Signed by order of the said Court,
THO. MORTON, _Sec_.
EAST INDIA HOUSE, the 3rd November, 1784.
* * * * *
_Extract of a Letter from the Commissioners for the Affairs of India, to
the Court of Directors, dated 3rd November, 1784, in Answer to their
Remonstrance_.
SIXTH ARTICLE.
We think it proper, considering the particular nature of the subject, to
state to you the following remarks on that part of your representation
which relates to the plan for the discharging of the Nabob's debts.
1st. You compute the revenue which the Carnatic may be expected to
produce only at twenty lacs of pagodas. If we concurred with you in this
opinion, we should certainly feel our hopes of advantage to all the
parties from this arrangement considerably diminished. But we trust that
we are not too sanguine on this head, when we place the greatest
reliance on the estimate transmitted to you by your President of Fort
St. George, having there the best means of information upon the fact,
and stating it with a particular view to the subject matter of these
paragraphs. Some allowance, we are sensible, must be made for the
difference of collection in the Nabob's hands, but, we trust, not such
as to reduce the receipt nearly to what you suppose.
2ndly. In making up the amount of the private debts, you take in
compound interest at the different rates specified in our paragraph.
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