COTTON- WOOL. 



187 



stalments of rupees 20,000 (twenty thousand) per Letter from 



Bombay, 



annum. 21 Dec. isso. 



3. Being aware that your Honourable Couii: are 

 very desirous that the cultivation of cotton should 

 be so improved, as to enable it to successfully 

 compete in the English market with that produced 

 in America, we of course felt disposed to afford 

 every encouragement to enterprises which were 

 likely to further the views of your Honourable 

 Court, and we therefore called upon the principal 

 Collector for more definite information as to the 

 plans which Buswunt Sing intended to adopt, and 

 the purposes to which so large an advance of cash 

 were to be applied. 



4. We do not deem it necessary to bring to your 

 Honourable Court's special notice the corrrespon- 

 dence which took place on this subject, and it will 

 be therefore sufficient to state, that from the com- 

 munications we received from the principal Col- 

 lector of Ahmednuggur^ it appeared that Buswunt 

 Sing's proposal was of such an unreasonable nature, 

 that, anxious as we were to encourage such specu- 

 lations, we did not consider we should be justified 

 in accepting terms which were so disadvantageous 

 to the interests of Government as those he pro- 

 posed, and therefore declined entering into any 

 engagement with that person. 



Shortly after, however, we had refused to ac- 

 cept Buswunt Sing's first proposal, another but 

 more moderate offer was received from him, 



through 



