BHO

Affairs of the East India Company: Appendix C No. 24

Pages 1376-1379

Journal of the House of Lords: Volume 62, 1830. Originally published by His Majesty's Stationery Office, London, [n.d.].

This free content was digitised by double rekeying. All rights reserved.

Citation:

In this section

No. 50

[50]

[51]

Dr No.24.—An Account of Stock, per Computation, of The East India Company, (exclusive of their Capital Stock,) as drawn out, in respect to England, to the 1st May 1815, and in respect to India, to the 1st May 1814. Cr.
FOREIGN TERRITORIAL and POLITICAL DEBTS. £ £                     FOREIGN TERRITORIAL and POLITICAL ASSETS. £ £
Indian Debt bearing Interest, 1st May 1814. Cash and Bills receivable in the several Departments, 1st May 1814:—
Bengal:           Bengal                                Sa Rs 2,18,79,904            Ct Rs 2,53,80,688 at 2s. 2,538,068
      Loans at 8 per Cent.                                                             Sa Rs 46,26,000           Fort St. George                                          Pag. 64,45,330 at 8s. 2,578,132
      Ditto at 6 per Cent.                                                                   20,62,38,730           Bombay                                         By Rs 48,60,166 at 2s. 3d. 546,768
      Promissory Notes at 6 per Cent. granted to the Captors at Java, deducting the Sum discharged in England                                               4,04,870           Prince of Wales' Island and Malacca                                          S. Drs 1,12,858 at 5s. 28,214
      Treasury Notes at 5 per Cent.                                                              5,500                                                                                         £ 5,691,182
            Ditto 6 per Cent.                                                                       1,88,100       St. Helena, 30th September 1814 28,994
                                                                                              Sa Rs 21,14,63,200 Ct Rs 24,52,97,312 at 2s 24,529,731 5,720,176
Fort St. George: Stores in the several Departments, 1st May 1814:—
      Loans at 8 per Cent.                                                                   Pag. 44,000           Bengal, including Salt and Opium                                       Sa Rs 1,28,98,647           Ct Rs 1,49,62,403 at 2s. 1,496,243
      Ditto at 6 per Cent.                                                                        3,63,315           Fort St. George                                         Pag. 34,53,769 at 8s. 1,381,508
      Other Debts bearing Interest, including the Carnatic Debt                 43,98,985           Bombay                                                 By Rs 86,27,856 at 2s. 3d. 970,633
Pag. 48,06,300 at 8s. 1,922,520           Prince of Wales' Island and Malacca                                               S. Drs 5,10,884 at 5s. 127,721
Bombay:                                                         £ 3,976,105
      Loans at 6 per Cent.                                                                 By Rs 22,47,100 St. Helena, 30th September 1814 133,138
      Other Debts at Interest                                                                           8,62,183 4,109,243
By Rs 31,09,283 at 2s. 3d. 349,794 Debts owing to the Company, including Arrears of Revenues, on 1st May 1814:—
                                        Total Territorial Debts in India bearing Interest, on the 1st May 1814 £ 26,802,045           Bengal, including Salt and Opium                              Sa Rs 1,42,69,529           Ct Rs 1,65,52,654 at 2s. 1,655,265
                                    Debts in India not bearing Interest, 1st May 1814. Fort St. George, including Salt and Customs                                         Pag. 78,21,057 at 8s. 3,128,423
Bengal, including Arrears both of Interest and Allowances           Sa Rs 2,74,70,107 Ct Rs 3,18,65,324 at 2s. 3,186,532 Bombay, including Customs                                                   By Rs 26,03,901 at 2s. 3d. 292,938
Fort St. George           Ditto           Ditto Pag. 10,83,593 at 8s. 433,437 Prince of Wales' Island and Malacca                               S.Drs 1,52,152 at 5s. 38,038
Bombay                      Ditto           Ditto By Rs 24,08,080 at 2s. 3d. 270,909 5,114,664
Prince of Wales' Island and Malacca Ditto Sp Drs 1,32,281 at 5s. 33,070 Amount of Bills of Exchange drawn on England since the Close of the respective Quick Stocks £ 223,466
            Total Foreign Territorial Debts not bearing Interest, on the 1st May 1814 £ 3,923,948 Total Foreign Territorial Assets £ 15,167,549
            Total Foreign Territorial Debts, both bearing Interest and not bearing Interest, 1st May 1814 £ 30,725,993                     TERRITORIAL ASSETS at HOME, 1st May 1815. £
                              TERRITORIAL DEBTS at HOME, 1st May 1815. Exports of Military Stores, &c. paid before the 1st May 1815, of the Season 1814-15, charged the Territorial Account, per contra 381,435
Bills of Exchange unpaid from India, drawn in Liquidation of the Principal and Interest of Indian Debt 508,218 Balances in the Hands of the Officers of the House, charged to the Account of Political Charges General 2,815
The Public, for a Loan in 1812, at 5l. 5s. 71/5d. per Cent. per Annum, deducting the Amount redeemed 2,150,459 Due from His Majesty's Government, for Stores and Supplies, Expeditions, &c. old Account 960,000
Interest on the above Loan to 1st May 1815 21,500 Ditto, on account of recent Expeditions, &c. calculating the Expenditure made in India to 1st May 1814, the Expenditure at Home to 1st May 1815 (fn. 1) 376,020
Warrants passed the Court unpaid 16,728 1,336,020
The Commercial Branch, for the Balance of Payments made from 1st May 1814, in respect of Bills of Exchange drawn from India for Principal and Interest of the Indian Debt 459,891 The Value of the St. Helena Schooner, charged in the Territorial Account, per contra 7,000
The Commercial Branch, for Territorial and Political Payments made in England between the 1st May 1814 and the 1st May 1815 1,844,735 Bill of Exchange drawn for Supplies to His Majesty's Navy in India 1,800
5,001,531 What the Company paid for their Dead Stock in India 400,000
                              Total Territorial Debts, both Foreign and at Home £ 35,727,524 Estimated Value of the Stock of the Company's Stud Farm 4,000
                    FOREIGN COMMERCIAL DEBTS. 2,133,070
Debts in Commercial Department — India, 1st May 1814. £                     Total Territorial Assets, both Foreign and at Home £ 17,300,619
Bengal                                                             Sa Rs 12,35,475           Ct Rs 14,33,151 at 2s. 143,315                     FOREIGN COMMERCIAL ASSETS.
Bombay                                                                                               By Rs 3,88,502 at 2s. 3d. 43,706 Cash in the several Commercial Departments, 1st May 1814:—
Bencoolen                                                                                            S. Drs 1,24,909 at 5s. 31,227           Bengal                       Sa Rs 8,04,250           Ct Rs 9,32,930 at 2s. 93,293
                                                                                                                                                    £ 218,248           Fort St George                                       Pag. 1,37,925 at 8s. 55,170
Debts in China, End of Season 1813-14                                                 Tales, 328,815 at 6s. 8d. 109,605           Bombay                               By Rs 68,430 at 2s. 3d. 7,698
327,853           Bencoolen                               S.Drs 2,03,940 at 5s. 50,985
207,146
Cash in the Treasury at China                              Tales, 2,83,310, at 6s.8d. 94,437
Ditto in the Agent's Hands, Cape of Good Hope                              Rx Drs 85,802 at 4s. & 84 per Cent. Premium 9,326
103,763
Goods and Merchandize in the Export Warehouses, 1st May 1814:—
          Bengal                    Sa Rs 46,82,649          Ct Rs 54,31,873 at 2s. 543,187
          Fort St. George                     Pag. 10,98,058
                    Deduct, the Asia arrived, dated since the Close of Quick Stocks                     2,43,360
          Pag. 8,54,698 at 8s. 341,879
          Bombay                                    By Rs 14,93,985 at 2s. 3d. 168,073
          Bencoolen                                S. Drs 1,83,988 at 5s. 45,997
1,099,136
Export Goods in China                             Tales 4,98,465 at 6s. 8d. 166,155
1,265,291
Goods and Merchan dize in the Import Warehouses, 1st May 1814:—
          Bengal                    Sa Rs 63,22,903          Ct Rs 73,34,567 at 2s. 733,457
          Fort St. George                                        Pag 8,01,497 at 8s. 320,599
          Bombay                               By Rs 16,63,526 at 2s. 3d. 187,146
          Bencoolen                              S.Drs 1,53,095 at 5s. 38,274
1,279,476
Import Goods in China                                      Tales 19,631 at 6s, 8d. 6,544
    Do. Cape of Good Hope                  R.Drs 4,34,517 at 4s. and 84 per Cent. Prem. 47,230
53,774
1,333,250
Debts owing the Company, including Advances for the Investment, on 1st May 1814:—
          Bengal                              Sa Rs 52,23,382          Ct Rs 60,59,123 at 2 s. 605,912
          Fort St. George                              Pag. 4,36,215 at 8s. 174,486
          Bombay                            By Rs 7,67,666 at 2s. 3d. 86,362
          Bencoolen                              S.Drs 4,05,018 at 5s. 101,254
968,014
Debts owing to the Company at China                    Tales 17,92,593 at 6s. 8d.                £597,531
Do. Cape of Good Hope,                Rx Drs 4,63,666 at 4s. and 84 per Cent. Prem.          50,399
647,930
1,615,944
Foreign Commercial Debts carried forward                                                                                              £ 327,853 Foreign Commercial Assets carried forward 4,525,394

[52]

[53]

[54]

[55]

Dr No. 24.—An Account of Stock, per Computation, of The East India Company, (exclusive of their Capital Stock,) as drawn out in respect to England and India— continued.
£ £ £ £ £ £
Total Territorial Debts, both Foreign and at Home, brought and carried forward 35,727,524 Total Territorial Assets, both Foreign and at Home, brought and carried forward 17,300,619
Foreign Commercial Debts brought forward 327,853 Foreign Commercial Assets brought forward 4,525,394
COMMERCIAL DEBTS in ENGLAND. COMMERCIAL ASSETS in ENGLAND.
Bills of Exchange unpaid from India 11,335 Due from Government to the Company 1,207,560
Ditto from China 89,824 Cash, its Balance on 1st May 1815 2,167,346
Customs on Goods sold and unsold 149,222 The Amount of Goods sold, not paid for 1,892,296
Bank, for a Loan on Mortgage of the Annuities 600,000 The Hon. Board of Ordnance, for Saltpetre 99,110
Ditto, Interest on Ditto 12,000 The Value of Goods in England unsold 5,063,591
Freight and Demurrage 81,000 Cargoes from England, not arrived in India and China at the Dates of the several Quick Stocks 1,911,372
Supracargoes Commission on Goods sold and unsold 85,536 Consignments made to Batavia 134,609
Proprietors of Private Trade on all Goods sold 848,619 Exports paid for, of Season 1814-15 1,177,269
Almshouses at Poplar 70,546 Silver exported to China, Season 1814-15 101,004
Owing for Exports of former Seasons 74,760 Impress and War Allowances paid Owners of Ships not arrived in England 518,822
Fee Fund for the House and Warehouses 20,282 Value of Ships, Sloops and Vessels, exclusive of those stationed Abroad 79,250
Warrants passed the Court unpaid 52,972 Value of the East India House and Warehouses 1,143,000
Owing for Teas returned by the Buyers, and resold 971 Hemp imported on account of Government 444,208
Dividends on Stock 59,350 Owing by sundry Persons returned from India 4,875
2,156,417 Balances in the Hands of the Officers of the House and Warehouse-keepers 12,702
2,484,270 The Territorial Branch, for the Balance of Payments made from 1st May 1814, in respect to Bills of Exchange drawn from India, for Principal and Interest of Indian Debt 459,891
38,211,794 Ditto for Political and Territorial Payments made in England, between 1st May 1814 and 1st May 1815 1,844,735
Add the Amount of the Company's Home Bond Debt 4,392,392 18,261,640
Ditto owing for Interest on Ditto 94,778 22,787,034
(fn. 2) 4,487,170 40,087,653
42,698,964 Balance deficient 2,611,311
Total Territorial Debts, both Foreign and at Home 35,727,524 £ 42,698,964
Ditto Assets Ditto 17,300,619
Territorial Balance deficient 18,426,905
Total Commercial Debts, both Foreign and at Home 2,484,270
Ditto Assets Ditto 22,787,034
Commercial Balance in favour 20,302,764
Balance in favour, exclusive of Home Bond Debt 1,875,859
Deduct the Amount of the Company's Home Bond Debt 4,392,392
Ditto owing for Interest on Ditto 94,778
(fn. 2) 4,487,170
Balance deficient £ 2,611,311

MEMORANDA:

In the above Account, the Article of Dead Stock is valued at £400,000; which includes Buildings and Fortifications, Plate, Household Furniture, Plantations, Farms, Sloops, Vessels, Stores and other Articles of Dead Stock, according to Lord Godolphin's Award in the Year 1702: whereas the whole of the Sums of Money expended in Buildings and Fortifications, by the latest Advices from the Company's several Settlements, for the Acquisition and Maintenance of their Possessions, and the nearest estimated Value of other Articles of Dead Stock, is as follows:—viz.

Buildings and Fortifications Plate, Household Furniture, Plantations, Farms, Sloops, Vessels, Storms, &c. Total.
Political. Commercial. Political. Commercial.
£ £ £ £ £
Bengal 5,304,607 325,540 1,735,105 35,449 7,400,701
Madras 1,893,204 38,015 466,112 8,594 2,405,925
Bombay 1,455,387 5,594 293,527 53,979 1,808,487
Bencoolen 246,472 69,855 316,327
St. Helena 44,350 98,917 143,267
Fort Cornwallis 105,306 7,753 18,621 440 132,120
Malacca 3,551 518 4,069
£ 9,052,877 376,902 2,682,655 98,462 12,210,896
East India House, 28th February 1816. (Errors excepted.) CHAS. CARTWRIGHT, Acct Genl.

Footnotes

  • 1. The Sum stated in this Account as due from Government to The East India Company (exclusive of the Balance of the old Account) is £376,020, and comprehends the Expenditure in India to the 1st of May 1814, and in England to the 1st May 1815; whereas the Expenditure, if estimated to the present Time, and including Interest, may probably exceed £2,000,000.
  • 2. The Amount of the present Home Bond Debt, it is believed, has been chiefly, if not entirely, incurred on account of Payments made within the Period of the last Charter, for the Territory, beyond the Amount received in England from the said Territory; but as an; Investigation of this Matter cannot be finished within the Time in which the present Account must be submitted to Parliament, the Amount of the Bond Debt is here placed against the joint Heads of Territory and Commerce.