Edmund Burke - The Works of the Right Honourable Edmund Burke, Vol. 08 (of 12)

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See the Secret Committee's Reports on the Mahratta War.

Vide Secret Committee Reports.

Vide Select Committee Reports, 1781

The sale, to the amount of about one hundred thousand pounds annually, of the export from Great Britain ought to be deducted from this million.

Estimate of the Sale Amount and Net Proceeds in England of the Cargoes to be sent from Bengal, agreeable to the Plan received by Letter dated the 8th April, 1782.

This calculation supposes the eighty lac investments will be equal to the tonnage of five ships.

[A] 1. The sale amount is computed on an average of the sales of the two last years' imports.

[B] 2. The custom is computed on an average of what was paid on piece-goods and raw silk of said imports, adding additional imposts.

[C] 3. The ships going out of this season, (1782,) by which the above investment is expected to be sent home, are taken up at 47 l. 5 s. per ton, for the homeward cargo; this charge amounts to 35,815 l. each ship; the additional wages to the men, which the Company pay, and a very small charge for demurrage, will increase the freight, &c., to 40,000 l. per ship, agreeable to above estimate.

[D] 4. The duty of five per cent is charged by the Company on the gross sale amount of all private trade licensed to be brought from India: the amount of this duty is the only benefit the Company are likely to receive from the subscription investment.

[E] 5. This charge is likewise made on private trade goods, and is little, if anything, more than the real expense the Company are at on account of the same; therefore no benefit will probably arise to the Company from it on the sale of the said investment.

[F] 6. This is the sum which will probably be realized in England, and is only equal to 1 s. 6 d. per rupee, on the eighty lacs subscribed.