COTTON-WOOL. 



39 



revenue by a delivery of cotton instead of specie, Letter 



. . . T to Bombay, 



which will ensure, in time to come, the most i Nov. isii. 



miexceptionable product, as well for China as 

 " for Europe consignments, without the necessity 

 " of again entering on behalf of the Company 

 " into the details of indiscriminate purchases, 

 " either in competition or connection with any 

 " individuals." 



15. In our advices of late years, we have fre- 

 quently had occasion to notice the fluctuations of 

 this branch of commerce. In the year 1809, the 

 state of public relations with America seemed 

 to render the importation of Indian cotton of the 

 greatest importance to the British manufacturer, 

 and large consignments were made in consequence 

 of our orders and the encouragement held out to 

 the private merchants ; but before the arrival of 

 the consignments could be effected, the face of 

 public affairs had changed. American cotton had 

 been imported as before, and the Indian cotton 

 now remains a ruinous and unproductive burthen, 

 both upon the Company and the private importers, 



16. As we have noticed this unfavourable event 

 in our former despatches, it only remains that we 

 repeat our instructions, that no Indian cotton- 

 wool be sent to England upon our account in 

 1812-13. 



No. 



