Sir James Rivett-Carnac (1785–1846), Bt, Director of the East India Company (1827), Governor of Bombay (1838–1841)

Sir James Rivett-Carnac (1785–1846), Bt, Director of the East India Company (1827), Governor of Bombay (1838–1841)

Source: British Library British East India Company advertisement of curiosities of the day - 1704

Source: British Library British East India Company advertisement of curiosities of the day - 1704

Maharajah Duleep Singh son of maharaja ranjit singh last powerful ruler of sikh empire

Maharajah Duleep Singh son of maharaja ranjit singh last powerful ruler of sikh empire

Tom Hardy stole the show in a mix of blockbusters and underrated gems before making his TV debut on FX’s Taboo. #ad

Tom Hardy stole the show in a mix of blockbusters and underrated gems before making his TV debut on FX’s Taboo. #ad

Robert Clive, was an unstable sociopath who ran the East India Company

The East India Company: The original corporate raiders

Robert Clive, was an unstable sociopath who ran the East India Company

British East India Company 2 Annas silver coin, 1841.

1841 British East India Company 2 Annas Silver (M-132)

British East India Company 2 Annas silver coin, 1841.

The Commutation Act of 1784 was introduced by William Pitt the Younger in response to the tea smuggling trade. Tea smuggling had been an extremely profitable enterprise due to the high rate of tax on tea. The Act reduced taxes from 119% to 12.5% which made legitimate sales of tea more lucrative for companies such as Twinings and for the British East India Company. It proved a success and it ended a hundred years of the tea smuggling trade.

The Commutation Act of 1784 was introduced by William Pitt the Younger in response to the tea smuggling trade. Tea smuggling had been an extremely profitable enterprise due to the high rate of tax on tea. The Act reduced taxes from 119% to 12.5% which made legitimate sales of tea more lucrative for companies such as Twinings and for the British East India Company. It proved a success and it ended a hundred years of the tea smuggling trade.

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