They turn out to be the
three senior servants of the Company's Board of Trade, who choose to
take upon them to be the factors of others for large emoluments, whilst
they receive salaries of two thousand pounds and fifteen hundred pounds
a year from the Company. As the Company have no other fund than the new
investment from whence they are to be paid for the care of their
servants' property, this commission and those salaries being to take
place of their brokerage, they in effect render it very difficult, if
not impossible, for them to derive advantage from their new occupation.
As to the benefit of this _plan_: besides preventing the loss which must
happen from the Company's ships returning empty to Europe, and the
stopping of all trade between India and England, the authors of it
state, that it will "_open a new channel_ of remittance, and abolish the
practice, by precluding the necessity, of remitting _private fortunes_
by _foreign bottoms_, and that it may lead to some _permanent mode_ for
remittance of private fortunes, and of combining it with the regular
provision of the Company's investment,--that it will yield _some_ profit
to the Company without risk, and the national gain will be the same as
upon the regular trade.
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