g the arrears of interest? he said,
Not having ever lent him moneys himself, he cannot fully answer as to
the mode of settling the interest with him.

Being asked, Whether he has reason to believe the sixty lacs of pagodas
was all principal money really and truly advanced to the Nabob of
Arcot, or a fictitious capital, made up of obligations given by him,
where no money or goods were received, or which was increased by the
uniting into it a greater interest than the twelve per cent expressed to
be due on the capital? he said, He has no reason to believe that the sum
of sixty lacs of pagodas was lent in money or goods to the Nabob,
because that sum he thinks is of more value than all the money, goods,
and chattels in the settlement; but he does not know in what mode or
manner this debt of the Nabob's was incurred or accumulated.--Being
asked, Whether it was not a general and well-grounded opinion at Madras,
that a great part of this sum was accumulated by obligations, and was
for services performed or to be performed for the Nabob? he said, He has
heard that a part of this debt was given for the purposes mentioned in
the above question, but he does not know that it was so.--Being asked,
Whether it was the general opinion of the settlement? he said, He cannot
say that it was the general opinion, but it was the opinion of a
considerable part of the settlement.--Being asked, Whether it was the
declared opinion of those that were concerned in the debt, or those that
were not? he said, It was the opinion of both parties, at least such of
them as he conversed with.--Being asked, Whether he has reason to
believe that the interest really paid by the Nabob, upon obligations
given, or money lent, did not frequently exceed twelve per cent? he
said, Prior to the 1st of August, 1774, he had had reason to believe
that a higher interest than twelve per cent was paid by the Nabob on
moneys lent to him; but from and after that period, when the last act of
Parliament took place in India, he does not know that more than twelve
per cent had been paid by the Nabob, or received from him.--Being asked,
Whether it is not his opinion that the Nabob has paid more than twelve
per cent for money due since the 1st of August, 1774? he said, He has
heard that he has, but he does not know it.--Being asked, Whether he has
been told so by any considerable and weighty authority, that was like to
know? he said, He has been so informed by persons who he beli