ABSTRACT
An Act was passed in 1813 which directed a separation of the East India Company's Territorial Accounts from Commercial Accounts. It was directed that the Territorial Revenues should be applied (1) to Military Expenditure; (2) to Civil and Commercial Establishments; and (3) to the payment of Interest on the Indian Debt. And the Commercial Profits were to be applied (1) to the payment of Bills of Exchange and the current payment of other debts; (2) to the payment of Dividends; and (3) to the reduction of the Indian Debt or Home Bond debt. 1
