ABSTRACT
WHEN the East India Company's Charter was renewed in 1833, it was provided that the Company should thenceforth “ discontinue and abstain from all commercial business,” and should stand forth only as administrators and rulers of India. The beneficial results of this provision became manifest before many years had elapsed. The Company felt a greater interest in the trades and manufacturers of India when they were no longer rival traders. And on February 11, 1840, they presented a petition to Parliament for the removal of invidious duties which discouraged and repressed Indian industries.
