The Chancellorof the Exchequer, after adverting to the act of the 33d of the King, which required, that soon after the 1st of March 1811, notice-should be given of the expiration of the East India Company's Charter in three years, and of the payment' of the sums due from the public; and after observing that the original sum of 1, 200,000l. was reduced to 1,207,500l. by payments in the same session, moved, "That notice be given that the sum of 1,207,559l. 15s. and all arrears of annuity 712 payable in respect thereof, being the remainder of the capital stock debt or sum due from the public to the united company of merchants of England trading to the East Ladies, will be redeemed and paid off on the 10th day of April 1814, agreeable to the power of redemption contained in the last mentioned act."
§ Mr. Creeveyobserved, that Mr. Pitt, in the year 1791, gave notice to the East India Company, that their charter would expire in three years; but that no renewal of the charter took place until 1793. He hoped that as long a time would be allowed to elapse in the present instance before Parliament would be called upon to consider the expediency of a renewal of the charter.
Mr. Dundaswould not consent to pledge government to any such engagement as that described by the horn gentleman.
§ The motion was then agreed to; as was also the following: "That the Speaker do, on the 10th instant, signify the same in writing to the Directors of the East India Company."