To the growing interest and capital of the 1777 loan, five lacs.
When the Company's debt shall be discharged, the whole is then to be
applied in discharge of the debt 1777.
If the Nabob shall be prevailed upon to apply the arrears and growing
payments of the Tanjore peshcush in further discharge of his debts, over
and above the twelve lacs of pagodas, we direct that the whole of that
payment, when made, shall be applied towards the reduction of the
Company's debt.
We have laid down these general rules of distribution, as appearing to
us founded on justice, and the relative circumstances of the different
debts; and therefore we give our authority and protection to them only
on the supposition that they who ask our protection acquiesce in the
condition upon which it is given; and therefore we expressly order,
that, if any creditor of the Nabob, a servant of the Company, or being
under our protection, shall refuse to express his acquiescence in these
arrangements, he shall not only be excluded from receiving any share of
the fund under your distribution, but shall be prohibited from taking
any separate measures to recover his debt from the Nabob: it being one
great inducement to our adopting this arrangement, that the Nabob shall
be relieved from all further disquietude by the importunities of his
individual creditors, and be left at liberty to pursue those measures
for the prosperity of his country which the embarrassments of his
situation have hitherto deprived him of the means of exerting.
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