If the trade were confined to Bengal, and the Company were to trade on those terms upon a capital borrowed at eight per cent Indian interest, their revenues in that province would be soon so overpowered with debt, that those revenues, instead of supporting the trade, would be totally destroyed by it.
Edmund Burke: “If the trade were confined to Bengal, and the Company were to trade on those terms upon a capital borrowed at eight per…”
Editor's note · Context
Burke warns that high-interest borrowing could lead to financial ruin for the Company in Bengal.
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