Note 48 — Memoir (continued 2)

Golden Pagodas.—I find a notice, bearing date November 18, 1695, giving warning against the introduction of Pagodas into this country. It does not seem to have had much effect, as there seems to be a regular conspiracy and monopoly among the chetties and other rogues. This ought to be stopped, and I have therefore ordered that none but the Negapatam and Palliacatte Pagodas will be current at 24 fannums or Rds. 2, while it will be strictly prohibited to give in payment or exchange any other Pagodas, whether at the boutiques or anywhere else, directly or indirectly, on penalty of the punishment laid down in the statutes. Your Honours must see that this rule is observed, and care must be taken that no payment is made to the Company’s servants in coin on which they would have to lose.