"We shall depend upon your prudence," say they, "to discourage
foreigners; and being intent, as you have been repeatedly acquainted, on
bringing home as great a part of the revenues as possible in your
manufactures, the outbidding them in those parts where they interfere
with you would certainly prove an effectual step for answering that end.
We therefore recommend it to you to offer such increase of price as you
shall deem may be consistently given,--that, by beating them out of the
market, the quantities by you to be provided may be proportionally
enlarged; and if you take this method, it is to be so cautiously
practised as not to enhance the prices in the places immediately under
your control. On this subject we must not omit the approval of your
prohibiting the weavers of Cuddalore from making up any cloth of the
same sortments that are provided for us; and if such prohibition is not
now, it should by all means be in future, _made general, and strictly
maintained_."
This system must have an immediate tendency towards disordering the
trade of India, and must finally end in great detriment to the Company
itself.
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