_
You must here remark, Mr. Speaker, that this revenue is the produce of
_all_ the Nabob's dominions. During the assignment, the Nabob paid
nothing, because the Company had all. Supposing the whole of the lately
assigned territory to yield up to the most sanguine expectations of the
right honorable gentleman, and suppose 1,200,000_l._ to be annually
realized, (of which we actually know of no more than the realizing of
six hundred thousand,) out of this you must deduct the subsidy and rent
which the Nabob paid before the assignment,--namely, 340,000_l._ a year.
This reduces back the revenue applicable to the new distribution made by
his Majesty's ministers to about 800,000_l._ Of that sum five eighths
are by them surrendered to the debts. The remaining three are the only
fund left for all the purposes so magnificently displayed in the letter
of the Board of Control: that is, for a new-cast peace establishment, a
now fund for ordnance and fortifications, and a large allowance for what
they call "the splendor of the Durbar."
You have heard the account of these territories as they stood in 1782.
You have seen the _actual_ receipt since the assignment in 1781, of
which I reckon about two years and a quarter productive. I have stated
to you the expectation from the wasted part. For realizing all this you
may value yourselves on the vigor and diligence of a governor and
committee that have done so much.
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