272 A. t). 1793. 



be repaid to them at par, before the legiflature can diveft them of theii' 

 exclufive trade. 



The company were alfo authorized to increafe their prefent ftock of 

 iive milHons by opening a fubfcription for another milHon with the 

 confent of the lords of the treafury, the prefent proprietors having a 

 preference of fubfcribing to the extent of fifty per cent on their prefent 

 llock, unlefs the capital fo fubfcribed exceed the propofed million, in 

 which cafe there muft be a proportional redudion on every fubfcrip- 

 tion. And they were directed to employ the money received from the 

 fubfcribers in reducing their bond debts in Great Britain to the fum of 

 ;(^i,5oo,ooo, which they muft not afterwards exceed, unlefs with the 

 confent of the board of controul. [c. 47.] 



June 11'" — The exclufive trade of the Eaft-India company, and the 

 polTeffion of the territorial acquifitions and revenues vefted in them by 

 former a61;s *, together with thofe lately acquired by them, were con- 

 tinued to them till the i" day of March 1811, and thereafter till parlia- 

 ment give three years notice of an intention to difcontinue them, and 

 alfo pay off any debt, which (hall be due by the public to the company. 

 But this grant was fubjeded to a multitude of regulations and provi- 

 fions. 



A board of commillioners for the affairs of India f are to fuperin- 

 tend, direcl, and controul, all tranfadions concerning the civil or mili- 

 tary government, or territorial revenues, according to regulations pro- 

 vided in this a6l. They are to have accefs to the books, papers, letters, 

 &c. of the company, who are required to deliver to them copies of all 

 refolutions, proceedings, &c. of the court of proprietors, and all letters, 

 received from their fervants abroad, relating to the civil or military go- 

 vernment or revenue ; and they are not to fend out any orders relating 

 to thofe objedls, till they are approved by the board, who may, when 

 they think it expedient, fend orders, concerning war, peace, &c. in India, 

 to the fecret committee of direclors, who, without difclofing the con- 

 tents, muft forward them to India. 



The government of the territories in India is vefted in a governor- 

 general and three counfelors at Fort- William (or Calcutta) in Bengal, 

 and a governor and three counfelors at each of the prefidencies of Foi't 

 S'. George (or Madras) and Bombay, the two later being fubjed. to the 

 orders and controul of the governor-general. The nomination of the 

 governors, counfelors, commanders of the forces, and all the company's 

 other fervants, is vefted in the court of diredors, who alio have the 

 power of recalling them. But the king by a writing under his fign- 

 manual, counterfigned by the prefident of the board of commillioners, 



* Particularly by the aft 21 Geo. Ill, c. 6y, which renewed the term of their exclufive trade, 

 f They are generally called the board of controul. 3 



