1763. ^ n the 15th of January 1763 Major Carnac, who commandedthe English forces, marched against the prince, Shah Alum, andattacked and beat him. "He pursued the prince very closely forsome days, till the latter found himself so straightened, that heoffered to throw himself upon the protection of the English, whichwas accepted, and on the 8th of February he joined the Englishcamp, and proceeded with them to Patna. The province ofAllahabad, including the district of Corah, estimated at the yearlyrevenue of twenty-two lacks of rupees, was assigned to him inguarantee by the Company and, in addition, to render his establishmentsplendid, the British Governor, in behalf of the Com-;pany, agreed to pay into his Majesty's treasury the annual sumof twenty-six lacks of rupees from the revenues of Bengal." 134Describing a rupee of Shah Alum struck in 1176 (A.D 1762-3),and bearing on one side the inscriptionf ..." struck at Calcutta in the 4th year of the auspicious reign,"1765.2Marsden" says: This rupih was evidently struck at the periodwhen Shah Alum, after the defeat of his army, consented to placehimself under the protection of the English Government, and toreceive an assignment of certain revenues for his support. It isperhaps the earliest that expresses the name of Calcutta, and itsweight accords with the regulated standard. The work is creditableto the new mint."^n 17(55 it was agreed by the articles of a Treaty and Agreementconcluded between the Governor and Council of Fort St.William on the part of the English East <strong>In</strong>dia Company andthe Nabob Nudjum ul Dowla " that the books of the Circar shallalways be kept, and the business conducted at Moorshedabad, andthat shall as heretofore be the seat of my government, and whereverI (Nabob Nudjum ul Dowla) am, I consent that an Englishgentleman shall reside with me to transact all affairs between meand the Company, and that a person of high rank shall also resideon my part at Calcutta to negotiate with the Governor andCouncil." I will cause the rupees, coined in Calcutta, to pass in everyrespect equal to the Siccas 3 of Moorshedabad, without any deductionof Batta ;and whosoever shall demand Batta shall bepunished. The annual loss on coinage, by the fall of Batta, onthe issuing of the new Siccas, is a very heavy grievance to thecountry and after mature consideration, I ; will, in concert withthe Governor and Council, pursue whatever may appear the bestmethod for remedying it."1Francklin's History of the Reign of Shah Alum, p. 25.2Numismat. Orient., 1825, pt. ii, p. 6773Note on the word Sicca from Yule and Burnell, op. cit.'The term Sicca (sikkha, from Arab, sikka, a coming die,'money," whence I', sikka zadan to coin) ........ "and ' coined1683." Having received 25,000 rupees Siccas for Rajamaul." Hedges, MS.,April 4.1705." Les roupies Sicca valent a Bcnpale 39 sols." Lvillier. 255.1779." <strong>In</strong> the 2nd Term, 1779, on Saturday, March 6th, 'Judgment was pronouncedfor the plaintiff. Damages fifty thousand Sicca rupees."
35On the 12th of August 1765, the Emperor Shah Alum grantedto the Company " the JDewanee of the provinces of Bengal, Beharand Orissa as a free gift and Ulturngau, without the associationof any other person, and with an exemption from the payment ofthe customs of the Dewanee, which used to be paid by the Court<strong>In</strong> 1765 pattern gold mohurs, half, and quarter mohurs, werestruck, bearing on the obverse a shield and the inscription ENG-LISH EAST INDIA COMPANY, and on the reverse the inscriptionBO<strong>MB</strong>AY 17t>5. These pattern pieces (pi. xx, 4) I have seen inthe collections of the British <strong>Mus</strong>eum and Mr. H. Montagu.<strong>In</strong> 1770 a pattern gold mohur was struck, bearing on the obversethe inscription BO<strong>MB</strong>AY 1770 15 RUPS, and on the reverse a Persianinscription, (pi. xx, 5.)<strong>In</strong> 1767 commenced the first of the Mysore wars, of which the 1767.last terminated with the capture of Seringapatam and death ofTippoo Sultan in 1799. The interesting fact is mentioned byLieutenant Moor l with reference to a Bombay half pice coinedin England for the use of the island, on which is the HonorableCompany's mark, that " this mark isput upon everything that theCompany send to <strong>In</strong>dia, and Tippoo, seeing it on their musquets,has imitated it on his ;and on the butt, lock, barrel, and bayonet,is the mark, in which, instead of V.E.I. c ,United East <strong>In</strong>dia Company,we see Hi/dr, Tippoo's father's name, in Persian. He put italso upon his cannon."<strong>In</strong> his work " The principles of money applied to the presentstate of the coin of Bengal," Sir James Steuart "says It has been:observed that this coin, called gold mohurs, had been formerlycoined at Delhi, of the same weight and fineness with the Siccarupee of Bengal and other countries of Hindustan but that ;theypassed conventionally, having no legal denomination. <strong>In</strong> 1766it was proposed as an expedient for augmenting the currency ofspecie to make a coinage of gold and the directors of this,operation, pitching upon fifteen Arcot rupees as the value of onegold mohur, instead of estimating the value of these fifteen Arcotrupees by the fine metal contained in them, estimated them bytheir current value, which was above the proportion of theirintrinsic worth. Not satisfied with this first deviation fromprinciples, they added to the mohur (already over-rated in itsproportion to the fifteen silver Arcot rupees) no less than 8per cent, extra denomination, entirely arbitrary. So when thisgold currency came abroad, itproved to be no less than 17 percent, worse in payments than silver rupees of Bengal, Madras,,Bombay, and " Surat.The people of that country (Bengal) had been so long accustomedto silver coin, that they never would, except when forcedto it, receive the mohurs in payment. So the Company wasobliged to make a new regulation in 1769, little better than theformer. At last the gold currency fell altogether to many percent, below its intrinsic value."1Narrative of Little's Detachment. App. p. 478, pi. ii, 14, 15.
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