There is also one other Circumstance to which I think the Attention of your Lordships should be directed in considering India and the various Duties charged upon its Produce; it is, that this Company has, in various Ways, encouraged and assisted by our great manufacturing Ingenuity and Skill, succeeded in converting India from a manufacturing Country into a Country exporting Raw Produce, and therefore more peculiarly is this Country called upon by every Means to facilitate the Introduction of the Raw Produce of India. The peculiar extracting from the late Three Millions or Money tor the Home Charges of the East India Company, and the altered State of Indian Industry, in its being converted from a manufacturing Country into a Country exporting Raw Produce, are Circumstances which, in my Opinion, ought to influence the Legislature to afford every possible Protection to its Agricultural Produce (Report from the Select Committee of the House of Lords Appointed to Consider of the Petition of the East India Company for Relief 24).
Report from the Select Committee of the House of Lords Appointed to Consider of the Petition of the East India Company for Relief. “Minutes of Evidence To The Petition of the East India Company for Relief.“ House of Lords, 1840, pp. 3-160.