The second account received is the letting of the wasted provinces of the Carnatic.  This I understand is at a growing rent, which may or may not realize what it promises; but if it should answer, it will raise the whole, at some future time, to 1,200,000_l._

You must here remark, Mr. Speaker, that this revenue is the produce of all the Nabob’s dominions.  During the assignment, the Nabob paid nothing, because the Company had all.  Supposing the whole of the lately assigned territory to yield up to the most sanguine expectations of the right honorable gentleman, and suppose 1,200,000_l._ to be annually realized, (of which we actually know of no more than the realizing of six hundred thousand,) out of this you must deduct the subsidy and rent which the Nabob paid before the assignment,—­namely, 340,000_l._ a year.  This reduces back the revenue applicable to the new distribution made by his Majesty’s ministers to about 800,000_l._ Of that sum five eighths are by them surrendered to the debts.  The remaining three are the only fund left for all the purposes so magnificently displayed in the letter of the Board of Control:  that is, for a new-cast peace establishment, a now fund for ordnance and fortifications, and a large allowance for what they call “the splendor of the Durbar.”

You have heard the account of these territories as they stood in 1782.  You have seen the actual receipt since the assignment in 1781, of which I reckon about two years and a quarter productive.  I have stated to you the expectation from the wasted part.  For realizing all this you may value yourselves on the vigor and diligence of a governor and committee that have done so much.  If these hopes from the committee are rational, remember that the committee is no more.  Your ministers, who have formed their fund for these debts on the presumed effect of the committee’s management, have put a complete end to that committee.  Their acts are rescinded; their leases are broken; their renters are dispersed.  Your ministers knew, when they signed the death-warrant of the Carnatic, that the Nabob would not only turn all these unfortunate farmers of revenue out of employment, but that he has denounced his severest vengeance against them, for acting under British authority.  With a knowledge of this disposition, a British Chancellor of the Exchequer and Treasurer of the Navy, incited by no public advantage, impelled by no public necessity, in a strain of the most wanton perfidy which has ever stained the annals of mankind, have delivered over to plunder, imprisonment, exile, and death itself, according to the mercy of such execrable tyrants as Amir-ul-Omrah and Paul Benfield, the unhappy and deluded souls who, untaught by uniform example, were still weak enough to put their trust in English faith.[44] They have gone farther:  they have thought proper to mock and outrage their misery by ordering them protection and compensation.  From what power is