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Updated: July 13, 2025
They granted twenty thousand pounds to the East-India company, towards enabling them to defray the expense of a military force in their settlements: and the same sum was granted for carrying on the fortification to secure the harbour of Milford.
The bank fund at this time amounted to £3,375,027:17:10½, for which was paid an annuity or interest of £206,501:15:5d. The East-India fund amounted to £3,200,000, for which was paid an annuity or interest of £160,000; the bank fund being at six per cent., the East-India fund at five per cent. interest.
My wife had tea ready for him, which it is well known he delighted to drink at all hours, particularly when sitting up late, and of which his able defence against Mr. Jonas Hanway should have obtained him a magnificent reward from the East-India Company.
Then a bill was brought in, disabling them to enjoy any office in that company, or in the East-India company, or in the bank of England. Three brokers were likewise examined, and made great discoveries. Knight, the treasurer of the South-Sea company, who had been entrusted with the secrets of the whole affair, thought proper to withdraw himself from the kingdom.
I therefore freely admit to the East-India their claim to exclude their fellow-subjects from the commerce of half the globe. Those who carry the rights and claims of the company the furthest do not contend for more than this; and all this I freely grant.
To justify us in taking the administration of their affairs out of the hands of the East-India Company, on my principles, I must see several conditions. 1st. The object affected by the abuse should be great and important. 2nd. The abuse affecting this great object ought to be a great abuse. 3rd. It ought to be habitual, and not accidental. 4th.
Amongst these we may reckon an additional shilling in the pound land tax, for three years; the two millions received from the East-India company, as indemnification for their territorial acquisitions; and the one hundred and ten thousand pounds received from the bank for the renewal of their charter.
The Dutch East-India Company likewise having extended their commerce, built the city of Batavia, and a church was opened there; and the Lord's Supper was administered for the first time, on the 3d of January, 1621, by their minister James Hulzibos, from hence some ministers were sent to Amboyna, who were very successful.
The East-India ships, on their return, take off a considerable quantity of the paste, which is sold to great profit among the muselmans of Hindostan. Four pancake-makers, who sell, early in the morning, pancakes fried in butter; a favourite breakfast. Five bean-sellers. These sell for breakfast also, at an early hour, Egyptian horse-beans boiled in water, which are eaten with ghee and pepper.
The place where I am is of very little importance or consequence as a state or community; neither is there any thing curious or interesting in the character or oeconomy of its inhabitants. There are some few merchants in Nice, said to be in good circumstances. I know one of them, who deals to a considerable extent, and goes twice a year to London to attend the sales of the East-India company.
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