as soon as it meets, will be
put down under the Act.

_October 12._

At nine went to Apsley House. Met the Chairs. We went in to the Duke. Our
conversation lasted two hours. As they are to send in a _proces verbal_, it
is unnecessary for me to state it. The substance was that, supposing the
monopoly to be taken away, they would administer the Government of India as
heretofore on one of two conditions; either closing their account with the
public and receiving payment in full, or an equivalent annuity for all
their property in India, in which case they would require no guarantee of
the present dividend; or making over all their property, and taking a
perpetual guarantee of the dividend.

The public to make good in either case all deficiency of Indian revenue,
and in either case the Company to be the agents for the territory,
providing all necessary sums here and receiving repayment at a rate of
exchange to be paid from time to time fairly.

The Chairs were given to understand that the public being liable to the
making good of Indian deficiency, we should require a strict control over
the whole expenditure _here_, as well as in India.

They show, especially Campbell, a disposition to leave off trading and
become gentlemen. They were told by the Duke that if they did so we must be
at liberty to revise our arrangement with them. We might as well go to the
Bank as to them, if we were to treat with a body not commercial.

The Duke seems much pleased with his foreign prospects.

M. de Choiseul was waiting to see him. I suppose on the affair of Holyrood
House.

It seems probable that the French will abolish the punishment of death, and
so save Polignac.

_October 14._

Found at the office several papers giving accounts of Radical meetings in
Lancashire. All the old Radicals are reappearing on the scene. They do not
as yet seem to be attended by any numerous assemblies, never above 200 or
300.

A letter from a clergyman at Wrotham speaks of burnings near that place,
and of the bad conduct of the people who interfere with the working of the
engines, and seem to rejoice in the destruction.

Read all the papers relating to the education of the Princess Victoria, who
seems to have been admirably brought up.

At the Cabinet room read a long and excellent letter of Hardinge's
respecting the state of Ireland.

The 87th Regiment at Newry, when paraded for church, refused to march
without music, to which it had been