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Article PARLIAMENTARY PROCEEDINGS. ← Page 8 of 9 →
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Parliamentary Proceedings.
General Smith brought forward a clause of considerable length , which he preposed to introduce into the bill , respecting the proceeds and arrears of the Duchyof Cornwall during the minority of the Prince ; and asserting a right in the Prince to claim them for his own use , & c . General Smith having moved that the said clause do stand part of the bill , a debate ensued , in which the Attorney General , Mr . Pitt , Mr . Fox , Mr . Sheridan , and some other members , took part ; after which the House divided , for the motion 40 , against it 97 . - Another division afterwards took placewherein 131 members present
, were alt on one side , and the two tellers only left on the other . The motion related to the separate allowance to the Princess of Wales , and which Colonel Stanley proposed should be chargeable with her separate debts . . After a variety of amendments , the Bill was ordered to be read a third time on Wednesday . 16 . The House resolved itself into a committee , Mr . Joddrell in the chair , to ' which the different accounts and of the British East-India settlements
expences were ordered to be referred . Mr . Dundas then rose and said , that he would reduce to as narrow and simple a statement as possible , the subject he had now to speak of , which was in itself of a nature complex and extensive ; this he hoped he could easily do , as the accounts he had to bring forward , though various and numerous , were by no means perplexed . * He then stated the revenues and charges of the different settlements in the ; EastIndieswhen the former
- , appeared to exceed the latter in the sum of ; 1 , 86 7 , 7441 . Mr . Dundas next stated the debts due to the Company in India , then the as--sets , by which it appeared that the assets had increased . 73 , 8041 . The Company ' s affairs were therefore better this year by 625 , 7471 . The affairs of the Company at hpme he next considered , where he found an > excess beyond the estimate of 157 , 500 ! . From the general result of the comparison of the last and present year's accountsthe affairs to be better with
, Company ' s appear respect to debts and assets 1 , 412 , 240 ] , . Mr . Dundas , after expressing his . sanguine hopes that the prosperity of our ; India settlements would yearly increase , intimated his intention of melioratingthe state of the Indian army , and making provision in certain cases for its officers . He then concluded by moving several resolutions founded on the abovestatements . After the first resolution moved by Mr . Dundas was read by . the chairman , Mr . Hussey said , as it did not appear by the Right Hon . Gentleman's statement , he wished to know the amount of the debt due from the Company to Government .
Mr . Dundas said , that the Company contended there was no debt due to Government , though his Right Hon . Friend , the Chancellor of the Exchequer , maintained the contrary position . Mr . Hussey then , adverting to part of the statements of Mr . Dundas , observed , that notwithstanding the flourishing state of the company had been insisted on , he held a paper in his hand , by which it appeared that in the year 1781 the balance in favour of the company was 5 , 536 , 0001 . and in the accounts now offered this balance was 42 , 0001 . less than in 1781 , whereas the difference of their stock in these
or capital periods was very great indeed . In the former period ( 1781 ) it was , taking it one way , 3 , 200 , 000 ! . and another 2 , 800 , 000 ! . and now it was stated to be 7 , 520 , 000 ! . That the result of this increased capital should be a reduced balance , appeared to him somewhat extraordinary . Mr . Hussey was answered by the Chancellor of the Exchequer . General Smith rose to express his satisfaction at the regular and orderly mode ofstating the Company's affairs annually to-Parliament , introduced by the Right Hon . Gentleman . The advantages of the plan were obvious ; by it the accounts of each year could be regularly compared with that immediately preceding . Those statements were in general so voluminous , that it was impos-
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Parliamentary Proceedings.
General Smith brought forward a clause of considerable length , which he preposed to introduce into the bill , respecting the proceeds and arrears of the Duchyof Cornwall during the minority of the Prince ; and asserting a right in the Prince to claim them for his own use , & c . General Smith having moved that the said clause do stand part of the bill , a debate ensued , in which the Attorney General , Mr . Pitt , Mr . Fox , Mr . Sheridan , and some other members , took part ; after which the House divided , for the motion 40 , against it 97 . - Another division afterwards took placewherein 131 members present
, were alt on one side , and the two tellers only left on the other . The motion related to the separate allowance to the Princess of Wales , and which Colonel Stanley proposed should be chargeable with her separate debts . . After a variety of amendments , the Bill was ordered to be read a third time on Wednesday . 16 . The House resolved itself into a committee , Mr . Joddrell in the chair , to ' which the different accounts and of the British East-India settlements
expences were ordered to be referred . Mr . Dundas then rose and said , that he would reduce to as narrow and simple a statement as possible , the subject he had now to speak of , which was in itself of a nature complex and extensive ; this he hoped he could easily do , as the accounts he had to bring forward , though various and numerous , were by no means perplexed . * He then stated the revenues and charges of the different settlements in the ; EastIndieswhen the former
- , appeared to exceed the latter in the sum of ; 1 , 86 7 , 7441 . Mr . Dundas next stated the debts due to the Company in India , then the as--sets , by which it appeared that the assets had increased . 73 , 8041 . The Company ' s affairs were therefore better this year by 625 , 7471 . The affairs of the Company at hpme he next considered , where he found an > excess beyond the estimate of 157 , 500 ! . From the general result of the comparison of the last and present year's accountsthe affairs to be better with
, Company ' s appear respect to debts and assets 1 , 412 , 240 ] , . Mr . Dundas , after expressing his . sanguine hopes that the prosperity of our ; India settlements would yearly increase , intimated his intention of melioratingthe state of the Indian army , and making provision in certain cases for its officers . He then concluded by moving several resolutions founded on the abovestatements . After the first resolution moved by Mr . Dundas was read by . the chairman , Mr . Hussey said , as it did not appear by the Right Hon . Gentleman's statement , he wished to know the amount of the debt due from the Company to Government .
Mr . Dundas said , that the Company contended there was no debt due to Government , though his Right Hon . Friend , the Chancellor of the Exchequer , maintained the contrary position . Mr . Hussey then , adverting to part of the statements of Mr . Dundas , observed , that notwithstanding the flourishing state of the company had been insisted on , he held a paper in his hand , by which it appeared that in the year 1781 the balance in favour of the company was 5 , 536 , 0001 . and in the accounts now offered this balance was 42 , 0001 . less than in 1781 , whereas the difference of their stock in these
or capital periods was very great indeed . In the former period ( 1781 ) it was , taking it one way , 3 , 200 , 000 ! . and another 2 , 800 , 000 ! . and now it was stated to be 7 , 520 , 000 ! . That the result of this increased capital should be a reduced balance , appeared to him somewhat extraordinary . Mr . Hussey was answered by the Chancellor of the Exchequer . General Smith rose to express his satisfaction at the regular and orderly mode ofstating the Company's affairs annually to-Parliament , introduced by the Right Hon . Gentleman . The advantages of the plan were obvious ; by it the accounts of each year could be regularly compared with that immediately preceding . Those statements were in general so voluminous , that it was impos-