The Company had always needed powerful friends at
Court and in Government to keep its trading monopoly.
But the new nabobs of the Companys
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 Companys monopoly of Asian trade was limited to
China. By 1833 even that was abolished.
After 231 years the Companys trading days