Affairs of the East India Company: Appendix C No. 25

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 C No. 25', 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/pp1380-1385 [accessed 23 December 2024].

'Affairs of the East India Company: Appendix C No. 25', 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/pp1380-1385.

"Affairs of the East India Company: Appendix C No. 25". 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/pp1380-1385.

In this section

[56]

[57]

Dr      No. 25.-STOCK, per Computation, of The East India Company, (exclusive of their Capital Stock,) drawn out, in respect to England, to the 1st May 1828, and in respect to india, to 1st May 1827                    Cr.
TERRITORIAL and POLITICAL DEBTS ABROAD. £ TERRITORIAL and POLITICAL CREDITS ABROAD. £ £
India Debt bearing Interest on 1st May 1827. Cash and Bills receivable in the several Departments on 1st May 1827.
Bengal: Bengal
Sa Rs 2,43,28,079     Ct Rs 2,82,20,572
2,822,057
Loans at 6 per Cent.
                         Sa Rs   8,70,64,310
Fort St. George        Ms Rs 2,13,03,471 2,434,682
Ditto at 5 ditto           16,58,73,520 Bombay                   By Rs 1,28,03,185 1,440,358
Ditto at 4 ditto               23,57,400 Prince of Wales Island, Singapore and Malacca
                                       Sa Rs 4,33,370
50,271
Her late Highness the Bhow Begum's Stipend Fund                55,98,435 £ 6,747,368
Treasury Notes            27,58,500 Add Consignment of Treasure in transitû between Fort St. George and Bombay-Madras Rupees, 2,00,000 at 2s. 3 3/7d. 22,857
Other Debts and Deposits bearing Interest                       59,03,500 St. Helena 44,823
                    Sa Rs 26,95,55,665 Ct Rs 31,26,84,571 at 2s. 31,268,457 6,815,048
Fort St. George: Advances made in England to several Public Institutions, repayable in India, not realized in India at the Close of the Official Year 1826-27 211 600
Loans at 8 per Cent.
                   Ms Rs    1,54,000
Stores in the several Departments oh 1st May 1827:-
Ditto at 6                  1,04,631 Bengal .
Sa Rs 2,27,57,636     Ct Rs 2,63,98,858
2,639,886
Other Debts and Deposits bearing Interest, including the Carnatic Fund
                            2,95,99,715
Fort St. George       Ms Rs 1,92,53,307 2,200,378
              Ms Rs   2,98,58,346 Bombay                  By Rs 1,06,16,615 1,194,369
at 2s.3 3/7d. £3,412,382 Prince of Wales Island, Singapore and Malacca Sa Rs 7,43,889 86,291
Deduct Payments in England on account of the Carnatic Fund, from 1st May 1827 to 1st May 1828 118 440 £ 6,120,924
3,293,942 St. Helena 146,668
Bombay: 6,267,592
Debts and Deposits bearing Interest at 8 per Ct.
                By Rs 20,13,069
Debts owing to the Company, including Arrears of Revenue, on 1st May 1827:-
Ditto   ditto  at   6   ditto
                           25,58,800
Bengal
Sa Rs 4,68,40,423  Ct Rs 5,43,34,890
5,433,489
Ditto   ditto   at   4   ditto
                          12,49,716
Fort St. George    Ms Rs 1,90,18,404 2,173,532
58,21,585 at 2s. 3d. 654,928 Bombay                  By Rs 65,53,308 737,247
Prince of Wales Island, Singapore and Malacca: Prince of Wales Island, Singapore and Malacca
                                Sa Rs   1,13,989
13,223
Debts and Deposits bearing Interest,
                Sa Rs 2,45,271
at 2s. per Ct Re 28,451 £ 8,357,491
Total Territorial Debts in India on 1st May 1827, bearing Interest £ 35,245,778 St Helena 4,957
Debts in India not bearing Interest on 1st May 1827. 8,362,448
Bengal, including Arrears of Interest and Allowances,   Sa Rs 7,99,52,949
          Ct Rs 9,27,45,421
£9,274,542 Amount of Securities purchased by the Commissioners for the Reduction of the Company's Debts in India, included in the Amount of Debt per contra Sa Rs 2,39,96,763, at 2s.per Ct Re 2,783,624
Fort St. George   ditto
           Ms Rs 94,19,931
1,076,564 Amount of Bills of Exchange drawn on the Court of Directors since the Close of the respective Quick Stocks and Books, either paid or charged as a Debt in England on 1st May 1828 359,642
Bombay   ditto
           By Rs 52,03,637
585,409 £ 24,799,954
Prince of Wales Island, Singapore and Malacca, Sa Rs 1,33,522 15,489 Deduct, Bills of Exchange remitted, drawn in the Company's Favor, for Supplies furnished by the several Presidencies, subsequently to the Close of the respective Quick Stocks and Books, the Amount of which has either been received or taken Credit for in England on 1st May 1828 21,514
£10,952,004 Total Territorial and Political Credits Abroad £ 24,778,440
Deduct the Amount paid in England for Off-Reckonings on Furlough and Retirement beyond the Amount adjusted in the India Books 681,814 TERRITORIAL and POLITICAL CREDITS, at Home and Afloat Outwards, on 1st May 1828.
Total Territorial Debts in India on 1st May 1827, not bearing Interest 10,270,190 Exports of Military Stores, &c. shipped in Season 1827-8, with the Amount remaining unshipped on 1st May 1828 979,118
Total Territorial and Political Debts Abroad £ 45 515 968 Cargoes from England of Season 1826-7, not arrived in India, &c. at the Close of the Official Year 1826-7 568,171
TERRITORIAL and POLITICAL DEBTS at HOME on 1st May 1828. What owing from sundry Persons for Advances repayable in England 19,932
Bills of Exchange, unpaid, from India and St. Helena, drawn on the Territorial and Political Account 446,141 Bills of Exchange drawn on His Majesty's Government for Supplies furnished in India, unpaid on 1st May 1828 51,015
Warrants passed the Court unpaid 78,700 Value of Carnatic Stock belonging to the Company 31,662
Amount owing for Territorial Exports 113,661 Value of East India College at Haileybury, and of the Military Seminary at Addiscombe 102,000
Unclaimed Prize Money applicable to Lord Clive's Fund, (Act 1 and 2 Geo. IV.) bearing Interest at 5 per Cent. per Annum 66,319 Balances in Hands of Officers of the House, &c., of Sums advanced to pay Political Charges 4,325
His Majesty's Government, due per Estimate, on account of Pay Office Demands, after taking Credit for Sums due from Government to the Company 610,560 What the Company paid for their Dead Stock in India 400,000
The Commercial Branch, for Territorial and Political Payments made in England, between 1st May 1814 and 1st May 1828 (including Interest) (fn. 1) 8,142,103
9,457,484 2,156,223
Total Territorial and Political Credits Abroad and at Home carried forward £ 26,934,663 Total Territorial and Political Debts Abroad and at Home carried forward £ 54,973,452

[58] [59] [61]

Dr No.25.-Stock, per Computation, of The East India Company, (exclusive of their Capital Stock,) drawn out, in respect to England, to the 1st May 1828, and in respect to India, to 1st May 1827- continued. Cr.
£ £ £
Total Territorial and Political Debts Abroad and at Home brought and carried forward £ 54,973,452 Total Territorial and Political Credits Abroad and at Home brought and carried forward 26,934,663
COMMERCIAL DEBTS ABROAD, 1st May 1827. COMMERCIAL CREDITS ABROAD, 1st May 1827.
Debts in the Commercial Department, 1st May 1827:- £ Cash in the Commercial Department, 1st May 1827:-
Bengal, including Arrears
Sa Rs 9,36,600     Ct, Rs 10,86,456
108,645 Bengal.
Sa Rs 14,15,011      Ct Rs 16,41,413
164,141
Fort St. George, ditto
                                Ms Rs    4,126
471 Fort St. George        Ms Rs 3,92,933 44,907
Bombay,   ditto
                                 By Rs 44,530
5,010 Bombay                      By Rs 27,682 3,114
212,162
China, 3d March 1827
                   Tales, 152,400 at 6s.8d.
50,800
Cape of Good Hope
                   Rx Drs 88,615 at 1s. 6d.
6,646
57,446
Goods and Merchandize in the Import Warehouse, 1st May 1827:- 269,608
Bengal
Sa Rs 14,82,349     Ct Rs 17,19,525
171,953
Fort St. George
                               Ms Rs 1,65,598
18,925
Bombay
                               By Rs 5,73,680
64,539
                                                     £ 255 417
China, 3d March 1827
 Tales, 366,193, at 6s. 8d.£122,064
Cape of Good Hope
 Rx Drs 691,717, at 1s. 6d   51,879
173,913
429,360
Goods and Merchandize in the Export Warehouse, 1st May 1827:-
Bengal
Sa Rs 94,38,451 Ct Rs 1,09,48,603
1,094,860
Fort St. George    Ms Rs 18,39,702 210,251
Bombay                 By Rs 5,80,656 65,324
                                                     £ 1,370,435
China, 3d March 1827
                                 Tales 9,84,836
328,279
                                                      £ 1,698,714
Deduct, Cargoes despatched from India and China since the Close of the several Quick Stocks and Books, as above, and arrived in England before 1st May 1828 1,283,508 415,206
Debts owing to the Company, including Advances for Investment, 1st May 1827:-
Bengal
Sa Rs 69,76,528    Ct Rs 80,92,773
809,277
Fort St. George    Ms Rs  6,03,200 68,937
Bombay               By Rs   7,57,639 85,235
                                                     £ 963,449
China, 3d March 1827 Tales 158,282 £52,761
Cape of Good Hope
                             Rx Drs 377,151
Deduct, Loan to the Colonial Government, taken Credit for in the Home Account 250,000
Rx Drs 127,151 9,536
62,297
1,025,746
Advances on account of Investment, &c. at Surat and Malabar, omitted in the Bombay Quick Stock
                           By Rs 413,996
46,575
Amount of Bills of Exchange drawn on the Court of Directors from China, since the Close of the Books, either paid or charged as a Debt in England, on the 1st May 1828
                                     £82,676
Deduct, Bill from the Cape, in favour of the Company, drawn since ditto, credited            150 82,526
Amount of Property in North American Colonies on 1st May 1827.
Canada:
                                            £ £
Balance in Hands of Agent-Currency, £362 9s. 11d. at 4s. 6d. per Dollar, and 8 perCent. Premium                              302
Invoice Value of Teas remaining unsold
Tales, 380,206 at 6s. 8d
                                     126,735
Ditto of Cargoes afloat between China and Canada on 1st May 1827   261,837
                                       87,279
                                     214,316
Deduct, Remittances from Canada since 1st May 1827, which have been realized in England before 1st May 1828
                                       50,808
163,508
Halifax:
Cash
         Currency, £8,270  12  10
Unsold Teas and Stores
                            3,867   2    2
Debts due from Buyers of Tea
                             3,109  5  11
                           15,247  0  11
At 4s. 6d.,per Dollar, and 9 per Cent. Prem.
              Sterling,£12,589  6  1
Add, Invoice Value of Cargo afloat               44,378   13   4
            Sterling,£56,967   9  5
Deduct, Remittances from Halifax since 1st May 1827, which have been realized or taken Credit for in England before the 1st May 1828
                        37,604  15  0
19,363
182,871
Commercial Debts Abroad carried forward                                            £ 114,126 Total Commercial Credits Abroad carried forward                                         £ 2,451,892

[60]

Dr No.25.-Stock, per Computation, of The East India, Company, (exclusive of their Capital Stock,) drawn out, in respect to England, to the 1st May 1828, and in respect to India, to 1st May l827- continued. Cr.
£ £ £
Total Territorial and Political Debts Abroad and at Home, brought and carried forward 54,973,452 Total Territorial and Political Credits Abroad and at Home brought and carried forward 26,934,663
Commercial Debts Abroad brought forward 114,126 Total Commercial Credits Abroad carried forward £
2,451,892
COMMERCIAL DEBTS at HOME on 1st May 1828. £ COMMERCIAL CREDITS at Home and Afloat Outward on 1st May 1828. £
Bills of Exchange unpaid 104,232 What due from the Public to the Company, East India Annuities engrafted on the 3 per Cents. Reduced, per Act 33 Geo.3. c.47. 1,207,560
Freight and Demurrage 267,900 Cash, its Balance on 1st May 1828 312,638
Supracargoes Commission upon all Goods sold and unsold 59,181 Amount of Goods sold, not paid for 1,028,394
Proprietors of Private Trade, upon all Goods sold 625,516 Value of Goods in England unsold 6,272,325
Almshouses at Poplar (Poplar Fund), bearing Interest at 5 per Cent. per Ann. 248,400 Cargoes from England of 1826-27, not arrived in India and China at the Close of the Official Year 1826-27 499,661
Unclaimed Prize Money applicable to ditto, (Act 1 and 2 Geo. IV.) ditto 35,730 Exports shipped in Season 1827-28, together with the Amount remaining unshipped on 1st May 1828 947,889
Warrants passed the Court, unpaid 120,600 Impress paid Owners of Ships not arrived in England 65,117
What owing for Teas returned by the Buyers, and resold 971 Value of Ships, Sloops and Vessels, exclusive of those stationed Abroad 174,574
Dividends on Stock 47,478 Value of the East India House and Warehouses 1,259,000
Interest on Bonds 40,182 What owing from sundry Persons for Advances repayable in England 6,221
Amount owing for Commercial Exports 33,696 Balances in Hands of Officers of the House and Warehouse-keepers, of Sums advanced to pay Commercial Charges 638
Amount owing to the Fee Funds and Widows Funds, the latter bearing Interest at 5 per Cent. Per Annum 12,446 Stock in the Public Funds standing in the Company's Name, valued at the Market Prices on 1st May 1828 749,882
1,596,332 Advances from the Home Treasury, under the Arrangements entered into with the Trustees of the Deccan Booty, repayable with Interest 295,775
1,710,458 Due from His Majesty's Government, for Advances from Commercial Funds at the Cape 18,203
Total Commercial Debts Abroad and at Home £ Bills and other Remittances from North American Colonies, on account of Proceeds of Tea, not yet realized 10,455
Add, the Amount of the Company's Home Bond Debt, bearing Interest £3,780,475 Territorial Branch, for Territorial and Political Payments made in England between 1st May 1814 and 1st May 1828 (including Interest) (fn. 1) 8,142,103
Ditto Ditto not bearing Interest 15,417 20,990,435
3,795,892 Total Commercial Credits Abroad and at Home 23,442,327
£ 60,479,802 £ 50,376,990
Balance Deficient 10,102,812
£ 60,479,802

[62]

£
Total Territorial and Political Debts Abroad and at Home 54,973,452
Ditto Credits, Ditto 26,934,663
Balance deficient in the Territorial and Political Branch £ 28,038,789
Total Commercial Debts, Abroad and at Home £1,710,458
Ditto Credits, Ditto 23,442,327
Balance in favour in the Commercial Branch 21,731,869
Balance deficient £ 6,306,920
Add, the Amount of the Company's Home Bond Debt, as above 3,795,892
Total Balance deficient, including the Home Bond Debt £ 10,102,812

In the Period from 1st May 1814 to 1st May 1828 there has also been advanced, or set apart from the Surplus Commercial Profits in England, the Sum of £4,840,955, towards the Liquidation of Indian Territorial Debt; which being a Payment under the 4th Head of Appropriation of the 57th Section of the 53d Geo. III., is not held to constitute a Claim upon the Territorial Department for Repayment, upon the Principle observed in respect to other Territorial Advances.

The Home Bond Debt is stated without specific Application to either Branch of the Company's Affairs, it not being determined to what Extent the Debt had its Origin from Political Causes.

In the above Account the Article of Dead Stock is valued at £400,000, which includes Buildings and Fortifications, Plate, Household Furniture, Plantations, Farms, Sloops, Vessels, Stores, and other Articles of Dead Stock, according to Lord Godolphin's Award in the Year 1702: whereas the whole of the Sums of Money expended in Buildings and Fortifications, by the latest Advices from the Company's several Settlements, for the Acquisition and Maintenance of their Possessions, and the nearest estimated Value of other Articles of Dead Stock, is as follows:-

- Buildings and Fortifications. Plate, Household Furniture, Plantations, Farms, Sloops, Vessels, Stores, &c. Total.
Political. Commercial. Political. Commercial.
£ £ £ £ £
Bengal, 30th April 1827 5,735,555 382,811 3,799,029 24,067 9,941,462
Madras 2,034,515 38,683 429,629 16,770 2,519,597
Bombay 1,815,798 75,185 445,938 21,832 2,358,753
Saint Helena 101,494 28,171 129,665
Prince of Wales Island 157,135 8,848 21,570 441 187,994
Singapore 18,916 527 19,443
Malacca 367 1,159 1,526
China, 3d March 1827 5,489 5,497 10,986
9,863,780 511,016 4,726,023 68,607 15,169,426

East India House, 13th March 1829.

(Errors excepted.)

THO. G. LLOYD, Acct Genl.

Footnotes

  • 1. Mem.-This Balance is subject to Reduction by the Amount of the Advances made in India from the Territorial Branch to the Commercial Branch, in the Indian Official Year 1827-28. The Documents whereby the Amount of these Advances is to be ascertained have not as yet been received from India, but which it is estimated may amount to £3,124,900, which will leave a Balance due to the Commerce of £5,017,203, including Interest.