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Burke, Edmund, 1729-1797

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


By this extraordinary scheme the Company is totally overturned, and all
its relations inverted. From being a body concerned in trade on their
own account, and employing their servants as factors, the servants have
at one stroke taken the whole trade into their own hands, on their own
capital of 800,000_l._, at their own risk, and the Company are become
agents and factors to them, to sell by commission _their_ goods for
_their_ profit.
To enable your Committee to form some judgment upon the profit which may
accrue to the Company from its new relation and employment, they
directed that an estimate should be made of the probable proceeds of an
investment conducted on the principles of that intended to be realized
for 1783. By this estimate, which is subjoined,[5] it appears to your
Committee, that, so far from any surplus profit from this transaction,
the Bengal adventurers themselves, instead of realizing 2_s._ 2_d._ the
rupee, (the standard they fix for their payment,) will not receive the
1_s.


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