But it rapidly became clear that the drain of wealth was real. It soon became common ‘to see every year five or six Englishmen, or even more, who repair to their homes with large fortunes. Lakhs upon lakhs have therefore been drained from this country.’98 This, he wrote, was quite different from the system of the Mughals, who though also initially outsiders, determined ‘to settle forever [in India] and to fix the foot of permanency and residency in this country, with a mind of turning their conquest into a patrimony for themselves, and of making it their property and inheritance’: These bent
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