428 A. D. 1797. 



Receipts 



Chinsurah cause 59,143 



Bonds issued 450,100 



^9,6(32,313 



Paymmts. 



Indigo contractors 99i>9 



Dividends on stock, and interest on} «-,„_., 



bonds 1 ^75,278 



Bonds paid off 1,250 



Bonds paid in on sales 602,600 



Proprietors of private trade 1,040,802 



Balances of goods sold under the act! ^ ^^ 



35 Geo. HI, c. 80 J 270,0G0 



Buyers of tea returned 1 25 



Seamen for the service of goverment ]7>00*5 



Captains of ships worn out 4,30O 



Bank on account of loan on bonds . . 400,000 



Government for troops, &c 100,000 



Ditto for first payment of loan of) „_^ ^^__ 



^2,000,000 J ^"o,ooo 



Balance in favour 1" March 1797 . . 333,807 



a£c),662,313 



May 3** — The diredors of the Eaft-Tndia company, in a memorial 

 addrefTed to the lords of the treafury, ftated, that the trade carried on 

 from India to England in confequence of the regulations and indul- 

 gences refpeding the participation of individuals, eftabliflied by the a£t 

 for the renewal of the charter, had ' increafed even beyond the moft 

 ' fanguine txpeitations of the advifers of the indulgences therein granted.' 

 But they declared, that the advantage could not be permanent to any 

 very confiderable amount under the prefent heavy impofition of duties. 

 They obferved, that the goods intended for foreign countries, by 

 means of duties not very produdive to the revenue, but exceedingly 

 embarrafTing to the merchant by rendering a great proportion of his 

 capital inefficient, and increafing his charges in every ftage of his bufi- 

 nefs, were incapable of entering into competition in foreign markets 

 with fimilar goods imported from India by the fliips of other nations. 

 They repreiented, that the duty collected in Hamburgh, though nomin- 

 ally rather above two, was in reality little more than one, per cent ; 

 that Lifbon was already a free port, and Flufliing was expeded foon to 

 be made one ; and that individuals in India were entirely at hberty to 

 fhip their goods in fuch veflels, and confign them to fuch ports, as 

 would afford them the faireft prolpeds of advantageous fales. They 

 exprelTed their belief, that, if the trade were relieved from obftacles to 

 its progrefs, almoft the whole trade of the Eaft would pafs through 

 London, which would be produdive of the further advantages of larger 

 quantities of Britifli manufadures being bought by the increafed num- 

 ber of foreign purchafers at the India fales, and of bringing back the 

 Britifh feamen, now employed in an illicit trade carried on in foreign 

 bottoms, to the fervice of their native country. 



The diredors propofed, inflead of the preient mode of levying the 

 cuftoms on India goods, that all goods from India and China, except 

 tea, fhall be warehoufed without being fubjed to any duly till fold^ 



