This was to be provided for at all
events.
By that vast demand on the territorial fund, the correctives and
qualifications which might have been gradually applied to the abuses in
Indian commerce and government were rendered extremely difficult.
[Sidenote: Progress of investments.]
The practice of an investment from the revenue began in the year 1766,
before arrangements were made for securing and appropriating an assured
fund for that purpose in the treasury, and for diffusing it from thence
upon the manufactures of the country in a just proportion and in the
proper season. There was, indeed, for a short time, a surplus of cash in
the treasury. It was in some shape to be sent home to its owners. To
send it out in silver was subject to two manifest inconveniences. First,
the country would be exhausted of its circulating medium. A scarcity of
coin was already felt in Bengal. Cossim Ali Khan, (the Nabob whom the
Company's servants had lately set up, and newly expelled,) during the
short period of his power, had exhausted the country by every mode of
extortion; in his flight he carried off an immense treasure, which has
been variously computed, but by none at less than three millions
sterling.
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