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Three Frenchmen in Bengal - The Commercial Ruin of the French Settlements in 1757 by S. C. (Samuel Charles) Hill
page 27 of 198 (13%)
the maritime force of the English ... because Chandernagore
was the only place on this coast against which they
could undertake any enterprise by water. _This engagement
was signed_ and sent to the Nawab three days after he had
made peace with the English. The Council received in
reply two privileges, the one to coin money with the King's
stamp at Chandernagore, the other liberty of trade for
individual Frenchmen on the same footing as the Company,
and 100,000 rupees on account of the 300,000 which he had
extorted the previous year."

It does not matter whether this engagement was signed or not.[32] As
a Frenchman thus mentions it, the rumour of its signature must have
been very strong. It is probable that the English heard of it, and
believed it to be conclusive proof of the secret understanding
between the Nawab and the French. The privilege of individual trade
was particularly likely to excite their commercial jealousy, for it
was to this very privilege in their own case that the wealth and
strength of Calcutta were due. Such a rumour, therefore, was not
likely to facilitate negotiations. Nevertheless, Renault sent MM.
Fournier and Nicolas, the latter of whom had many friends amongst
the English, to Calcutta, to re-open the negotiations for a
neutrality. These negotiations seemed to be endless. The most
striking feature was Admiral Watson's apparent vacillation. When the
Council proposed war he wanted peace, when they urged neutrality he
wanted war. Clive went so far as to present a memorial to the
Council, saying it was unfair to continue the negotiations if the
Admiral was determined not to agree to a treaty. It seems as if the
Council wanted war, but wished to throw the responsibility upon the
Admiral. On the other hand the Admiral was only too eager to fight,
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