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rather the fraction of a battle, for fair trial of strength. The two at. three-fourths of the battle was in mies seemed to be, as it were, refavour of the Austrians, What tired from the world. They were would they have said, if, when mat- both left without any other resource ters were so nearly balanced, we than what they could draw from their had suffered 15.000, or more, of the own courage and discipline. They best troops of France, to have been had no allies to Ohare the merit of thrown into the scale against them? victory, or bear the disgrace of deIt had been stated, that the French feat : their motto seemed to be, would have been landing in France, “ Fæ vidli,” and all they asked, not in Italy. But that would have was a clear stage, and no favour. made a difference of only three Who were those that we had conweeks; they certainly would have quered ? vot Greeks or Copts, not been marched into Italy. By ad- Batavians or Cisalpines, but the hering to the convention of El. tried, the chosen, the hest troops of Arith, after intelligence had been France. If the French Mould, inreceived, that it had fanctioned deed, nvade us, would our atby fir Sydney Smith, we had thewn chievements in Egypt have no efthe world that we preferred a strict fect, in inspiring the people of adherence to our public faith, to England with confidence, and throwany advantages, however great, ing a damp upon the enemy? “This which we might have gained by a was, indeed, a great and animating violation of it. Mr. Wivdham pro- subject, and it was treated, by Mr. ceeded to estimate the mighty ad- Windham, with suitable eluquence., vantages that we had gained by Alier a variety of oiher confiderathe series of engagements, particu- tions, in the same epic, but not inJarly that of March 21, near Alex. fiated, style, with the passage, just andria, in point of reputation. quoted, tending to do justice to the “ Notwithstanding the courage and military character of the country, bravery formerly displayed by the he said, “ that this was a subject British troops, in the expedition to upon which our children, and grandHolland, in operations both offen- children, would dwell with pride. five and defensive, yet the circum- They would talk of Egypt, and of Rances of the war, did certainly Abercromby, with as nucli exulta-, , throw a kind of Made over our tion as Englisbnen had been acarmy. The glory of our navy was customed, till these degenerate days, fo great, that every other service to speak of Crelly and of Aginwas overlooked. All our attention court." With relpect to the quel was engaged on one fide, and we lion now before the house, he felt were, as it were, lame of one leg. no anxiety. Every argument that It was under these circumstances had been repeatedly advanced, had that the events in Egypt occurred. been repeatedly answered; and, Whole wars miglit pals over with therefore, he should not trespass out affording an opportunity of any longer on the attention of the fairly measuring our firength with house. Mr. Windham was followthe enemy. But in Egypt the very ed, on the same lide, by Mr. Pitt, scene seemed to be chosen for a Mr Ellison, and fir Geirge Dallas,
[191 Mr. Jones's motion, on the other warehouses, for fhipping, for forts, hand, was supported by Mr. Grey, and above all to territorial revenues, and Mr. Roblon. It was nega- which would amount to many milLived by 133 voices against 22.
lions sterling: It now only remains, on the sub- That the dead stock and territoject of parliamentary proceedings, rial revenue of the company, in that we give a fummary account of India, were very much enlarged, what has been tacked, for several Mr. Husley was very ready to allow. years back, as a kind of postscript But he would say this, and it was to the affairs of the Britih parlia: his duty to the public to say it, that ment: Mr. Dundas's budget, or if the company were to break up to statement of the affairs of India.- morrow, and to convert all they had According to Mr. Dundas's state into cas, both in India and Europe, ment of accounts, 23d of July, 1800, and then to make a dividend to the the fituation of the company, not- first adventurer, instead of having withstanding a heavy and expensive enough to pay, he believed there war in India, was now better by would be many millions deficient. 969,0001. than had been predict. He spoke on a comparison of twenty ed hy the estimate of last budget, years on their liome account, and brought forward on the 28th of their own account of affairs : from March: from which it had appeared which it appears there were fix that the nelt improvement in the millions minus. A long string of re. company's affairs, 6nce the budget folutions, however, was agreed to of 1799, was 4,103,5271. And as for how could the propositions they peace was restored in that quarter, contained be reluted) tending to he had no doubt but India would shew that the company's affairs were experience a long and increasing in the highest degree prosperous. prosperity. From a general state- Such was the view, exhibited by ment of the company's affairs, he Mr. Dundas, of our India concerns represented that they were bettered in 1800. in the 13 years, froni 1745 to 1799, IIouse of commons, June 12, in the amount of 11,882,0001. But 1501.-The house hwing resolved Mr. Halley infilled, that it fignified itself into a committee on the afairs nothing what he or any bouly elfe of India, Mr. Dundas rofe and spoke faic of the affairs of the company: at great length of the British affairs for they had stated these affairs in India, particularly as they were themselves. And from their state- connected with finance, and of his ment, it appeared, that, on the af- own conduct during the 17 years fairs al home, the company, com- that he had been at the head of the paring the statement now, with the board of con. fol, and exhibited
pare, statement 20 years ago, were, in- ticular, and general views of the re, fiead of being better, lix millions venues and charges of our different worfe.
India establishments for, 1800, and Mr. Dundas faid, ihat this was the expectations that were realunia making no allowance at all for the ably to be formed. increale of the wealth of the com- The result of the whole was, that pany in dead stock in India : for the company's concerns, in the
course of the year of account-now of the revenues Thould; at the come before the committee, 1800-1801; mencement of the execution of the had improved to the amount of plan, be applicable to the purpose 90,-4651.
of investments. To enter more particularly into Secondly, That the invesments the India budget, could not afford from India and China should ad matter either of amusement or useful mount, at printe cott, to four mil information to the generality of our lions annually, in equal propop readers. Nor would gentlenen, tions. who are interested in those state- Thirdly, That during the first ments, thank us for a fuller account; four years from that time, the comunless indeed we were to sacrifice pany thould avail themselves of the Fifty pages of our space for the admil. power they already hail, under the fion of the whole. We might plead act, for augmenting their capital another excuse: which is, that the stock to the extent of six millions, ftatements of this, as well of the pre- at the rale of half a million annually, ceding, and some other years, have which, it was suppoled, would rebeen fallified in feveral instances, as alize one million ferling. will appear in our next volume, by Fourthly, That the additional fubsequent accounts. It is by no money, so raised, should be applied means intended to insinuate that excluầvely to the liquidation of Mr. Dundas did not fairly exhibit the present Indian debt at interest, his accounts, according to his own either by increasing remittances in belief and the best of his informa- bullion or exports io India, to that tion. If any one wishes for minute amount, or by defraying additional and authentic accounts of all that bills drawn from India for the same relates to Mr. Dundas's administra- purpose. tion of Indian affairs, he will natu- Fifthly, That the extinction of rally have recourse to the journals that debt, now calculated to amount of the boule of commons, or to the to fourteen millions fterling, should annual volumes of parliamentary be carried on, at the rate of one debates.
million annually, till the part of it, But, though we avoid, in a fum- termed the decennial loan hould mary history of Europe, long details become payable, which was expectof debts, invesiments, assets, charges, ed to take place on or about the revenues, surplusses, deficits, ime. year 1807-8 : and that the sum then rests, sales, loans, customs, farms, payable on account of Indian debt, goods sold and unsold, &c. &c. it which was fiated at 3,500,0001. will neither be tedious nor unin- jould be discharged in that year: teresting, to give a view of the on which suppositions, the debts at grand and leading features of Mr. interest abroad, would then be reDundas's plan for the improvement duced 10 4,500,0001.: at which of the British affairs in India; on amount, it might be thought exwhich he built the most fanguine pedient to keep them ftationary. expectations.
The gradual reduction of the debt First, An arrangement abroad, so would add to the furplus of the that a full million from the surplus revenues, by the diminution of the
interest. And, in the year 1808-9, May these predictions be verified the sum of two millions sterling by experience! and not undergo the might be applied to the inveft. too common fate of the great ments. The application of the plans of political economy, foundfarplas, thus increasing from yeared on the most favourable views, to year, would, of course, lessen and the hypothesis of peace, pruthe demand of India on the home dence, and an active zeal for the treasury: so that a balance of costs common good! could not fail of increasing to an immenfe amount.
c H A P, XÍ.
Discusions concerning a free Trade belueen Great Britain and India.- Motion
in the House of Commons, relative to this, ty Sir William Pulteney. - Discussions and Debates thercon, in the India-Ilonfe.- History, or Origin, of the Question.--Difference of Opinion hetu'cen the Ean-India-Honfe and the Board of Control. - Letter from Mr. Dundas to the Court of Directors, containing his Opinion and Advice respecling the Mode of carrying on the Trade between Great Britain and India:-Taken into Confideration by a Committee of the Court of Directors.--Report of that Commitlee.-Confequent Refolutions.--Second Letter to the Court of Directers from Alr. Dundas.---Letter to the Direilors on the Subject of free Trade from the Governor-General of British India, the Marquis of Wellesley.--Taken into Conideration by a Committee of the Court of Direcors. - Report of that Committee.- Motion in the India-House for the Production of printed Papers respecting a free Trade with India.--Debates thereon.-Motion negatived. --Sir William Pulteney's Motion in the House of Commons carried.-Prorogation of Parliament.
N the fame day that Mr. Dun- India-company. There was, how.
das produced his statements, ever, a surplus trade, beyond what respecting the affairs of British In- the company had the means of dia, fir William Pulteney called carrying on, and great benefit would the attention of the house to a sub- result to India, and the manufacject which appeared to him to be tures of this country, if that surplus of the highest importance, as affect. trade were allowed to be imported ing the commercial and maritime into this country in India - built interests of this country. His in- ships. But, before we proceed to tention was, to move for the pro- give an account of what passed on duction of a number of papers re- this subject in the house of comspecting the trade between India mons, it will be proper, as the and Europe, printed by order of queftion of a free trade with India the directors, which he conceived is of vast moment, both commerto be necessary to put the house in cial and political, and likely to poffeffion of certain faćts respecting draw more and more the public the trade between Great Britain attention, to take fome notice of and India. The object he had in the previous discussions respecting view, was not, in any degree, to it in the India-house ; and, first of interfere with the monopoly which all, of the history, or origin, of that parliament had granted to the fait question. The profits arising from