The Works of the Right Honorable Edmund Burke
Cambridge Scholars Publishing, 2012 - 254 pages
Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: duced an excess of gain in that year of 209,243Z., and that no loss of moment could be added to that of Bengal, (except about 45,000Z. on the Bombay trade, ) the whole profit of a capital of 2,040,787/ . amounted only to the sum of 9,480Z. The detail of the articles in which loss was incurred or gain made will be found in the Appendix, No. 24. The circumstances of the time have rendered it necessary to call up a vigorous attention to this state of the trade of the Company between Europe and India. INTERNAL TRADE OF BENGAL. The internal trade of Bengal has next attracted the inquiries of your Committee. The great and valuable articles of the Company's investment, drawn from the articles of internal trade, are raw silk, and various descriptions of piece-goods made of silk and cotton. These articles are not under any formal monopoly; nor does the Company at present exercise a declared right of preemption with regard to them. But it does not appear that the trade in these particulars is or can be perfectly free, ? not so much on account of any direct measures taken to prevent it as from the circumstances of the country, and the manner of carrying on business there: for the present trade, even in these articles, is built from the ruins of old monopolies and preemptions, and necessarily partakes of the nature of its materials. In order to show in what manner manufactures and trade so constituted contribute to the prosperity of the natives, your Committee conceives it proper to take, in this place, a short general view of the progress of the English policy with relation to the commerce ofBengal, and the several stages and gradations by which it has been brought into its actual state. The modes of abuse, and the means by which commerce has suffered, will be considered in gre..