If power is mediated by knowledge, then the early decades of British colonial rule in India were indeed, as Ghulam Hussain Khan Tabatabai, the intellectual and historian par excellence of those times wrote, a time of ‘half-knowledge’.The decades between 1757 and 1772 witnessed the implantation of this colonial regime in Eastern India through the transformation of the English East India Company from a mercantilist trading corporation into the paradoxical status of ‘merchant-sovereign and the sovereign merchant’ at the same time. The role of sovereign thrust upon the officials of the company the far from easy task of administering this society in ways that were most conducive to the extraction of the largest possible surplus from it for its new masters.