From now on, the land revenues of those portions of India under the Company corporate control were to be conceived simply as gross profits for the EIC which would, as Clive wrote, ‘defray all the expenses of the investment [the goods bought for export to London], furnish the whole of the China treasure [the money used to buy tea from China] and answer all the demands of all your other settlements in India, and still leave a considerable balance in your treasury besides’.
