[12] Nabob’s letter to Governor Palk. Papers published by the Directors in 1775; and papers printed by the same authority, 1781.
[13] See papers printed by order of a General Court in 1780, pp. 222 and 224; as also Nabob’s letter to Governor Dupre, 19th July, 1771: “I have taken up loans by which I have suffered a loss of upwards of a crore of pagodas [four millions sterling] by interest on an heavy interest.” Letter 15th January, 1772: “Notwithstanding I have taken much trouble, and have made many payments to my creditors, yet the load of my debt, which became so great by interest and compound interest, is not cleared.”
[14] The Nabob of Arcot.
[15] Appendix, No. 3.
[16] See Mr. Dundas’s 1st, 2d, and 3d Reports.
[17] See further Consultations, 3d February, 1778.
[18] Mr. Dundas’s 1st Report, pp. 26, 29, and Appendix, No. 2, 10, 18, for the mutinous state and desertion of the Nabob’s troops for want of pay. See also Report IV. of the same committee.
[19] Memorial from the creditors to the Governor and Council, 22d January, 1770.
[20] In the year 1778, Mr. James Call, one of the proprietors of this specific debt, was actually mayor. (Appendix to 2d Report of Mr. Dundas’s committee, No. 65.) The only proof which appeared on the inquiry instituted in the General Court of 1781 was an affidavit of the lenders themselves, deposing (what nobody ever denied) that they had engaged and agreed to pay—not that they had paid—the sum of 160,000_l._ This was two years after the transaction; and the affidavit is made before George Proctor, mayor, an attorney for certain of the old creditors.—Proceedings of the President and Council of Fort St. George, 22d February, 1779.
[21] Right Honorable Henry Dundas.
[22] Appendix to the 4th Report of Mr. Dundas’s committee, No 15.
[23] “No sense of the common danger, in case of a war, can prevail on him [the Nabob of Arcot] to furnish the Company with what is absolutely necessary to assemble an army, though it is beyond a doubt that money to a large amount is now hoarded up in his coffers at Chepauk; and tunkaws are granted to individuals, upon some of his most valuable countries, for payment of part of those debts which he has contracted, and which certainly will not bear inspection, as neither debtor nor creditors have ever had the confidence to submit the accounts to our examination, though they expressed a wish to consolidate the debts under the auspices of this government, agreeably to a plan they had formed.”—Madras Consultations, 20th July, 1778. Mr. Dundas’s Appendix to 2nd Report, 143. See also last Appendix to ditto Report, No. 376, B.
[24] Transcriber’s note: Footnote missing in original text.
[25] Lord Pigot