private creditors, of whose demands there are only about a sixth
part which do not stand in a predicament that you declare would not
entitle them to any aid or protection from us in the recovery thereof,
were it not upon grounds of expediency, as will more particularly appear
by the annexed estimate. Until our debt shall be discharged, we can by
no means consent to give up any part of the seven lacs to the private
creditors; and we humbly apprehend that in this declaration we do not
exceed the limits of the authority and rights vested in us.

* * * * *

THE RIGHT HONORABLE THE COMMISSIONERS FOR THE AFFAIRS OF INDIA.

_The Representation of the Court of Directors of the East India
Company_.

My Lords and Gentlemen,--

The Court, having duly attended to your reasonings and decisions on the
subjects of Arnee and Hanamantagoody, beg leave to observe, with due
deference to your judgment, that the directions we had given in these
paragraphs which did not obtain your approbation still appear to us to
have been consistent with justice, and agreeable to the late act of
Parliament, which pointed out to us, as we apprehended, the treaty of
1762 as our guide.

Signed by order of the said Court,

THO. MORTON, _Sec_.

EAST INDIA HOUSE, the 3rd November, 1784.

* * * * *

_Extract of a Letter from the Commissioners for the Affairs of India, to
the Court of Directors, dated 3rd November, 1784, in Answer to their
Remonstrance_.

SIXTH ARTICLE.

We think it proper, considering the particular nature of the subject, to
state to you the following remarks on that part of your representation
which relates to the plan for the discharging of the Nabob's debts.

1st. You compute the revenue which the Carnatic may be expected to
produce only at twenty lacs of pagodas. If we concurred with you in this
opinion, we should certainly feel our hopes of advantage to all the
parties from this arrangement considerably diminished. But we trust that
we are not too sanguine on this head, when we place the greatest
reliance on the estimate transmitted to you by your President of Fort
St. George, having there the best means of information upon the fact,
and stating it with a particular view to the subject matter of these
paragraphs. Some allowance, we are sensible, must be made for the
difference of collection in the Nabob's hands, but, we trust, not such
as to reduce the