rge, as amended and approved by the Board of
Control._

We have taken into our consideration the several advices and papers
received from India, relative to the assignment of the revenues of the
Carnatic, from the conclusion of the Bengal treaty to the date of your
letter in October, 1783, together with the representations of the Nabob
of the Carnatic upon that subject; and although we might contend that
the agreement should subsist till we are fully reimbursed his Highness's
proportion of the expenses of the war, yet, from a principle of
moderation, and personal attachment to our old ally, his Highness the
Nabob of the Carnatic, for whose dignity and happiness we are ever
solicitous, and to cement more strongly, if possible, that mutual
harmony and confidence which our connection makes so essentially
necessary for our reciprocal safety and welfare, _and for removing from
his mind every idea of secret design on our part to lessen his authority
over the internal government of the Carnatic_, and the collection and
administration of its revenues, we have resolved that the assignment
shall be surrendered; and we do accordingly direct our President, in
whose name the assignment was taken, _without delay_, to surrender the
same to his Highness. But while we have adopted this resolution, we
repose entire confidence in his Highness, that, actuated by the same
motives of liberality, and feelings of old friendship and alliance, he
will cheerfully and instantly accede to such arrangements as are
necessary to be adopted for our common safety, and for preserving the
respect, rights, and interests we enjoy in the Carnatic. The following
are the heads and principles of such an arrangement as we are decisively
of opinion must be adopted for these purposes, viz.

That, for making a provision for discharging the Nabob's just debts to
the Company and individuals, (for the payment of which his Highness has
so frequently expressed the greatest solicitude,) _the Nabob shall give
soucar security for the punctual payment, by instalments_, into the
Company's treasury, of twelve lacs of pagodas per annum, (as voluntarily
proposed by his Highness,) until those debts, with interest, shall be
discharged; and shall also consent that the equitable provision lately
made by the British legislature for the liquidation of those debts, _and
such resolutions and determinations as we shall hereafter make_, under
the authority of that provision for the li