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FINANCIAL CONDITION OF THE COMPANY
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extended, with many mistakes and some mishaps, but in the end with remarkable success, throughout the whole of India.

It was the astonishing acquisition of so rich a province as Bengal, and the discreditable sight of a few commercial agents handling the wealth of a kingdom, that roused the attention of the British Parliament and enforced the necessity of looking into the condition of affairs in India. In 1765, Lord Clive had estimated the whole gross revenue of Bengal, from all sources, at four millions sterling, and the net income of the Company, after payment of all expenses, at £1,650,000. Having become the possessors of so magnificent a property, the Court of Directors were raising their dividend; their stock went up to 267; their shareholders divided 12½ per cent. in 1767; and their servants brought home large fortunes to be employed in buying country-seats and parliamentary boroughs. Alderman Beckford expressed in the House of Commons his hope that the rich acquisitions of the Company in the East would be made a means of relieving the people of England from some of their burdens. Nor was the British government backward in acting upon the hint, since the system of granting renewals of the Company's charter for short periods afforded excellent opportunities of making fresh terms in proportion to the market price of the concession.

In 1766, upon an intimation from the Prime Minister that the affairs of the East India Company would probably occupy the attention of Parliament during the