The interest to be paid for this security, according to the most moderate strain of soucar demand, comes to 118,000_l._ a year, which, added to the 480,000_l._ on which it is to accrue, will make the whole charge amount to 598,000_l._ a year,—­as much as even a long peace will enable those revenues to produce.  Can any one reflect for a moment on all those claims of debt, which the minister exhausts himself in contrivances to augment with new usuries, without lifting up his hands and eyes in astonishment at the impudence both of the claim and of the adjudication?  Services of some kind or other these servants of the Company must have done, so great and eminent that the Chancellor of the Exchequer cannot think that all they have brought home is half enough.  He hallooes after them, “Gentlemen, you have forgot a large packet behind you, in your hurry; you have not sufficiently recovered yourselves; you ought to have, and you shall have, interest upon interest upon a prohibited debt that is made up of interest upon interest.  Even this is too little.  I have thought of another character for you, by which you may add something to your gains:  you shall be security to yourselves; and hence will arise a new usury, which shall efface the memory of all the usuries suggested to you by your own dull inventions.”

I have done with the arrangement relative to the Carnatic.  After this it is to little purpose to observe on what the ministers have done to Tanjore.  Your ministers have not observed even form and ceremony in their outrageous and insulting robbery of that country, whose only crime has been its early and constant adherence to the power of this, and the suffering of an uniform pillage in consequence of it.  The debt of the Company from the Rajah of Tanjore is just of the same stuff with that of the Nabob of Arcot.

The subsidy from Tanjore, on the arrear of which this pretended debt (if any there be) has accrued to the Company, is not, like that paid by the Nabob of Arcot, a compensation for vast countries obtained, augmented, and preserved for him; not the price of pillaged treasuries, ransacked houses, and plundered territories:  it is a large grant, from a small kingdom not obtained by our arms; robbed, not protected, by our power; a grant for which no equivalent was ever given, or pretended to be given.  The right honorable gentleman, however, bears witness in his reports to the punctuality of the payments of this grant of bounty, or, if you please, of fear.  It amounts to one hundred and sixty thousand pounds sterling net annual subsidy.  He bears witness to a further grant of a town and port, with an annexed district of thirty thousand pound a year, surrendered to the Company since the first donation.  He has not borne witness, but the fact is, (he will not deny it,) that in the midst of war, and during the ruin and desolation of a considerable part of his territories, this prince made many very large payments.  Notwithstanding these merits and services, the first regulation of ministry is to force from him a territory of an extent which they have not yet thought proper to ascertain,[53] for a military peace establishment the particulars of which they have not yet been pleased to settle.