Affairs of the East India Company: Appendix A (1) No. 9

Journal of the House of Lords: Volume 62, 1830. Originally published by His Majesty's Stationery Office, London, [n.d.].

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'Affairs of the East India Company: Appendix A (1) No. 9', in Journal of the House of Lords: Volume 62, 1830( London, [n.d.]), British History Online https://prod.british-history.ac.uk/lords-jrnl/vol62/pp1264-1265 [accessed 23 December 2024].

'Affairs of the East India Company: Appendix A (1) No. 9', in Journal of the House of Lords: Volume 62, 1830( London, [n.d.]), British History Online, accessed December 23, 2024, https://prod.british-history.ac.uk/lords-jrnl/vol62/pp1264-1265.

"Affairs of the East India Company: Appendix A (1) No. 9". Journal of the House of Lords: Volume 62, 1830. (London, [n.d.]), , British History Online. Web. 23 December 2024. https://prod.british-history.ac.uk/lords-jrnl/vol62/pp1264-1265.

In this section

[102]

[103]

No, 9. - An Account of the Profit or Loss upon the Trade of The East India Company between Europe and INDIA, EUROPE and CHINA, INDIA and CHINA, CHINA and the NORTH AMERICAN Colonies, for the last Ten Years.
PROFIT or LOSS upon the TRADE of The EAST INDIA COMPANY between EUROPE and INDIA for the last Ten Years.
YEARS. Upon Imports from India. Years Upon Exports to India. Total Trade between Europe and India.
Prime Cost, calculated at the Rates fixed by the Board of Commrsfor the Affairs of India for the Repayment of Territorial Advances; vizt2s. the Current Rupee, 2s . 3 3/7d. the Madras Rupee, and 2s. 3d. the Bengal Rupee.                                 Freight and Demorage. Charges of Merchandize, calculated at 5 per Cent. on the Sale Amount of the Goods. Total Cost and Charges. Sale Amount. Profit. Loss. Charges in India not added to Invoices; also, Profit or Loss from Interest and Exchange, and Loss by bad Debts, &c.in each previous Year, calculated at the same Rates.                                 Net Profit. Net Loss. Prime Cost, Freight, and Charges in England. Charges in India calculated at the Rates before stated. Total Cost and Charges. Sale Amount calculated at the Rates before stated. Profit. Loss. Profit. Loss. Losses at Sea on Consignments between Europe and India, including Jettisons, Salvages, &c. Net Profit. Net Loss.              
£ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £
1819-20 1,237,911 174,631 77,535 1,490,077 1,550,712 60,635 20,112 40,523 1818-19 463,306 19,209 482,515 521,643 39,128 79,651 763 78,888 -
1820-21 1,512,971 149,647 80,563 1,743,181 1,611,260 131,921 33,635 165,556 1819-20 489,839 9,030 498,869 489,803 9,066 174,622 9,949 184,571
1821-22 1,417,043 102,740 75,040 1,594,823 1,500,781 94,042 Net Profit 10,783 83,259 1820-21 522,543 10,830 533,373 543,523 10,150 73,109 2,163 75,272
1822-23 1,784,421 156,578 94,964 2,035,963 1,899,279 136,684 Net Profit 18,135 118,549 1821-22 567,883 14,356 582,239 631,979 49,740 68,809 9,639 78,448
1823-24 1,714,417 213,344 82,452 2,010,213 1,649,047 361,166 4,709 365,875 1822-23 324,268 16,305 340,573 376,322 35,749 330,126 16,556 346,682
1824-25 1,488,183 109,085 81,623 1,678,891 1,632,443 46,448 Net Profit 2,256 44,192 1823-24 470,620 15,711 486,331 525,788 39,457 4,735 7,018 11,753
1825-26 1,541,462 130,845 80,024 1,752,331 1,600,490 151,841 Net Profit 32,669 119,172 1824-25 279,429 13,180 292,609 314,551 21,942 97,230 2,092 99,322
1826-27 1,889,378 164,965 87,340 2,141,683 1,746,810 394,873 6,301 401,174 1825-26 125,131 12,385 137,516 140,850 3,334 397,840 575 398,415
1827-28 1,981,741 133,199 92,435 2,207,375 1,848,721 358,654 Net Profit 10,594 348,060 1826-27 55,041 8,359 63,400 49,835 13,565 361,625 860 362,485
1828-29 2,188,447 117,441 96,312 2,402,200 1,926,243 475,957 31,670 507,627 1827-28 50,364 17,585 67,949 49,114 18,835 526,462 5,350 531,812
16,755,974 1,452,475 848,288 19,056,737 16,965,786 60,635 2,151,586 21,990 40,523 2,153,464      3,348,424 136,950 3,485,374 3,643,408 199,500 41,466 79,651 2,034,558 54,965 78,888 2,088,760
Loss 2,090,951 Net Loss 2,112,941 Profit-158,034 Loss-1,954,907 Net Loss-2,009,872
Had the Company's Profit and Loss Accounts been made up at the Mercantile Rate of Exchange, as ascertained from the Rates at which Bills have been drawn from London on Calcutta, in each Year, instead of the Rates fixed by the Board of Commissioners for the Affairs of India, as regards the Repayment of Territorial Advances, the above Account of their Trade between Europe and India would have exhibited a Profit of £456,114, instead of a Loss of £2,009,872, making a Difference of                                                                                                                                                                          £2,465,986
The Profit on their China Trade would also have been increased in the same Period by the sum of                       1,545,943
Making a Total Difference of                                                                                                                                               £4,011,929
PROFIT or LOSS upon the TRADE of The EAST INDIA COMPANY, between EUROPE and CHINA for the last Ten Years.
Years. Upon Imports from China. Years. Upon exports to CHINA. Total trade between EUROPE and CHINA.
Prime Cost, calculated at 6s. 8d. the Tale. Freight and Demorage. Charges of Merchandize, calculated at 5 per Cent. on the Sale Amount of the Goods. Supra Cargoes Commission. Total Cost and Charges. Sale Amount. Profit. Charges in China of the previous Year, not added to the Invoices, at 6s. 8d. the Tale. Net Profit. Prime Cost and Charges in England. Freight paid in England. Charges in China, and Expence of unloading, at 6s. 8d. the Tale. Supra Cargoes Commission paid in England. Total cost and Charges. Sale Amount calculated at 6s. 8d. the Tale. Profit. Loss. Profit. Losses at Sea on Consignments between Europe and China, including Jettions, Salvages &c. and other Losses.                                  Net Profit.
£ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £
1819-20 1,787,911 475,817 175,707 52,712 2,492,147 3,514,157 1,022,010 1,340 1,020,670 1818-19 477,281 13,703 531 10,718 502,233 583,210 80,977 1,101,647 138,646 963,001
1820-21 1,678,080 471,286 171,473 51,442 2,372,281 3,429,458 1,057,177 4,760 1,052,417 1819-20 503,962 14,154 608 11,250 529,974 634,584 104,610 1,157,027 1,157,027
1821-22 1,734,586 501,718 186,302 55,891 2,478,497 3,726,050 1,247,553 767 1,246,786 1820-21 912,083 22,316 691 19,954 955,044 964,796 9,752 1,256,538 16,078 1,240,460
1822-23 1,818,760 543,994 186,111 55,833 2,604,698 3,722,230 1,117,532 1,145 1,116,387 1821-22 797,652 37,807 2,110 17,954 855,523 763,505 92,018 1,024,369 358 1,024,011
1823-24 1,856,711 525,277 188,679 56,604 2,627,271 3,773,586 1,146,315 932 1,145,383 1822-23 316,390 10,050 729 13,587 340,756 351,680 10,924 1,156,307 1,07,064
Loss by Fire at Canton 346,082		 703,161
1824-25 1,956,433 532,681 194,054 58,216 2,741,384 3,881,090 1,139,706 Excess of Charge in Invoice beyond Amt incurred £1,748 1,141,454 1823-24 729,373 24,450 945 14,909 769,677 767,253 2,424 1,139,030 1,139,030
1825-26 2,020,651 518,883 192,882 57,864 2,790,280 3,857,648 1,067,368 202 1,067,166 1824-25 697,993 23,660 954 15,248 737,855 759,116 21,261 1,088,427 46,028 1,042,399
1826-27 1,859,804 496,302 175,664 52,699 2,584,469 3,513,296 928,827 D°   D°   7,041 935,868 1825-26 832,991 15,169 1,347 18,078 867,585 928,136 60,551 996,419 919 995,500
1827-28 1,747,545 504,505 162,591 48,777 2,463,418 3,251,801 788,383 289 788,094 1826-27 762,241 15,620 1,327 16,576 795,764 813,788 18,024 806,118 806,118
1828-29 1,804,151 508,827 164,536 49,361 2,526,875 3,290,748 763,873 439 763,434 1827-28 618,962 11,000 1,052 13,524 644,538 622,454 22,084 741,350 261 741,089
18,264,632 5,079,290 1,797,999 539,399 25,681,320 35,960,064 10,278,744 1,085 10,277,659 6,648,928 187,929 10,294 151,798 6,998,949 7,188,522 306,099 116,526 10,467,232 655,436 9,811,796
Net Profit-189,573

[104-5]

PROFIT or LOSS upon the TRADE of The EAST INDIA COMPANY between INDIA and CHINA for the last Ten Years.
YEARS. Prime Cost and Charges in India, calculated at the Rates fixed by the Board of Commrsfor the Affairs of India for the Repayment of Territorial Advances; vizt2s. the Current Rupee, 2s. 2 3/7d. the Madras Rupee, and 2s. 3d. the Bengal Rupee.                     (fn. 1) Freight paid in England, &c. Charges in China at 6s. 8d. the Tale. Supra Cargoes Commission paid in England. Total Cost and Charges. Sale Amount, calculated at 6s. 8d. the Tale. Profit. Loss. Losses at Sea on Consignments between India and China, Jettisons, Salvages, &c. Net Profit. Net Loss.                
£ £ £ £ £ £ £ £ £ £ £
1818-19 311,122 60,088 1,945 7,359 380,514 369,906 10,608 10,608
1819-20 363,083 47,457 2,249 8,163 420,952 410,396 10,556 10,556
1820-21 390,821 44,928 3,069 7,482 446,300 377,187 69,113 1,981 71,094
1821-22 512,138 55,633 4,110 8,003 579,884 404,281 175,603 10,734 186,337
1822-23 224,940 25,410 1,425 4,177 255,952 210,267 45,685 153 45,838
1823-24 433,576 64,105 3,138 9,340 510,159 470,169 39,990 470 40,460
1824-25 367,842 83,716 2,618 9,140 463,316 459,638 3,678 3,678
1825-26 337,609 68,607 2,509 8,786 417,511 441,821 24,310 24,310 -
1826-27 407,124 84,489 3,231 9,854 504,698 495,954 8,744 8,744
1827-28 417,652 89,514 3,510 8,912 519,588 449,118 70,470 70,470
3,765,907 623,947 27,804 81,216 4,498,874 4,088,737 24,310 434,447 13,338 24,310 447,785
Loss-410,137 Net Loss 423,475

[106]

TRADE between CHINA and the NORTH,AMERICAN COLONIES.
- On Teas sent to Canada.
Quantity sold. Prime Cost and Charges in China, including Supra Cargoes Commission at 6s. 8d. per Tale. Freight and Demorage paid in England. Duties and Charges of Merchandize incurred in Canada. Total Cost and Charges. Sale amount. Profit. Losses at Sea on Consignments between China and Canada.
lbs. £ £ £ £ £ £ £
In the Year
1825-26 		512,314 38,677 5,608 12,121 56,406 74,963 18,557 -
1826-27 392,134 27,887 5,292 9,551 42,730 49,967 7,237 -
1827-28 547,352 42,431 7,932 12,474 62,837 72,057 9,220 -
1828-29 515,521 38,379 7,207 12,244 57,830 66,717 8,887 -
                       1,967,321 147,374 26,039 46,390 219,803 263,704 43,901 -
- On Teas sent to Halifax.
Quantity sold. Prime Cost of the Sales, as above. Freight and Demorage. Duties and Charges of Merchandize incurred at Halifax. Total Cost and Charges. Sale Amount. Profit. Losses at Sea on Consignments between China and Halifax.
lbs £ £ £ £ £ £ £
In the Year
1826-27		 368,715 24,111 6,658 2,727 33,496 38,484 4,988 -
1827-28 398,054 25,686 5,020 3,059 33,765 38,341 4,576 -
1828-29 526,595 29,690 5,692 3,281 38,663 44,746 6,083 -
1,293,364 79,487 17,370 9,067 105,924 121,571 15,647 -

East India House, 17th March 1830.

(Errors excepted.)

THO. G. LLOYD, AcctGenl.

Footnotes

  • 1. The Freight of the above Consignments, which were for the greater Part conveyed from India to China by Ships proceeding circuitously from England, has been apportioned according to the Company's Usage. The extra Charge, however, paid to the Owners in the Instances comprised in the above Statement for the Peformance of the circuitous Voyage, together with Payments to Ships taken up in India for this Service, amounted to only £374,471. If the Profit or Loss on this Trade were deducted from this Charge for Freight, instead of the Charge above inserted, the Loss thereon would be reduced to the Sum of £173,999, and the Profit on the Homeward Trade would be reduced in the same Proportion.
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