544 A. D. 1773: 



er fraud twelve months, or acquired by fuccedlon, the cuftom of Lon- 

 don, or fettlement. No perfon, who has been employed in any civil 

 or military capacity in India, can be eled:ed a diredor, till he has refided 

 two years in England. 



The civil and military government in India, and the management of 

 -the territorial acquilitions in Bengal, Bahar, and OrilTa, were vefled in 

 a governor-general with a falary of ^^25,000 a year, and four counfel- 

 ors with falaries of /]io,ooo a year each, to refide at Fort-Williara in 

 Bengal, to whom the prefidencies of Madras, Bombay, and Bencoolen, 

 are made fubordinate *. 



A fupreme court of judicature was alfo eflabliflied at Fort-William, 

 confining of a chief jullice with a falary of /^8,ooo a year, and three 

 other judges with falaries of j^6,ooo each, all appointed by the crown. 

 This court fuperfeded the mayor's court at Calcutta. 



The falaries of the governor-general, counfelors, and judges, were di- 

 redcd to be paid by the company out of the territorial revenues; and nei- 

 ther they, nor any other civil or military fervant of the crovvTi or of the 

 company in India are allowed upon any account to accept any prefents, 

 or to engage in any kind of trade : but counfelors at law, phyficians, 

 furgeons, and chaplains, are allowed to receive their profeflional fees. 



The intereft of money in India is limited to twelve per cent. [13 Geo. 

 Ill, c. 63.-\ 



In confideration of the prefent flate of the Eaft-India company's 

 affairs, parliament granted therri a loan of ^^i ,400,000. Ai^d as it would 

 be impoflible for them to repay this fum, if government fhould con- 

 tinue to receive ^400,000 a-year out of their territorial revenues, there 

 appeared a neceflity of relinquifhing that claim, till the company fliould 

 be enabled by the application of the whole of the clear territorial reve- 

 nues, and the whole of their profits upon trade, excepting a dividend 

 limited not to exceed fix per cent per annum, to repay the money ad- 

 vanced by government with the intereft on it. After the repayment of 

 that debt they were allowed to make dividends not exceeding feven per 

 cent, till the clear revenues and profits, being applied to the diicharge 

 of their bond debts, fhould reduce them to j^i ,500,000. 



The company were obliged to fubmit a ftatement of their profit and 

 lofs every half year to the lords of the treafury ; they were reftrided 

 from accepting bills, drawn by their fervants in India, for above 

 ^300,000 in a year, exclufive of certificates to the amount of ^^5, 000 to 

 the commander and officers of each of their fhips, without the confent of 

 the lords of the treafiiry ; and they were bound to export to the Britifli 

 fettlements within their limits goods of the growth, produce, and manu- 



• Before the year 1707 the company's fettle- and independent ; but the want of harmony and 

 ment in Bengal was dependent on that at Madras, concert produced great inconvenience and difor- 

 Afcerwards the prefidencies were all co-ordinate ders. 



