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Why was the Revenue collection of the southern Palayakkarars was given to the company Rule?

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Why was the Revenue collection of the southern Palayakkarars was given to the company Rule?

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1. Nawab of Arcot had borrowed money from the East India Company to meet the expenses he had incurred during the camatic wars. 

2. When the debts exceeded his capacity to pay, he gave the Revenue Collection Authority to the company rule.

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