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Updated: June 13, 2025
Hastings is willing to allow; but when he enters into the particulars of it, he proves by the subdivision of the payment, and by the non-payment of part of it, that it accords with the two lacs, and not with the lac and a half. There are other circumstances in these accounts highly auxiliary to this evidence.
To the private views of a few individuals, who have enriched themselves at the expense of your influence and of my country: for your servants HAVE NO TRADE IN THIS COUNTRY, neither do you pay them high wages; yet in a few years they return to England with many lacs of pagodas.
Being asked, Whether he has reason to believe the sixty lacs of pagodas was all principal money really and truly advanced to the Nabob of Arcot, or a fictitious capital, made up of obligations given by him, where no money or goods were received, or which was increased by the uniting into it a greater interest than the twelve per cent expressed to be due on the capital? he said, He has no reason to believe that the sum of sixty lacs of pagodas was lent in money or goods to the Nabob, because that sum he thinks is of more value than all the money, goods, and chattels in the settlement; but he does not know in what mode or manner this debt of the Nabob's was incurred or accumulated.
Being asked, Whether he thinks those complaints were well founded? he says, He thinks the Rajah of Tanjore was not only not in a state of ability to pay the deposit-money, but that the annual payment of four lacs of pagodas was more than his revenues could afford.
The Nabob had, long before passing the act, by treaty with our Bengal government, agreed to pay us seven lacs of pagodas, as part of the twelve lacs, in liquidation of those arrears; of which seven lacs the arrangement you have been pleased to lay down would take away from us more than the half, and give it to private creditors, of whose demands there are only about a sixth part which do not stand in a predicament that you declare would not entitle them to any aid or protection from us in the recovery thereof, were it not upon grounds of expediency, as will more particularly appear by the annexed estimate.
We shall proceed to state our objections to such of the amendments as appear to us to be either insufficient, inexpedient, or unwarranted. 6th. Concerning the private debts of the Nabob of Arcot, and the application of the fund of twelve lacs of pagodas per annum.
The pestilence was partially arrested by a glut of gold. A treasure of many lacs of rupees being intercepted on its way to Lahore, enriched and mollified its captors. But at last, gorged with slaughter, and surfeited with excess, they modified their claims within limits to which the government intimated its willingness to accede. The incurable evil was consummated.
He had met with marvellous prosperity; for Hancock's had been paying off the prize-money; and his own lion's share, as general, in the easy process of dethroning half a dozen diamond-hilted rajahs and nabobs, amounted to something like four lacs of rupees, nearly half a crore!
Until our debt shall be discharged, we can by no means consent to give up any part of the seven lacs to the private creditors; and we humbly apprehend that in this declaration we do not exceed the limits of the authority and rights vested in us. The Representation of the Court of Directors of the East India Company. My Lords and Gentlemen,
Of the different lacs, or as it ought to be termed, condition of the resin, as they are all from the same source, seed lac and garnet lac, in proportion with other resins, will be found to have considerable colouring matter and requiring very little in addition.
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