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make a drachm. Besides the drachm, there are also pieces of the value of five drachms, of half a drachm, and of a quarter of a drachm. In copper there are half leptas, and pieces of 5 and 10 lepta. Gold 20 and 40 drachm pieces are to be coined. The gold and silver coins have on one side the king's bust, with the inscription, "Otho, King of Greece;" and on the other the arms of the kingdom, and the value of the coin and the date of the year in figures. The circulation of all other kinds of coin is annulled.

The following coins are the only ones taken at the Treasury, which gives in exchange new coin, according to the following tariff:

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PART VI.

ASIA.

ARABIA.

PRINCIPAL PORTS.-Aden, Beetlefackie, Bussoran or Basra, Hodeida, Judda, Loheia, Mocha, Muscat.

PERSIA.

PRINCIPAL PORTS.—Bushire, Bahreen, Gombroon.

EAST INDIA COMPANY'S TERRITORIES, EXCLUSIVE OF

SINGAPORE.

PRINCIPAL PORTS.-Allepee (a), Arracan, Bimlepatam, Bombay Island, Coringa, Calcutta, Chittagong, Fort William, Madras, Malacca, Penang, Surat, Tanaserim, Tellicherry, Visigapatam.

PRINCIPAL PORT.-Singapore.

SINGAPORE.

It appears that the trade carried on with the native settlements on the east coast of the Malayan peninsula, by the means of sampanpucats (small trading vessels so called), forms one of the most valuable and profitable portions of the general commerce of Singapore. Ten vessels are constantly engaged in this trade, performing five voyages each during the year. The cargo of each boat, consisting chiefly of opium, averages, at every voyage, from 15,000 to 20,000 dollars in value, or, taken collectively, at about 1,000,000 Spanish dollars per annum for all the boats: in return for which gold-dust, tin, pepper, &c., are brought from the coast. vessels are entirely manned by Chinese.-Ed.

CEYLON.

PRINCIPAL PORTS.-Columbo, Point-de-Galle, Trincomalee.

These

On the 9th of July, 1833, the Governor issued a proclamation repealing all the existing laws relating to cinnamon, and declaring that from the following day it should be lawful for all persons to cultivate, possess, and sell the same, subject to certain restrictions and exceptions; and also allowing the exportation of it in any quantity from the ports of Colombo and Point-de-Galle, on payment of a duty of 3s. per pound weight, the penalty for fraudulently shipped cinnamon being fixed at 10s. per pound weight. It was further enacted, that all persons possessing cinnamon should, on the 1st of every month, make a return of the quantity in store, and of the amount disposed of during the previous month.

FRENCH SETTLEMENTS.

PRINCIPAL PORT.—Pondicherry.

DANISH SETTLEMENTS.

PRINCIPAL PORTS.-Serampore, Tranquebar.

PORTUGUESE SETTLEMENTS.

PRINCIPAL PORTS.-Dui, Dumaum, Goa, Meliapour or St. Thomé.

(a) By customs order, dated Sept. 28, 1833, Allepee, on the Malabar coast, is not a British possession, being, like Quilon, a port within the dominions of the Rajah of Travancore.

CUTCH AND SCIND.

PRINCIPAL PORTS.-Aurungabunder, Crotchey, Muddi, Tatta.

BIRMAN EMPIRE.

PRINCIPAL PORT.-Rangoon.

SIAM.

PRINCIPAL PORTS.-Bankok, Cancao.

COCHIN CHINA.

PRINCIPAL PORTS.- Cambodia, Cachaa, Faifoe, Hue, Quinhon, Saigong, Taron or Hansan.

SUMATRA.

PRINCIPAL PORTS.-Bencoolen, Padang, Palembang, Pedir, Tappancely.

JAVA.

PRINCIPAL PORTS.-Batavia, Cheribon, Samarang, Sourabaya.

OTHER ISLANDS of the INDIAN SEAS, exclusive of the Phillipine Islands.

PRINCIPAL PORTS.-Amboyna (Island), Banda, Banka, Batchian, Billeton, Bintand, Borneo, Bouro, (Islands of), Celebes (Island), Gilolo (Island), Motir, Mysol, Matchian, (Islands of), New Guinea (Island), Pelew Islands, Ternate, Tidore, Timor (Islands).

PHILLIPINE ISLANDS.

PRINCIPAL PORTS.-Leyte, Luxon or Luçonia (Islands), Mindanao, Mindoro, Manilla (Islands), Negros (Island), Panay, Palawan, (Islands), Samar (Island), Zebu (Island).

PRINCIPAL PORT.-Canton.

CHINA.

Office of Committee of Privy Council for Trade,
Whitehall, December 24th, 1833.

Sir. The lords of the committee of privy council for trade having reason to believe, from applications addressed to this board, that doubts are entertained by some of the merchants in this country as to the precise extent of the port of Canton, their lordships have thought it right to obtain the necessary information on this subject; and their lordships find that the commissioners for the affairs of India consider that the Bocca Tigris marks the limits of the port of Canton, in which opinion the lords of this committee concur.

I am commanded to communicate to you the above statement for the information of the merchants and others who may engage in the trade to China.

To the Chairman of Lloyd's.

EAST INDIES.
HISTORICAL SUMMARY.

THE charter granted by King William III., in the year 1698, is the foundation of the privileges now enjoyed by the United East India Company.

The exclusive privilege of trading eastward of the Cape of Good Hope to the Straits of Magellan, was then granted, and confirmed by the act of 9 10 William III. c. 44, and was subse

I am, &c. THOMAS LACK.

quently continued to them by successive acts of Parliament until 1794. In 1793 the act of 33 Geo. III. c. 52. was passed, by which the British territories in India, together with the exclusive trade, were, under certain limitations, continued to the Company for the further term of twenty years. In 1814 the trade with India was opened to

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Some of the portions of this capital were raised at rates far exceeding their nominal amount. The sum actually subscribed in 1794 was 2,027,2957., and the whole amount which has been paid into the Company's treasury for capital stock is 7,780,000.

In

The legislative enactments respecting the territorial possessions of the Company commenced in 1767. that year it was agreed, between the public and the Company, that in consideration of an annual payment of 400,000. the large territorial possessions which had been recently obtained in India should remain in possession of the Company for the term of two years. This term was afterwards extended to five years more, from the 1st of February, 1769. The sums paid to the public under these two acts were, In 1768 £400,000 0 0 400,000 0 400,000 0 0 400,000 0 0 200,000 0 253,779 3 5 9 115,619 14

1769

1770

1771

1772

1773

1775 (payable in 1773)

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Total £2,169,398 18 2 In 1773 the Company presented a petition to parliament, praying for relief. They solicited a loan for four years, and a sum of 1,400,000l. was accordingly lent to them. Parliament, upon that occasion, first assumed a general regulation of the Company's affairs. The governor-general in council, and the supreme court of judicature at Calcutta, were established; the mode of electing directors, and the qualification of voters were determined; an appropriation was made of the revenues and profits of the

Company; the dividend was regulated; and statements were required to be rendered half-yearly to the treasury of the profits and loss upon the trade and revenues, and of the Company's debts in England, exclusive of their bond debt.

The loan of 1,400,000l. having been discharged, two other acts were successively passed, by each of which the territory was continued to the Company for one year.

In 1781 an act was passed for continuing the territorial acquisitions and revenues in the Company for a period terminating upon three years' notice, to be given after the 1st of March, 1791. Under this act the Company paid to the public 400,000l., in satisfaction of all claims up to the 1st of March, 1781.

In 1793 the same privileges were extended to the Company from 1794 until the year 1814. Under the provisions of this act the Company were to pay to the public the sum of 500,000. annually, unless prevented by war expenditure: but, owing to the state of their finances during that period of continued hostilities, they were unable to make more than two payments, of 250,000l. each, in the years 1793-4 and 1794-5.

In all the enactments, down to that of 1793 inclusive, the territorial and commercial affairs of the Company had been blended together, as forming one undivided concern; and although the revenues of the Company in India, and their profits in Great Britain, had been separately appropriated, yet no direct provision had ever been made for accurately distinguishing, either in India or in England, those receipts and disbursements which were of a political character from those which properly appertained to the commercial

branch.

The great difficulty which the committees of 1810, 1811, and 1,812, experienced in the investigation of the East India Company's financial affairs arose chiefly from this circumstance, and is repeatedly adverted to in their reports.

The act 53 Geo. III. c. 155, contains provisions which, by effecting a separation of accounts between the two

branches of the Company's affairs, appear to have been intended to remove this ground of difficulty for the future.

The East India Company are required, within the first fourteen sitting days next after the Ist of May in every year, to lay before the houses of parliament accounts, territorial and commercial, made according to the latest advices which shall have been received, and with as much accuracy as the nature of the case will admit.

TERRITORIAL REVENUES.

The gross revenues of the three presidencies, and the subordinate settlements, during the fifteen years ending in 1828-1829, were as follows:

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To this may be added a

sum received in 1815
and 1816 from the
Vizier of Oude in ex-
change for territory

Total

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1,109,97.

£311,083,400

The gross revenues of India have progressively increased to a consider able amount. Their annual average amount in the three last years of the term which expired in 1814 was 16,764,700.; the average of the three last years, up to 1828-1829 inclusive, was 22,987,4721.

These sums, being stated in gross, are chargeable with the expenses incurred in the collection of the revenue, in the manufacture of salt and opium, and in the payment of stipends under £196,121,983 the several treaties and engagements 82,042,967 by which the Company hold the terri30,986,970 tory, amounting to about 5,000,000%. per annum. After deducting this sum, £309,151,920 the remainder is the revenue applicable to the expenses of the civil and military government and the interest of the debt.

Subordinate settlements 821,505

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£309,973,425

Parliamentary Report of the Select Committee on the Affairs of the East India
Company, 1832.

NEW CHARTER.

The great and striking distinction between the present and every former charter lies in the change which it effects in the character and functions of the Company. The corporation has hitherto been considered as essentially commercial, and only accidentally political or sovereign, being properly entitled "The United Company of Merchants of Eng. land trading to the East Indies." It is now entirely divested of its trading functions, and is only retained as a political instrument for governing the mighty empire which its extraordinary fortunes had thrown in its way, or which extraordinary contingencies had compelled its servants to conquer and to occupy.

It was evident ever since the act of 1813, which admitted the private trader into competition with the Company in India, that their open trade had been a losing concern; and that they derived all their commercial profits from their China monopoly. From the proceeds of this monopoly they admit that they not only paid their dividends, but obtained a surplus to redeem a portion of their territorial debt. As an exclusive company, paying higher freight for the

ships which they chartered, and having supercargoes at Canton, with emoluments of 7,000l. or 8,000l. a year, could never be supposed to be economical, it was plain that the greatest part of their enormous gains on the China trade was the result of the monopoly, and extracted from the pockets of the people of England by their exclusive privileges.

This change renders necessary the sale and disposal of the commercial property, the stores, the merchandise, ships, warehouses, and real and personal estates of the Company, from the date of April next, when the operation of the new charter commences. The produce of all these commercial assets is then to be "held, received, and exercised" by the Company in trust for His Majesty, for the service of the Government of India; or, in other words, to pay its territorial debt, or to be employed in supporting its civil and military establishments. The only reserve out of this destination of their trading property is to be a fund of 2,000,000l. sterling, to accumulate at compound interest for the redemption of their capital in 1874, their dividend of 10 per cent. on that

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