Difference between revisions of ".MTI.NTI"

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Company cannot acquire a knowledge of true value of the Lands, or receive the just Sum of their Revenues.   
 
Company cannot acquire a knowledge of true value of the Lands, or receive the just Sum of their Revenues.   
  
The increase of expences has not merely proceeded
+
The encrease of expences has not merely proceeded
 
from the pay of Officers and Men on the Military and Civil Establishments; that Expence is fixed and certain; but the  
 
from the pay of Officers and Men on the Military and Civil Establishments; that Expence is fixed and certain; but the  
 
Contingent Bills of Contractors, Commissaries, Engineers &c
 
Contingent Bills of Contractors, Commissaries, Engineers &c

Revision as of 17:23, 7 September 2017

Country has been in profound Peace ever since the Year 1765. the War and a total want of Oeconomy, had before that Period involved the Company in Bond Debts, in Bengal to the amount of near £900,000. bearing 8. per Cent Interest the whole of which (except a very small part which was due to Widows and Orphans and which was their only Subsistence) was discharged in 1767. and since that time a new Bond Debt has accumulated to the amount of near a million and an half.

The Court of Directors have unaccountably ordered the Senior Servants of the Company to be called down from the Superintendency of the principal Factories, and the Charge of them, and the Management of the Revenues in most of the Districts, given to Young Men scarcely out of their Writerships, who not only have the letting of the Lands at their Direction, but engross to themselves the whole Trade of their respective Districts; some of these Young Gentlemen in Bengal it is asserted farm the Lands themselves to the amount of 1, or £200,000. a year under the names of their Banyans, or black Agents, who lett the Lands again to under Tenants at an advanced Rent; whilst these practices subsist the Company cannot acquire a knowledge of true value of the Lands, or receive the just Sum of their Revenues.

The encrease of expences has not merely proceeded from the pay of Officers and Men on the Military and Civil Establishments; that Expence is fixed and certain; but the Contingent Bills of Contractors, Commissaries, Engineers &c are without bounds, and seem to be without Control, the Directors have very unnecessarily appointed an additional number of Agents in the Civil Branch, but the most extravagent measure has been the permitting the Fortifications of add Calcutta /add