Objections to New Scheme From London and Calcutta
The correspondence notes widespread doubts about the proposed scheme under arbitrary government. Critics cite the old company's debts of 160,000 rimbllasses, a former director now a count with a notorious wartime bankruptcy, and fears of weak security. They point to India’s demand for a ship seized by the old company and sold at Tranquebar, leaving a 300,000 rix dollars debt unresolved.