Speeches on Questions of Public Policy, Volume 1 by John Bright
page 38 of 536 (07%)
page 38 of 536 (07%)
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they give to the Roman Catholic bishop a paltry sum of about
250_l_. a-year. The East India Company are not, perhaps, herein so much to blame, seeing that they do but follow the example of what is going on in this country. There is another question--perhaps the most important of all--the question of Indian finance, which, somehow or other, the right hon. Baronet has got over in so very lame a manner, in so particularly confused a style, that had I not known something of the matter previously, I should have learnt very little from the right hon. Baronet's statement. A former Director of the East India Company has, on this subject, issued a book--of course, in defence of the Company. Here are two or three facts extracted from this book:--From 1835 to 1851-- sixteen years--the entire net taxation of India has produced 340,756,000_l_.; the expenditure on the Government in the same period having been 341,676,000_l_.--an amount somewhat in excess of the revenue. During these sixteen years there has been also expended on public works of all kinds 5,000,000_l_., and there has been paid, in dividends, to the proprietors of East India stock, 10,080,000_l_.; making a total expenditure of 356,756,000_l_. In the same period the Company has contracted loans to the extent of 16,000,000_l_.; every farthing of which has gone to improvements, the stated extent of which I believe to have been greatly magnified, and to pay the amiable ladies and gentlemen whose votes return to Leadenhall-street those immaculate Directors whom the Government seems so desirous of cherishing. All expenditure for improvements of every kind, and all dividends to stockholders, have been paid from loans contracted during the last sixteen years; so that the whole revenue has been expended, leaving nothing for improvements and nothing for the Company's dividends. This seems to me a formidable, an alarming state of |
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