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The Company had always needed powerful friends at Court and in Government to keep its trading monopoly.

But the new ‘nabobs’ of the Company’s service were returning with fortunes questionably made and as large as those of the landed aristocracy. The Establishment had had enough.

Parliament set out to curb Company rule in India.

In 1773 a Regulating Act made Calcutta the seat of government under a Governor General. The India Act of 1784 set up a Parliamentary Board of Commissioners for the Affairs of India. By 1813 the Company’s monopoly of Asian trade was limited to China. By 1833 even that was abolished.

After 231 years the Company’s trading days were over.

  warren hastings   caricature
   

Warren Hastings, by a Mughal artist c1782
Or 6633.f.67r
(click image to enlarge)

Further Information

‘A transfer of East India Stock’, political caricature by James Sayer 1783. Charles James Fox carries off East India House into a stronghold of the Crown.
P1792
(click image to enlarge)

Further Information

World in 1600Getting ThereBantamExpansionIndiaChinaImpactsHOMECONTACT US SITE MAP

Final Years of the EICOverview Asia on BritainBritain on Asia