insurance and dividends earned on investments ab- road as also the savings of Britishers serving abroad. In the pre-British period, India derived income from all these invisible sources. Britain has seen to it that all these sources are eliminated for all practical purposes. INDIA'S SHIPPING ELIMINATED Indian shipping was a great factor in the world till the British came and destroyed it. In 1420, Nicole Conti described with admiration the Indian skill in ship-building. "The natives of India build some ships larger than ours, capable of contain- ing 2000 butts. Some ships are so built in compart- ments that should one part be shattered, the other portion remaining, the same may accomplish the voyage." A letter dated 16th December, 1670 from the fac- tory at Balsore to the Court of Directors in London runs: "Many English merchants and others have their ships and vessels yearly built----Very expert master- builders there are several here. They build very well and launch with as much discretion as I have seen in any part of the world." Their skill was an example for others to emulate. Even as late as in 1802, ships and warships were built for England in India. England borrowed plans and designs from Indian builders. The vessel from Gogha, the Reheni, captured by the Portuguese had a tonnage of 1,500 tons. In 1612, Sir H. Middleton saw at Surat a ship that was 153 ft. long, 42 feet broad, 31 feet deep and carried a burden of 1,500 tons. And even so late as the beginning of 19th century 300-400 tons was considered the standard for a fair-sized sea-going ship in England. 10