Complex sentence: At the beginning of the new year, he proposed a plan of retrenchment and taxation by which he hoped to improve the financial position of the British administration: his plan was introduced at Calcutta on 18 February, and transmitted to Madras.
Split into simpler sentences: 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. His plan was introduced in Calcutta on 18 February, and transmitted to Madras.