ABSTRACT

LORD CANNING undertook a great reform in the Indian Tariff. In February 1857, a year after his arrival in India, he addressed the Court of Directors on the subject. He proposed to equalise the duties on British and foreign merchandise, on raw and manufactured articles. He desired to exempt from duty a large number of articles which produced little revenue. He wished to abolish export duties, and to augment import duties. The proposals remained in abeyance during the Mutiny of 1857; and, in 1858, the East India Company ceased to rule.