INDIGO. 



7 



No. 4. 



Extract Letter from the Court of Directors to 

 the Governor -general in Coimcil, Bengal, dated 

 the 2Sth March 1788. 



Par. 38. Having taken a review of the issue of Letter to 



Bengal, 



our concerns in the article of indigo, from the time 28 March nss. 

 of our Board of Trade entering into the first con- 

 tract for that article with Mr. Prinsep, in the year 

 1779-80, up to the latest period, we are sorry to 

 remark the very heavy losses that have constantly 

 occurred thereon. 



39. It appears from an account we have caused 

 to be made out (a copy of which is transmitted a 

 number in the packet), that the produce of the 

 sales of the several parcels purchased of Mr. 

 Prinsep prior to the year 1786, has yielded a 

 remittance of only Is. 7d. 67dec. the current 

 rupee, which, reckoning the rupee but at 2s., is 

 a loss in the first instance of upwards of seventeen 

 per cent., independent of freight and charges, 

 which may be reckoned at full ten per cent, more, 

 or equal in the whole to a loss of twenty-seven 

 per cent. 



40. Of the quantity contracted for in 1786 with 

 Messrs, Prinsep, Douglas, Udney, Fergusson and 

 Barretto, J. P. Scott, and Henry Scott, we are not 

 able at present fully to state what have been the 



losses 



