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British East India Company: Tea Act
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British intervention in colonial economic affairs occurred again when in 1773 Lord North's administration tried to rescue the East India Company from difficulties that had nothing to do with America. The Tea Act gave the company, which produced tea in India, a monopoly of distribution in the colonies.
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The heyday of the East India Company was well and truly over, but the heyday of Indian tea production was just beginning. With the exception of Darjeeling, which was producing high-quality but low-yielding tea crops, there was little tea cultivation outside Assam. The new British administration in India saw the potential for more widespread cultivation and offered generous land leases to would-be tea planters. By 1888 Indian tea production had reached 86 million lbs - and for the first time British tea imports from India exceeded those from China.
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Tea Act