r persons
having a proper interest, or stating reasonable grounds of objection;
and if any complaints are offered, we order that the grounds of all such
be attentively examined by you, and be transmitted to us, together with
the evidence adduced in support of them, for our final decision; and as
we have before directed that the sum of twelve lacs of pagodas, to be
received annually from the Nabob, should be paid into our treasury, it
is our order that the same be distributed according to the following
arrangement.

That the debt be made up in the following manner, viz.

The debt consolidated in 1767 to be made up to the end of the year 1784,
with the current interest at ten per cent.

The Cavalry Loan to be made up to the same period, with the current
interest at twelve per cent.

The debt consolidated in 1777 to be made up to the same period, with the
current interest at twelve per cent, to November, 1781, and from thence
with the current interest at six per cent.

The twelve lacs annually to be received are then to be applied,--

1. To the growing interest on the Cavalry Loan, at twelve per cent.

2. To the growing interest on the debt of 1777, at six per cent.

The remainder to be equally divided: one half to be applied to the
extinction of the Company's debt; the other half to be applied to the
payment of growing interest at 10_l._ per cent, and towards the
discharge of the principal of the debt of 1767.

This arrangement to continue till the principal of the debt 1767 is
discharged.

The application of the twelve lacs is, then, to be,--

1. To the interest of the debt of 1777, as above. The remainder to be
then equally divided,--one half towards the discharge of the current
interest and principal of the Cavalry Loan, and the other half towards
the discharge of the Company's debt.

When the Cavalry Loan shall be thus discharged, there shall then be paid
towards the discharge of the Company's debt seven lacs.

To the growing interest and capital of the 1777 loan, five lacs.

When the Company's debt shall be discharged, the whole is then to be
applied in discharge of the debt 1777.

If the Nabob shall be prevailed upon to apply the arrears and growing
payments of the Tanjore peshcush in further discharge of his debts, over
and above the twelve lacs of pagodas, we direct that the whole of that
payment, when made, shall be applied towards the reduction of the
Company's debt.

We have laid down these