Affairs of the East India Company: Appendix C No. 25

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

'Affairs of the East India Company: Appendix C No. 25', in Journal of the House of Lords: Volume 62, 1830, (London, [n.d.]) pp. 1380-1385. British History Online https://www.british-history.ac.uk/lords-jrnl/vol62/pp1380-1385 [accessed 24 April 2024]

[56]

[57]

Dr No. 25.-STOCK, per Computation, of The East India Company, (exclusive of their Capital Stock,) drawn out, in respect to England, to the 1st May 1828, and in respect to india, to 1st May 1827 Cr.

TERRITORIAL and POLITICAL DEBTS ABROAD.		£	TERRITORIAL and POLITICAL CREDITS ABROAD.	£	£
India Debt bearing Interest on 1st May 1827.			Cash and Bills receivable in the several Departments on 1st May 1827.
Bengal:			Bengal Sa Rs 2,43,28,079 Ct Rs 2,82,20,572	2,822,057
Loans at 6 per Cent. Sa Rs 8,70,64,310			Fort St. George Ms Rs 2,13,03,471	2,434,682
Ditto at 5 ditto 16,58,73,520			Bombay By Rs 1,28,03,185	1,440,358
Ditto at 4 ditto 23,57,400			Prince of Wales Island, Singapore and Malacca Sa Rs 4,33,370	50,271
Her late Highness the Bhow Begum's Stipend Fund 55,98,435			£	6,747,368
Treasury Notes 27,58,500			Add Consignment of Treasure in transitû between Fort St. George and Bombay-Madras Rupees, 2,00,000 at 2s. 3 3/7d.	22,857
Other Debts and Deposits bearing Interest 59,03,500			St. Helena	44,823
Sa Rs 26,95,55,665	Ct Rs 31,26,84,571 at 2s.	31,268,457			6,815,048
Fort St. George:			Advances made in England to several Public Institutions, repayable in India, not realized in India at the Close of the Official Year 1826-27		211 600
Loans at 8 per Cent. Ms Rs 1,54,000			Stores in the several Departments oh 1st May 1827:-
Ditto at 6 1,04,631			Bengal . Sa Rs 2,27,57,636 Ct Rs 2,63,98,858	2,639,886
Other Debts and Deposits bearing Interest, including the Carnatic Fund 2,95,99,715			Fort St. George Ms Rs 1,92,53,307	2,200,378
Ms Rs 2,98,58,346			Bombay By Rs 1,06,16,615	1,194,369
	at 2s.3 3/7d. £3,412,382		Prince of Wales Island, Singapore and Malacca Sa Rs 7,43,889	86,291
Deduct Payments in England on account of the Carnatic Fund, from 1st May 1827 to 1st May 1828	118 440		£	6,120,924
		3,293,942	St. Helena	146,668
Bombay:					6,267,592
Debts and Deposits bearing Interest at 8 per Ct. By Rs 20,13,069			Debts owing to the Company, including Arrears of Revenue, on 1st May 1827:-
Ditto ditto at 6 ditto 25,58,800			Bengal Sa Rs 4,68,40,423 Ct Rs 5,43,34,890	5,433,489
Ditto ditto at 4 ditto 12,49,716			Fort St. George Ms Rs 1,90,18,404	2,173,532
	58,21,585 at 2s. 3d.	654,928	Bombay By Rs 65,53,308	737,247
Prince of Wales Island, Singapore and Malacca:			Prince of Wales Island, Singapore and Malacca Sa Rs 1,13,989	13,223
Debts and Deposits bearing Interest, Sa Rs 2,45,271	at 2s. per Ct Re	28,451	£	8,357,491
Total Territorial Debts in India on 1st May 1827, bearing Interest £		35,245,778	St Helena	4,957
Debts in India not bearing Interest on 1st May 1827.					8,362,448
Bengal, including Arrears of Interest and Allowances, Sa Rs 7,99,52,949 Ct Rs 9,27,45,421	£9,274,542		Amount of Securities purchased by the Commissioners for the Reduction of the Company's Debts in India, included in the Amount of Debt per contra Sa Rs 2,39,96,763, at 2s.per Ct Re		2,783,624
Fort St. George ditto Ms Rs 94,19,931	1,076,564		Amount of Bills of Exchange drawn on the Court of Directors since the Close of the respective Quick Stocks and Books, either paid or charged as a Debt in England on 1st May 1828		359,642
Bombay ditto By Rs 52,03,637	585,409			£	24,799,954
Prince of Wales Island, Singapore and Malacca, Sa Rs 1,33,522	15,489		Deduct, Bills of Exchange remitted, drawn in the Company's Favor, for Supplies furnished by the several Presidencies, subsequently to the Close of the respective Quick Stocks and Books, the Amount of which has either been received or taken Credit for in England on 1st May 1828		21,514
	£10,952,004		Total Territorial and Political Credits Abroad	£	24,778,440
Deduct the Amount paid in England for Off-Reckonings on Furlough and Retirement beyond the Amount adjusted in the India Books	681,814		TERRITORIAL and POLITICAL CREDITS, at Home and Afloat Outwards, on 1st May 1828.
Total Territorial Debts in India on 1st May 1827, not bearing Interest		10,270,190	Exports of Military Stores, &c. shipped in Season 1827-8, with the Amount remaining unshipped on 1st May 1828	979,118
Total Territorial and Political Debts Abroad	£	45 515 968	Cargoes from England of Season 1826-7, not arrived in India, &c. at the Close of the Official Year 1826-7	568,171
TERRITORIAL and POLITICAL DEBTS at HOME on 1st May 1828.			What owing from sundry Persons for Advances repayable in England	19,932
Bills of Exchange, unpaid, from India and St. Helena, drawn on the Territorial and Political Account	446,141		Bills of Exchange drawn on His Majesty's Government for Supplies furnished in India, unpaid on 1st May 1828	51,015
Warrants passed the Court unpaid	78,700		Value of Carnatic Stock belonging to the Company	31,662
Amount owing for Territorial Exports	113,661		Value of East India College at Haileybury, and of the Military Seminary at Addiscombe	102,000
Unclaimed Prize Money applicable to Lord Clive's Fund, (Act 1 and 2 Geo. IV.) bearing Interest at 5 per Cent. per Annum	66,319		Balances in Hands of Officers of the House, &c., of Sums advanced to pay Political Charges	4,325
His Majesty's Government, due per Estimate, on account of Pay Office Demands, after taking Credit for Sums due from Government to the Company	610,560		What the Company paid for their Dead Stock in India	400,000
The Commercial Branch, for Territorial and Political Payments made in England, between 1st May 1814 and 1st May 1828 (including Interest)	(fn. 1) 8,142,103
		9,457,484			2,156,223
Total Territorial and Political Credits Abroad and at Home carried forward	£	26,934,663	Total Territorial and Political Debts Abroad and at Home carried forward	£	54,973,452

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Dr No.25.-Stock, per Computation, of The East India Company, (exclusive of their Capital Stock,) drawn out, in respect to England, to the 1st May 1828, and in respect to India, to 1st May 1827- continued. Cr.

				£	£	£
Total Territorial and Political Debts Abroad and at Home brought and carried forward	£	54,973,452	Total Territorial and Political Credits Abroad and at Home brought and carried forward			26,934,663
COMMERCIAL DEBTS ABROAD, 1st May 1827.			COMMERCIAL CREDITS ABROAD, 1st May 1827.
Debts in the Commercial Department, 1st May 1827:-	£		Cash in the Commercial Department, 1st May 1827:-
Bengal, including Arrears Sa Rs 9,36,600 Ct, Rs 10,86,456	108,645		Bengal. Sa Rs 14,15,011 Ct Rs 16,41,413	164,141
Fort St. George, ditto Ms Rs 4,126	471		Fort St. George Ms Rs 3,92,933	44,907
Bombay, ditto By Rs 44,530	5,010		Bombay By Rs 27,682	3,114
					212,162
			China, 3d March 1827 Tales, 152,400 at 6s.8d.	50,800
			Cape of Good Hope Rx Drs 88,615 at 1s. 6d.	6,646
					57,446
			Goods and Merchandize in the Import Warehouse, 1st May 1827:-		269,608
			Bengal Sa Rs 14,82,349 Ct Rs 17,19,525	171,953
			Fort St. George Ms Rs 1,65,598	18,925
			Bombay By Rs 5,73,680	64,539
			£	255 417
			China, 3d March 1827 Tales, 366,193, at 6s. 8d.£122,064
			Cape of Good Hope Rx Drs 691,717, at 1s. 6d 51,879
				173,913
					429,360
			Goods and Merchandize in the Export Warehouse, 1st May 1827:-
			Bengal Sa Rs 94,38,451 Ct Rs 1,09,48,603	1,094,860
			Fort St. George Ms Rs 18,39,702	210,251
			Bombay By Rs 5,80,656	65,324
			£	1,370,435
			China, 3d March 1827 Tales 9,84,836	328,279
			£	1,698,714
			Deduct, Cargoes despatched from India and China since the Close of the several Quick Stocks and Books, as above, and arrived in England before 1st May 1828	1,283,508		415,206
			Debts owing to the Company, including Advances for Investment, 1st May 1827:-
			Bengal Sa Rs 69,76,528 Ct Rs 80,92,773	809,277
			Fort St. George Ms Rs 6,03,200	68,937
			Bombay By Rs 7,57,639	85,235
			£	963,449
			China, 3d March 1827	Tales 158,282 £52,761
			Cape of Good Hope Rx Drs 377,151
			Deduct, Loan to the Colonial Government, taken Credit for in the Home Account 250,000
			Rx Drs 127,151	9,536
				62,297
					1,025,746
			Advances on account of Investment, &c. at Surat and Malabar, omitted in the Bombay Quick Stock By Rs 413,996		46,575
			Amount of Bills of Exchange drawn on the Court of Directors from China, since the Close of the Books, either paid or charged as a Debt in England, on the 1st May 1828 £82,676
			Deduct, Bill from the Cape, in favour of the Company, drawn since ditto, credited 150			82,526
			Amount of Property in North American Colonies on 1st May 1827.
			Canada:
			£	£
			Balance in Hands of Agent-Currency, £362 9s. 11d. at 4s. 6d. per Dollar, and 8 perCent. Premium 302
			Invoice Value of Teas remaining unsold Tales, 380,206 at 6s. 8d 126,735
			Ditto of Cargoes afloat between China and Canada on 1st May 1827 261,837 87,279
			214,316
			Deduct, Remittances from Canada since 1st May 1827, which have been realized in England before 1st May 1828 50,808
				163,508
			Halifax:
			Cash Currency, £8,270 12 10
			Unsold Teas and Stores 3,867 2 2
			Debts due from Buyers of Tea 3,109 5 11
			15,247 0 11
			At 4s. 6d.,per Dollar, and 9 per Cent. Prem. Sterling,£12,589 6 1
			Add, Invoice Value of Cargo afloat 44,378 13 4
			Sterling,£56,967 9 5
			Deduct, Remittances from Halifax since 1st May 1827, which have been realized or taken Credit for in England before the 1st May 1828 37,604 15 0
				19,363
					182,871
Commercial Debts Abroad carried forward £	114,126		Total Commercial Credits Abroad carried forward £		2,451,892

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Dr No.25.-Stock, per Computation, of The East India, Company, (exclusive of their Capital Stock,) drawn out, in respect to England, to the 1st May 1828, and in respect to India, to 1st May l827- continued. Cr.

		£	£				£
Total Territorial and Political Debts Abroad and at Home, brought and carried forward			54,973,452	Total Territorial and Political Credits Abroad and at Home brought and carried forward			26,934,663
Commercial Debts Abroad brought forward		114,126		Total Commercial Credits Abroad carried forward		£ 2,451,892
COMMERCIAL DEBTS at HOME on 1st May 1828. £				COMMERCIAL CREDITS at Home and Afloat Outward on 1st May 1828.	£
Bills of Exchange unpaid	104,232			What due from the Public to the Company, East India Annuities engrafted on the 3 per Cents. Reduced, per Act 33 Geo.3. c.47.	1,207,560
Freight and Demurrage	267,900			Cash, its Balance on 1st May 1828	312,638
Supracargoes Commission upon all Goods sold and unsold	59,181			Amount of Goods sold, not paid for	1,028,394
Proprietors of Private Trade, upon all Goods sold	625,516			Value of Goods in England unsold	6,272,325
Almshouses at Poplar (Poplar Fund), bearing Interest at 5 per Cent. per Ann.	248,400			Cargoes from England of 1826-27, not arrived in India and China at the Close of the Official Year 1826-27	499,661
Unclaimed Prize Money applicable to ditto, (Act 1 and 2 Geo. IV.) ditto	35,730			Exports shipped in Season 1827-28, together with the Amount remaining unshipped on 1st May 1828	947,889
Warrants passed the Court, unpaid	120,600			Impress paid Owners of Ships not arrived in England	65,117
What owing for Teas returned by the Buyers, and resold	971			Value of Ships, Sloops and Vessels, exclusive of those stationed Abroad	174,574
Dividends on Stock	47,478			Value of the East India House and Warehouses	1,259,000
Interest on Bonds	40,182			What owing from sundry Persons for Advances repayable in England	6,221
Amount owing for Commercial Exports	33,696			Balances in Hands of Officers of the House and Warehouse-keepers, of Sums advanced to pay Commercial Charges	638
Amount owing to the Fee Funds and Widows Funds, the latter bearing Interest at 5 per Cent. Per Annum	12,446			Stock in the Public Funds standing in the Company's Name, valued at the Market Prices on 1st May 1828	749,882
		1,596,332		Advances from the Home Treasury, under the Arrangements entered into with the Trustees of the Deccan Booty, repayable with Interest	295,775
			1,710,458	Due from His Majesty's Government, for Advances from Commercial Funds at the Cape	18,203
Total Commercial Debts Abroad and at Home £				Bills and other Remittances from North American Colonies, on account of Proceeds of Tea, not yet realized	10,455
Add, the Amount of the Company's Home Bond Debt, bearing Interest £3,780,475				Territorial Branch, for Territorial and Political Payments made in England between 1st May 1814 and 1st May 1828 (including Interest)	(fn. 1) 8,142,103
Ditto Ditto not bearing Interest 15,417						20,990,435
			3,795,892	Total Commercial Credits Abroad and at Home			23,442,327
£			60,479,802	£			50,376,990
				Balance Deficient			10,102,812
				£			60,479,802

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	£
Total Territorial and Political Debts Abroad and at Home	54,973,452
Ditto Credits, Ditto	26,934,663
Balance deficient in the Territorial and Political Branch £	28,038,789
Total Commercial Debts, Abroad and at Home £1,710,458
Ditto Credits, Ditto 23,442,327
Balance in favour in the Commercial Branch	21,731,869
Balance deficient £	6,306,920
Add, the Amount of the Company's Home Bond Debt, as above	3,795,892
Total Balance deficient, including the Home Bond Debt £	10,102,812

In the Period from 1st May 1814 to 1st May 1828 there has also been advanced, or set apart from the Surplus Commercial Profits in England, the Sum of £4,840,955, towards the Liquidation of Indian Territorial Debt; which being a Payment under the 4th Head of Appropriation of the 57th Section of the 53d Geo. III., is not held to constitute a Claim upon the Territorial Department for Repayment, upon the Principle observed in respect to other Territorial Advances.

The Home Bond Debt is stated without specific Application to either Branch of the Company's Affairs, it not being determined to what Extent the Debt had its Origin from Political Causes.

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:-



-	Buildings and Fortifications.		Plate, Household Furniture, Plantations, Farms, Sloops, Vessels, Stores, &c.		Total.
	Political.	Commercial.	Political.	Commercial.	Total.
	£	£	£	£	£
Bengal, 30th April 1827	5,735,555	382,811	3,799,029	24,067	9,941,462
Madras	2,034,515	38,683	429,629	16,770	2,519,597
Bombay	1,815,798	75,185	445,938	21,832	2,358,753
Saint Helena	101,494		28,171		129,665
Prince of Wales Island	157,135	8,848	21,570	441	187,994
Singapore	18,916		527		19,443
Malacca	367		1,159		1,526
China, 3d March 1827		5,489		5,497	10,986
	9,863,780	511,016	4,726,023	68,607	15,169,426

East India House, 13th March 1829.

(Errors excepted.)

THO. G. LLOYD, Acct Genl.