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Congress Select Committee on the Financial Obligations Between Great Britain and India. Report

1931

(b) The transactions of the British Government of India since the trapsftr of tit Government of India from the Cotnpany to the Crown form the next blocli of iteons resulting in financial burdens on India. [...] (e) All the debts the Company may incur on account of the Government of the territory after that date Section 12 provides for redemption by Parliament of the Capital Stock of the Company at any time after the 30th of April 1874 on payment to the Company of two hundred pounds sterling for every one hundred pounds of the said Capital Stock. [...] Confusion in Accounts.—Among the difficulties which render impracticable any useful analysis of the general financial transactions during the Company's regime in India at the end of which the above-mentioned public debts existed the most considerable is the one caused by the mixing up of the accounts of their commerical and territorial branches. [...] at was in fact a purelyBritish war but notwithstagding this and in defiance of a solemn expression of unanimous opinion on the part of the Court of Directors and of a resolution of the Court of Proprietors of the East India Company that fhe whole cost of the war should not be thrown upon the Indian finances the ministry required this to done. [...] The Secretary of State for Intlia ip a letter dated 8th August 1872 in reply to the letter of the War Office of 14th April 1872 says:— The extraordinary case of the great mutiny of 1857-58 is the only which gives even plausibility to the war office representations; in that case altogether unprecedented in this history of British India the Imperial Government was compelled under the imminent r
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Segment Pages Author Actions
Frontmatter
i-viii unknown view
Part I
1-4 unknown view
Part II Under the East India Company’s Rule
5-17 unknown view
Part III Under the British Crown : “Unproductive” Debt
17-46 unknown view
Part IV Under the British Crown : “Productive” Debts
46-59 unknown view
Part V
60-63 unknown view
Notes
64-70 unknown view
Appendix
i-x unknown view
Index
i-ii unknown view