, which accident might defeat;
and this application to Parliament was proposed, in or.
der to guard against the worst that could ha open. He
had further to state, that while comtnetce mother quar. . •
tors laboured under severe a depression, that of the
Company had lately been unusually productive. The -
profits of their trade had last year been larger than du.
ring any year of its existence; and tad not only met
theordinary charges, but yielded a surplus to discharge
a porn, aof the territorial debts. A great clamour had
been raises 1 ist year, on account of the million and a
half advanced to the Company. But this sum, he be-
lieved, would be balanced by the expellees of the Com-
pany in the caetute. if the Isles of Bourbon and France,
by itsadvances to the navy on the India station, and by
the ships furnished for Government service. At any
rate, the difference either srav would be but trifling.
From the exertions that had been made in the eon-
quest of the islands just mentioned, and the readiness
shewn to promote public objects of the greatest im-
portance, he trusted the Company had not forfeited
through its servants the high character which it de-
served. He concluded by proposing, that the Court
approve of the Resolution of the Directors, the Peti-
tion to the Commons, and the Draft of the Bill.
Sir Herm Limas and another Director corrobora-
ted the statement of the Chairman, as to the flourish-
inz condition of the Company's affairs ; and stated
besides, that it would probably not be necessary to
avail themselves of the permission solicited from Par-
liament to the full extent. A part of the territorial.
debts payable in this country had been already dis-
charged.
It was likewise intended to raise the sum
wanted gradually, so as to avoid producing any stid- 1
den violent effect on the state of the money market.
The Resolution, &c. were then approved unani-
mously.
Mr. Bosaeourr stated, that there was another Re.
solution of the Directors to be submitted for their ap-
probation. It was this—" That it was expedient that
the Directors should be. enabled on an emergency to
take up ships for a single voyage; either with or with-
out advertisement." It sometimes happened, that it
became necessary to take up ships at once, without a
previous advertisement of 14 days, as required by
the regulations respecting what was called the New
Shipping 'lnterest.
Mr. Rica thought this an important subject, and
one which required 03 asideration.
Sir HMIs lamas said. that the Resolution had been
unanimously adopted by the Directors, and was so
obviously expedient, that it was hardly possible not
to approve Of it. As there was now •a very full at-
tendance, it would be better to decide the-question
immediately.—The Resolution was agreed to, and
the Court adjourned.