Considerations Arising Out of the Late Proceedings in Parliament Relative to the

Cover Considerations Arising Out of the Late Proceedings in Parliament Relative to the
Considerations Arising Out of the Late Proceedings in Parliament Relative to the
Thomas Babington Macaulay Macaulay
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0-49d.
"You take the average since 1814? — Since 1814; " the rate would be lower if we took an average for a " smaller period of years.
" Then you are of opinion that the most disadvanta- " geous mode which the Company can adopt for provid- " ing funds for the purchase of teas is by sending British w manufactures ? — I think that must be admitted.
" That being the case, can you explain why the Com- " pany have continued to adopt that mode, that being " so disadvantageous ? — The Committee must
...of course " be aware that the Company have always from policy u been desirous of exporting the produce and manufac- " tures of Great Britain to places to which they have an " exclusive privilege of trading, and I believe I may " say that the Company have felt themselves under " something of a moral obligation to do so. This policy " has at different times been not only sanctioned, but " enjoined in the charters granted to the Company and " in legislative enactments. At the period of the last " renewal of the charter, the trade with India being " then opened, of course the Company ceased to feel it " obligatory upon them then to send British manufac- " tures to India, although they determined not to cease " doing so until it should become absolutely necessary; " but as they had the exclusive privilege of trading to 70 Committee of the Commons.

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