was wisely instituted by Lord Macartney, to remove from himself the
suspicion of all improper management in so invidious a trust; and it
seems to have been well chosen. This committee has made a comparative
estimate of the only six districts which were in a condition to be let
to farm. In one set of columns they state the gross and net produce of
the districts as let by the Nabob. To that statement they oppose the
terms on which the same districts were rented for five years under
their authority. Under the Nabob, the gross farm was so high as
570,000_l._ sterling. What was the clear produce? Why, no more than
about 250,000_l._; and this was the whole profit of the Nabob's
treasury, under his own management of all the districts which were in a
condition to be let to farm on the 27th of May, 1782. Lord Macartney's
leases stipulated a gross produce of no more than about 530,000_l._; but
then the estimated net amount was nearly double the Nabob's. It,
however, did not then exceed 480,000_l._; and Lord Macartney's
commissioners take credit for an annual revenue amounting to this clear
sum. Here is no speculation; here is no inaccurate account clandestinely
obtained from those who might wish, and were enabled, to deceive. It is
the authorized, recorded state of a real, recent transaction. Here is
not twelve hundred thousand pound,--not eight hundred. The whole revenue
of the Carnatic yielded no more, in May, 1782, than four hundred and
eighty thousand pounds: nearly the very precise sum which your minister,
who is so careful of the public security, has carried from all
descriptions of establishment to form a fund for the private emolument
of his creatures.

In this estimate, we see, as I have just observed, the Nabob's farms
rated so high as 570,000_l._ Hitherto all is well: but follow on to the
effective net revenue; there the illusion vanishes; and you will not
find nearly so much as half the produce. It is with reason, therefore,