COTTON- WOOL. 



181 



the proportion from India has of late years been Letter to 



^ ^ , . Madras, 



very small, and appears to be decreasing. It must, is Aug. isso. 



however, be noticed, that the reduced price, as it 



is termed, of Mr. Fischer's cotton, of 115 rupees 



per candy, seems greatly too high, when the 



native kinds of Coimbatore cotton can be obtained 



for less than ninety rupees, and of Tinnevelly 



cotton for less than eighty rupees per candy of 



500ibs. 



19. The invoice cost of the bales per Ladi/ 

 Macnaghten^ calculating the Madras rupee at the 

 moderate exchange of one shilling and ten-pence 

 halfpenny, is five-pence halfpenny per pound, to 

 which if three per cent, be added for sea insurance, 

 and two per cent, for charges in England, with 

 only one penny per pound for freight, the cost 

 amounts to seven-pence per pound, being its full 

 worth in London. We shall, however, direct that 

 this cotton be sold forthwith, v^hen its true value 

 Mall be exactly ascertained. It appears, however, 

 sufficiently clear, that if cotton of this quality can 

 be grown at the common average price of the 

 Coimbatore produce, it may become an article of 

 advantageous exportation to England. 



20. We take this opportunity of noticing that 

 Mr. Fischer refers to a circular issued by the Col- 

 lector of Coimbatore, requiring the Tasildars of 

 the talooks to inform him whether the ryots were 

 willing to cultivate cotton of the Bourbon seed, 

 for and on account of Government, and to what 



extent ; 



