The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12) eBook

This eBook from the Gutenberg Project consists of approximately 571 pages of information about The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12).

The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12) eBook

This eBook from the Gutenberg Project consists of approximately 571 pages of information about The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12).

Being asked, Whether he was not authorized and required by the Presidency at Madras to demand a large sum of money over and above the four lacs of pagodas that were to be annually paid by a grant of the Rajah, made in the time of Lord Pigot? he said, He was:  to the amount, he believes, of four lacs of pagodas, commonly known by the name of deposit-money.—­Being asked, Whether the Rajah did not frequently plead his inability to pay that money? he said, He did every time he mentioned it, and complained loudly of the demand.—­Being asked, Whether he thinks those complaints were well founded? he says, He thinks the Rajah of Tanjore was not only not in a state of ability to pay the deposit-money, but that the annual payment of four lacs of pagodas was more than his revenues could afford.—­Being asked, Whether he was not frequently obliged to borrow money, in order to pay the instalments of the annual payments, and such parts as he paid of the deposit? he said, Yes, he was.—­Being asked, Where he borrowed the money? he said, He believes principally from soucars or native bankers, and some at Madras, as he told him.—­Being asked, Whether he told him that his credit was very good, and that he borrowed upon moderate interest? he said, That he told him he found great difficulties in raising money, and was obliged to borrow at a most exorbitant interest, even some of it at forty-eight per cent, and he believes not a great deal under it. He desired him (the witness) to speak to one of the soucars or bankers at Tanjore to accommodate him with a loan of money:  that man showed him an account between him and the Rajah, from which it appeared that he charged forty-eight per cent, besides compound interest.—­Being asked, Whether the sums duo were large? he said, Yes, they were considerable; though he does not recollect the amount.—­Being asked, Whether the banker lent the money? he said, He would not, unless the witness could procure him payment of his old arrears.

Being asked, What notice did the government of Madras take of the king of Tanjore’s representations of the state of his affairs, and his inability to pay? he said, He does not recollect, that, in their correspondence with him, there was any reasoning upon the subject; and in his correspondence with Sir Thomas Rumbold, upon the amount of the jaghire, he seemed very desirous of adapting the demand of government to the Rajah’s circumstances; but, whilst he stayed at Tanjore, the Rajah was not exonerated from any part of his burdens.—­Being asked, Whether they ever desired the Rajah to make up a statement of his accounts, disbursements, debts, and payments to the Company, in order to ascertain whether the country was able to pay the increasing demands upon it? he said, Through him he is certain they never did.—­Being then asked, If he ever heard whether they did through any one else? he said, He never did.

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The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12) from Project Gutenberg. Public domain.