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Burke, Edmund, 1729-1797

"The Works of the Right Honourable Edmund Burke, Vol. 08 (of 12)"

" The compensation which they
allow in this plan to their masters for their brokerage is, that, if,
after deducting all the charges which they impose, "the amount of the
sales _should be found_ to exceed two shillings and twopence for the
current rupee of the invoice account, it shall be taken by the Company."
For the management of this concern in Bengal they choose commissioners
by their own authority. By the same authority they form them into a
body, they put them under rules and regulations, and they empower them
also to make regulations of their own. They remit, by the like
authority, the duties to which all private trade is subject; and they
charge the whole concern with seven per cent, to be paid from the net
produce of the sales in England, as a recompense to the commissioners:
for this the commissioners contract to bear all the charges on the goods
to the time of shipping.
The servants having formed this plan of trade, and a new commission for
the conduct of it, on their private account, it is a matter of
consideration to know who the commissioners are.


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