and trade in all its departments, he should lay before the committee the most clear and candid statement he was enabled to make; leaving it for the committee to decide upon the tenour of that statement, and the motions he should have the honour of founding thereon. He felt it unnecessary to trespass longer upon the attention of the cominittee, and should now proceed to his proposed detail, referring to the documents on the table, in support of the 'several points of his statement. The noble! lord then proceeded to a detail of the seve ral items to which he alluded; of which items the following is a comprehensive and accurate view: 6,166,581 337,692 8,064,981 CHARGES, No. 9.-Estimated for 1803-4 1,478,881 8.060,993! 3,988 5,066,940 Detact Excess of Revenue from Excess of Charge, the Net Charge is more Actual Amount 1,642,978 More than Estimate 164,097 367,351 124,022 371,339 ESTIMATES, 804-5. And the Net Revenue for 1803-4 is 2,626,702 ESTIMATES for 1804-5. 731,391 1,873,933 CHARGES estimated more than ditto 106,799 521,917 REVENUES éstimated more than actual, 1803-4 Net Revenue, estimated for 1804-5, 'less than preceding year MADRAS. REVENUES-Excluding the Revenues of Arcot and of the Provincés ceded by the Nizam on account of the early years, being in part Subsidy and in part Revenue Collections, the average receipts on the years 1801-2 to 1803-4, as by No. 4, is Being Tess than the average of the three years 1800-1 to 1802-3, in the sum of REVENUES, NO. 6.-Estimated for 1803-4 2,965,199 49,102 4,888,895 in the year 1802-3 13,985 Charges of ditto 122,132 108,147 No. 11.-Supplies estimated for 1804-5287,680) GENERAL VIEW. Madras Bombay 6 4,653,401 Total Revenues Result of the ESTIMATES for the Year 1804-5, col- Increase of Debt bearing GENERAL VIEW. Interest Net Amount of Interest pay able on Debt owing 30th April, 1803 20,659 Amount payable on Debt, in 1,574,011 126,360 19,031,934 2,005,918 1,447,651 +1,754,843 1,734,184 April 180+, by No. 16 Deduct Sinking Fund, as above 1,754,843 166,454 602,993 The Remainder 1,131,191 is the Amount in which the Charges This Sum includes 140,4361. paid the Commissioners of the Sinking Fund for Interest on the Securities in their Hands. Net Amount of Interest, ASSETS IN INDIA. sioners of the Sinking Fund 2,012,348 + Includes 166,4541. payable to the Commissio-Net Amount of Assets on the ners of the Sinking Fund. 30th April, 1803 1,588,389 140,738 12,618,635 Consisting as above, on 30th April 1804, by No 21 -17,252,399 Deduct Sinking Fund, as a bove Net Amount of Assets, on 30th April, 1804 Increase of Assets the Repayment to Government of 500,000. borrowed in the last Year, and on other Accounts, that the Balance on the 1st March, 1806, is estimated to be against the Company in the Sum of £. £. તું 2,800,056 62,836 14,452,343 DEBTS AT HOME. 1,833,720 4,788,865 6,012,196 1,223,331 833,264 ASSETS AT HOME. On the 1st March, 1804 No. 23, on the 1st March, 1805 Increase 19,168,736 - 20,412,659 1,273,923 Balance at China, on 31st Goods were more by 229,115 January, 1803, against 260,000 Balance at China, on 29th Makin the Net difference, January, 1804, in favour, as above 182,390 The Sales of the Company's Goods were Increase at China 443,200 5,267,578 lena on 30th Sept. Being less than estimated 1802, in favour 105,194 1,601,122 Balance at St. He They actually amounted to The Receipts on the Sales of the Company's Goods were estimated at Being less than estimated The Charges and Profit on Private lena on 30th Sept. 6,598.496 1803, in favour, 5,730,153 No. 24 105,382 Trade were estimated to amount to I 50,000 The actual Amount was 90,536 Total Increase at China and St. Helena 59,464 443,478 Being less than estimated GENERAL RESULT. From the disappointment in the Produce of the Sales, with a large Pay ment in Bonds by the Purchasers, and from a greater Expenditure on Account of India and China than first intended, the Deficit would have appeared in the Cash Balance of this Year to a considerable Amount; but the Sum borrowed from Government, a Loan from the Bank, and an Issue of Company's Bonds, have so operated, that the Balance of Cash estimated to remain in favour of the Company on the 1st of March, 1805, te the Amount of was found, by the actual Accounts of the Year to be Total Increase of Assets Deducted from the Increase of Debt, will shew a Deterioration to have taken place on the whole Concern in this view, during the Years 1803-4 Abroad, and 1804-5 at Home, to the Amount of Add-Amount received in Quick Stock there, dated 3,551,121 339,194 583,299 gland, and included in Assets at Home 43,619 626,918 966,112 The Amount of the Deterioration will then be The Assets at Home exhibited an In- ABSTRACT of ADDITIONAL ACCOUNTS.- Madras 4,774,296 Bombay 742,017 4,368,759 366,311 Deduct Sinking Fund, as a 195,788 Net Charge of the three Presidencies Add-Supplies to Bencoolen, Prince of Wales' Island, &e. Add further-Interest on Total Interest 195,788 Total Excess of Charge beyond the Produce of the Revenues, as estimated for the Year 1805-6 exclusive of Commercial Charges not added to the Invoices, amounting to 199,8061, 2,651,939 bove His lordship, on the whole, did not think he went too far, when he said, that, in his 2,018,828 opinion, the deficiency or excess of charge could not be taken at less than 3 millions. The debts, bearing interest in India, he was aware, there might be danger of having called in, though the directors had the power of protracting the payment for some time. Should this be the case, some extraordinary means might be necessary to be resorted to, but of this there was no immediate appearance. It might be expected that he should be able to give some account of the measures proposed to be adopted for reducing the expenditure in India. It was well known, that government had lately been pretty much employed in devising measures of reform in the public expenditure, "but it was deemed more expedient to wait till it was seen how far any schemes of the kind were practicable, before they should be gone into as to India. It would be the duty of the commissioners, for Indian affairs, to call 25,046,436 the attention of parliament to this subject, 2,510,227 at as early a period as possible. It was not his intention to trouble the committee on the subject of the treaties with Scindea or Hikar, nor did he think himself even call 22,536,207 ed on to give any opinion on that subject. I the house against any apprehension they He knew it was the opinion of others, that might otherwise have entertained, that the these treaties were honourable to the Bri- splendour of the executive government in tish character, and calculated to preserve India should be diminished. What did pacific dispositions in India. On the whole, this mean? He could understand such an though he admitted that the financial de- observation, if applied to the monarchies: partment in India did not wear the most of Europe; but he contended that all our cheerful aspect, and although he would be acquirements, all our wealth, and all our the last person in the world to raise sanguine character in India, were obtained, without hopes, which were not likely to be realised, the least idea of maintaining any of the still he thought it would be wrong to give splendour alluded to by the noble lord. any sanction to un manly despondency. He considered, and he believed that it was Our resources in the East were great, and, generally considered, that the conduct of by proper management and economy, might sir George Barlow, in the conclusion of the still be brought to answer our highest ex-treaties, and in the economical regulations pectations. He did not speak of that eco-which he had instituted, was highly merinomy which would teach us to withhold a torious; and it surely would have been be reward from merit, or to retrench in the coming in his majesty's ministers to have 'becoming grandeur of the executive go-allowed him to carry into effect the arrangevernment-economy which only tended toments which he had commenced. He des defeat the objects which it had in view tailed the circumstances attending the ori❤ but that economy, which would teach us to ginal appointment of sir. G. Barlow to the act on principles of moderation, justice, governor-generalship of India, with his suband equity. His lordship concluded by sequent recall; and contended, that- the moving his first resolution, shewing the re-act on which his majesty's ministers had venues of the provinces in Oude in 1808-4.proceeded, was intended to apply only to On the question being put, extreme cases, of which this was not one. Mr. Johnstone expressed the high satis. For 22 years, it had never been deemed adfaction which he felt at the fair and candid viseable to exercise the prerogative which manner, in which the noble lord had made the act established. The first appointment his statement. He heartily concurred with of sir G. Barlow, on the part of his majesthe noble lord in the importance of the ty's ministers, was a deliberate action. Resubject, of which, notwithstanding the house fusing him whom the first minister of the had uniformly treated it with so much indif- crown (Mr. Fox) had formerly described as ference, the attendance that night furnished the man best calculated to be entrusted an additional proof. He could not, how with the government of India, (Mr Francis,) ever, help thinking that the noble lord was they appointed sir G. Barlow. Notwithhimself somewhat to blame, in having so standing that his measures even anticipated long delayed bringing forward the subject, the hopes and expectations of his emthe papers necessary to make the statements ployers, he was, in twelve days afterwards, having been in this country for nearly superseded without the shadow of a cause. twelve months; and it having been promi-He had heard it stated, that this removal sed, in the month of February last, that took place because sir G. Barlow was a serthe attention of the house should be spee-vant of the company. However he might dily called to them. In looking at the ac- feel the propriety of placing a man of rank counts, which were as full and distinct as and consequence at the head of the govern could well be expected, he could not help ment in India, in preference to one who remarking, that though the period to which might be better acquainted with the details they applied was a period of war, a great of business; yet he thought that this prin part of the increase was for civil charges. ciple might be pushed too far. If ever He thought, without withholding any due there was a case in which it ought to have reward from meritorious services to the been departed from, it was that on which company, the expences in the civil esta- he was speaking. He had also been told, blishment might be greatly reduced. He that sir G. Barlow was recalled, because he hoped, with the noble lord, that we should did not possess the personal confidence of always observe moderation and good faith ministers. Two noble lords, however, unin our conduct with the neighbouring der whose administration the British instates; but what concern that could have terests in India had flourished, in the in diminishing our expences, he could not highest degree; he meant, lord Macartney, conceive. The noble lord had guarded and lord Cornwallis; did not, he believed, |