more than one per cent in one year. This increase of dividend, therefore, when it had risen to its utmost height, could augment their annual payments to their proprietors and government together but by six hundred and eight thousand pounds beyond what they had been before their late territorial acquisitions. What the gross revenue of those territorial acquisitions was supposed to amount to has already been mentioned; and by an account brought by the Cruttenden East Indiaman in 1768, the net revenue, clear of all deductions and military charges, was stated at two millions forty-eight thousand seven hundred and forty-seven pounds. They were said at the same time to possess another revenue, arising partly from lands, but chiefly from the customs established at their different settlements, amounting to four hundred and thirty-nine thousand pounds. The profits of their trade, too, according to the evidence of their chairman before the House of Commons, amounted at this time to at least four hundred thousand pounds a year; according to that of their accountant, to at least five hundred thousand; according to the lowest account, at least equal to the highest dividend that was to be paid to their proprietors. So great a revenue might certainly have afforded an augmentation of six hundred and eight thousand pounds in their annual payments; and at the same time have left a large sinking fund sufficient for the speedy reduction of their debts. In 1773, however, their debts, instead of being reduced, were augmented by an arrear to the treasury in the payment of the four hundred thousand pounds, by another to the custom house for duties unpaid, by a large debt to the bank for money borrowed, and by a fourth for bills drawn upon them from India, and wantonly accepted, to the amount of upward of
