A. D. 1793. 275 



the referved articles, at the rate of freight payable for other goods fhip- 

 ped in pri^•ate trade, to fuch extent as they fhall fee proper. The pro- 

 prietors of Britifh copper are particularly authorized, in cafe of the 

 company negleding to purchafe 1,500 tuns of copper for exportation 

 on or before the 31" day of Auguft in each year, to export the quant- 

 ity deficient in the company's fhips, and to receive their returns in India 

 goods on fuch terms as are provided for the proprietors of other private 

 trade. If the company, and the perfons licenced by them, negledl to 

 import a fufEcient quantity of calicoes, dimities, muflins, and other 

 piece goods, allowed by law to be ufed in Great Britain, and alfo for 

 exportation, the board may admit individuals to import fuch goods in 

 the company's veflels. For the encouragement of individuals to engage 

 in the importation of raw filk, cotton, cotton yarn, fkins, wool, dye- 

 woods, fugar, and drugs, from India, and for fecuring to manufacturers 

 a due fupply at the fales, the company (who are empowered to land, 

 flore, and fell, all goods imported in private trade) are required to make 

 fpeedy and frequent fales in moderate lots, under regulations approved 

 by the board of controul. 



The company's territorial revenues are to be applied to the following 

 purpofes, and in the following order of preference : i) to defray the 

 expenfe of the forts and military and naval eftablifhments in India ; 



2) to pay the intereft on debts due in India ; 3) to fupport the civil and 

 commercial eftablifhments at the feveral fettlements ; 4) one crore of 

 current rupees (near a million fterling) to be annually advanced to the 

 feveral boards of trade, for providing inveflments to England, and re- 

 mittances to China ; 5) in cafe of paying off debts in India, or tranf- 

 ferring them to Great Britain, to make an equivalent increafe of the 

 advances to the boards of trade, if necefTary ; the whole adminiftration 

 of the revenue being fubjecT: to the infpedtion and orders of the com- 

 miflioners. 



As it might be convenient to the company, that the greater part of 

 the debt incurred in the defence of their pofteffions, amounting altoge- 

 ther to about feven crores of rupees, fhould be transferred to Great Brit- 

 ain, it was thought expedient to encourage their creditors in India to 

 receive bills drawn upon the company, to the amount of /!"5oo,ooo an- 

 nually, at fuch equitable rates of exchange as fliall be authorized by the 

 directors, with confent of the board of commilFioners, over and above 

 the bills otherways authorized, till the company's India debt be reduced 

 to two crores of rupees. 



The company's commercial profits, after bills of exchange, debts, (ex- 

 cept bonds) intereft, and charges, are paid, are to be applied, i) in pay- 

 ment of a dividend at ten per cent on the capital flock ; 2) in payment 

 of bills drawn for India debts to the amount of /'5 00, oco annually ; 



3) in payment of ^^500,000 into the exchequer, to be at the difpofal of 



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