Complex sentence: Towards the close of 1859 James Wilson was appointed financial member of the legislative council of India, and at the beginning of the next year he proposed a plan of retrenchment and taxation by which he hoped to improve the financial position of the British administration.
Split into simpler sentences: Towards the close of 1859, James Wilson was appointed financial member of the legislative council of India. At the beginning of the next year, he proposed a plan of retrenchment and taxation by which he hoped to improve the financial position of the British administration.