On the dismemberment of the Delhi empire, it was seized by Safdar Jang, the nawab wazir of Oudh, by whose grandson it was ceded to the East India Company by the treaty of 1775.
He was zealous, too, for the promotion of trade and industry, and, besides the East India Company which he established at Ostend, he encouraged the development of Trieste and Fiume as sea-ports and centres of trade with the Levant.
As the eastern outpost of the company's operations, it was connected with the western outpost of the East India Company in Bagdad by a private postal service, and its name became very familiar in England from the part that its merchants (largely Jewish) bore in the transmission of Eastern products to Europe (cf., e.g.
Upon the intercession of Teshu Lama, then regent of Tibet, a treaty of peace was concluded in 1774 between the East India Company and the ruler of Bhutan.
Pulo Penang, an island belonging to the Siamese dependency of Kedah, was granted on a permanent lease to the East India Company in 1786, and treaties were entered into by the sultan of Kedah with the company.
Meanwhile, the affairs of the East India Company had come under the consideration of parliament.
The Dutch East India Company cared nought for the progress of the colony - provided only that they had a refreshment station for their richly laden fleets, and that the English, French, Danes and Portuguese had not.
The Calcutta mint was established by the East India Company in 1757, but other mints in Bengal continued to be used till about 1835, when the Calcutta mint was rebuilt.
Burke, hating wrong and injustice with a bitter hatred, had descried in the government of British India by the East India Company a disgrace to the English name.
Referring to the policy of the company, Watermeyer says: - The Dutch colonial system as exemplified at the Cape of Good Hope, or rather the system of the Dutch East India Company (for the nation should not wholly suffer under the condemnation j ustly incurred by a trading association that sought only pecuniary profit), was almost without one redeeming feature, and was a dishonour to the Netherlands' national name.