34 



COTTON-WOOL. 



Letter housGS, which have passed the sales but were prm- 



to Bombay, .11,1.11 • • i • 1 



29 Aug. 1810. cipally bought in by the original consignees ; and 

 upwards of fifteen millions of pounds are further 

 on hand, but for which there appears no prospect 

 of a demand on the part of the manufacturers but 

 for a great length of time, possibly some years to 

 come. 



10. In addition to which, further importations 

 on the part of the Company will be received. 



11. In this unfavourable state of the case, we 

 have seen it proper to bring the subject under the 

 consideration of His Majesty's Ministers, and to 

 point out that partial relief would be granted by 

 allowing cotton- wool to be exported to any place 

 where goods are allowed to be exported by license ; 

 and further, that as Indian cotton- wool is, upon an 

 average, of less than half the value of other cotton- 

 wool. Government should be pleased to counte- 

 nance a petition to Parliament, to be presented in 

 the next session, praying that for a limited time 

 Indian cotton-wool may be used by the British 

 manufacturers without payment of any duty, and 

 that the future duty to be paid thereupon may be 

 in proportion to its lesser value compared with 

 other cotton-wool. But to this we have not yet 

 received a reply. 



12. Experience of many years has convinced us, 

 that the Company should steadily persevere in 

 their commercial pursuits, and not abandon any 

 branch of their regular investment upon a tempo- 

 rary 



