HIST 200 Chapter Notes - Chapter 6: Dwarkanath Tagore, Chartered Company, Kanara

• School: Queen's University
• Department: History
• Course: HIST 200
• Professor: Aditi Sen-Chowdhury

Document Summary

You will need to know what chartered companies are, and how the european governments empowered these companies. The royal charter under which the company operated had stated that the crown claimed all territories which might be conquered by that company, but parliament saw to it that this clause remained inoperative. The company"s factories, stated the author, should be taken over by the. British government and financed by means of customs duties. the company was supposed to act as a buffer, which would shield the british political system from being directly affected by the course of events in india. In this way he hoped to get optimal results with a minimum of administrative effort. Exports from bengal should consist only of manufactures and not of precious metals. Revenues should be assessed with a view to the needs of good government rather than on the principle of squeezing everybody as much as possible.