The New Hampshire Gazette And General Advertiser

NEW YORK, February 26.

By the Ship Wilson, Capt. Thomson, which arrived on Thursday last, in 7 weeks and 3 days from Liverpool, we learn, that on or about the 20th of December last, the famous India bill, for depriving the English East-India Company of the exclusive trade to that part of the world, and investing it in the hands of the government, was carried, by a very large majority, in the House of Commons; but negatived by a majority of three, in the House of Lords. The immediate consequence of which was, the immediate resignation of Messieurs Fox and North, and the appointment of the Honorable William Pitt, Esq: as first Lord of the Treasury. His Britannic Majesty opposed the bill thro' all its various stages, and the Prince of Wales himself in the minority by adhering to the fortunes of the Fox. That it was expected a dissolution of the Parliament would also take place in a day or two—that the affairs of the British nation were in the utmost State of distraction—the people in great uproar and confusion—stocks low and money scarce—that the last advices from the Indies contain the most disagreeable relation of an engagement between the French and English armies, and their auxiliaries, the death of Sir Eyre Coote, the Elliot of the East—and that the English affairs in that quarter wore a very gloomy aspect.

In Mr. Fox's statement of the East India Company affairs, he endeavoured to prove that they were in a state of bankruptcy, with a deficiency of five millions. But the Company, on the contrary, denied the fact, and as ingeniously proved that after all their debts, &c, were paid, a surplus or residue would remain, of three millions.