He has stated to you, that its own agents, in the year 1781, in the arrangement they proposed to make at Calcutta, were satisfied to have twenty-five per cent at once struck off from the capital of a great part of this debt, and prayed to have a provision made for this reduced principal, without any interest at all.
Edmund Burke: “He has stated to you, that its own agents, in the year 1781, in the arrangement they proposed to make at Calcutta, were…”
Editor's note · Context
Burke reveals that agents were willing to significantly reduce a debt, indicating prior acknowledgment of its burden.
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