Charter Act Of 1813
- The Company’s monopoly over trade in India ended, but the Company retained the trade with China and the trade-in Tea and allowed the British merchants to trade in India.
- A sum of one lakh rupees was to be set aside for the revival, promotion, and encouragement of literature, learning, and science among the natives of India, every year.
- The Governor-General of Bengal became the Governor-General of India.
- The Company’s monopoly over trade with China in tea also ended.
- The commercial functions of the company in India were taken away completely and the company henceforth was to remain in India only as a political functionary.
- A law member was added to the governorgeneral’s council for professional advice on law-making.
- The Act established one legislative council for all British territories in India.
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It was the last Charter Act passed by the British Parliament.
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The most welcome feature of this Act was the enlargement of the Governor-General’s Executive Council for legislative purposes. The Legislative wing began to function as a Parliament in miniature.
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The Company’s patronage over the services was dissolved—the services were now thrown open to a competitive examination.