Author, U: Englishman's Letters Relative to the Trade Betwee

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Author, U: Englishman's Letters Relative to the Trade Betwee

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Excerpt from The Englishman's Letters Relative to the Trade Between Great Britain and the East-Indies: In Which the Exclusive Rights of the East-India Company, and the Rights of the Private Merchants, Under the Act of 1793, Are Discussed

It is much to their credit to aver,' that it has never be exerted but on important occasions, and always w. Great benefit to their affairs. If the doetrine of con dence, which has been of late strenuously supporti had been adopted in the case of shipping, we shor have had a hundred and fifty thousand pounds a yr more at least to pay for freight than we have at pl sent if it had been adopted in the case of recruits, should have had to pay for the establishment 01 depot in the Isle of Wight, of many thousand pour a year; if it had been implicitly adopted in the case increasing our capital, we should have had two millic added to our stock, for no other purpose than to ple; the Directors, who wanted to please the Minister; 2 the same influence, if it had not been wisely check< would have induced this Company, in the year 175 to have volunteered an advance of two millions to C vernment, without interest, for the whole term of 1 Charter and which we now find we have so much 1 casion for in the course of our own affairs.

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