Under all these circumstances, we should be warranted to refuse our aid
or protection in the recovery of this loan. But when we consider the
inexpediency of keeping the subject of the Nabob's debts longer afloat
than is absolutely necessary,--when we consider how much the final
conclusion of this business will tend to promote tranquillity, credit,
and circulation of property in the Carnatic,--and when we consider that
the debtor concurs with the creditor in establishing the justice of
those debts consolidated in 1777 into gross sums, for which bonds were
given, liable to be transferred to persons different from the original
creditors, and having no share or knowledge of the transactions in which
the debts originated, and of course how little ground there is to expect
any substantial good to result from an unlimited investigation into
them, we have resolved so far to recognize the justice of those debts as
to extend to them that protection which, upon _more_ forcible grounds,
we have seen cause to allow to the other two classes of debts. But
although we so far adopt the general presumption in their favor as to
admit them to a participation in the manner hereafter directed, we do
not mean to debar you from receiving any complaints against those debts
of 1777, at the instance either of the Nabob himself, or of other
creditors injured by their being so admitted, or by any other persons
having a proper interest, or stating reasonable grounds of objection;
and if any complaints are offered, we order that the grounds of all such
be attentively examined by you, and be transmitted to us, together with
the evidence adduced in support of them, for our final decision; and as
we have before directed that the sum of twelve lacs of pagodas, to be
received annually from the Nabob, should be paid into our treasury, it
is our order that the same be distributed according to the following
arrangement.
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