Mr. C. Grantsaid, the East India Charter naturally terminated in 1834; but it was necessary, according to the Charter, that notice should be given. This he proposed as a matter of course. The public owed a debt to the Company of 1,200,000l. in the three per cents; and this must be paid off at the expiration of the Charter. In bringing forward this subject he had no intention of committing the House, but wished the question of the Renewal of the Charter to remain open. He proposed, therefore, to refer to the 47th and 53rd of Geo. 3rd, by which it was necessary that the debt and the arrears should be paid on the 22nd of April, 1834, and that the Speaker should intimate the same in the usual form to the East-India Company. The right hon. Gentleman accordingly 1470 moved the following Resolutions, "That notice be given that the sum of 1,207,559l. 15s. and all arrears of annuity 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 Indies, will be redeemed and paid off on the 22nd day of April, 1834, agreeable to the power of redemption contained in the last-mentioned Act."
§ The Resolution agreed to. And it was ordered that Mr. Speaker do, on the 22nd day of April, 1831, signify, by writing, to the United Company of Merchants of England trading to the East Indies, the said Resolution of this House.