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Burke, Edmund, 1729-1797

"The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12)"

--Being asked, Where he borrowed the money? he said, He believes
principally from soucars or native bankers, and some at Madras, as he
told him.--Being asked, Whether he told him that his credit was very
good, and that he borrowed upon moderate interest? he said, That he told
him he found great difficulties in raising money, and was obliged to
borrow at a most exorbitant interest, even some of it at forty-eight per
cent, and he believes not a great deal under it. _He desired him (the
witness) to speak to one of the soucars or bankers at Tanjore to
accommodate him with a loan of money: that man showed him an account
between him and the Rajah, from which it appeared that he charged
forty-eight per cent, besides compound interest_.--Being asked, Whether
the sums duo were large? he said, Yes, they were considerable; though he
does not recollect the amount.--Being asked, Whether the banker lent the
money? he said, He would not, unless the witness could procure him
payment of his old arrears.
Being asked, What notice did the government of Madras take of the king
of Tanjore's representations of the state of his affairs, and his
inability to pay? he said, He does not recollect, that, in their
correspondence with him, there was any reasoning upon the subject; and
in his correspondence with Sir Thomas Rumbold, upon the amount of the
jaghire, he seemed very desirous of adapting the demand of government to
the Rajah's circumstances; but, whilst he stayed at Tanjore, the Rajah
was not exonerated from any part of his burdens.


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