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Tuesday, December 26, 2017

Charter Act 1813

The Charter Act of 1813 was as follows:

•    The monopoly of trade of the Company was abolished except in Tea and its trade with China.

•    Church was placed under a Bishop which was maintained from Indian revenue. Englishmen were granted permission to settle and hold land in India; to the missionaries for introducing useful knowledge and propagating religious and moral improvement and to traders for their lawful purposes, under a system of licenses.
•    The crown had complete power over territorial and revenue.
•    For the improvement of education one lakh grant was allotted.