DEBATES ON INDIA, ETC.
In consequence of the commutation tax, and the preventive measures taken against smuggling, the sale of tea at the East India-house had by this time increased nearly threefold. This enlarged trade, connected with other circumstances, induced the company to apply to parliament for an act, empowering them to make an addition to their funds. A petition to this effect was presented on the 25th of May, and Pitt proposed and carried a bill, which enabled the company to add £800,000 to their stock, and also to sell a surplus of £36,000 a year, received from the exchequer, over and above the annuities which they paid to their creditors, which would produce a sum equal to that which they were empowered to add to their stock. Previous to this, in consequence of intelligence from India, Pitt felt called upon to adopt some plan for amending the act of 1784. A bill was brought in for this purpose by Mr. Dundas, which bill conferred on the governor-general a privilege of acting in cases of importance, without the consent of the other members of the council; enabled the directors to unite the offices of commander-in-chief and governor-general in the same person; rendered not only the present, but the farmer servants of the company, whether resident in India or not, capable of being appointed to seats in the respective councils; empowered the governors of presidencies to nominate temporary successors to members of council who might die or vacate their office; altered a clause in the former bill, which compelled the company’s servants to rise by gradation; repealed another, which required from them a disclosure of their property, on oath; and made several changes in the court of judicature and mode of trial for crimes and misdemeanors in India. This bill was strongly opposed by Fox and Burke, with other members of opposition; but, after several debates and divisions, it passed both houses, and received the royal assent.
The only other business of importance brought under notice during this session, was the impeachment of Warren Hastings. This will be noticed in the following section, where we propose to take a retrospective view of the progress of the English arms, and our policy in that part of the world. After much discussion on this subject which was left undecided, on the 11th of July parliament was prorogued.
GEORGE III. 1786-1787