Pitt Street, George Town have lived here for centuries. Pitt Street was named after William Pitt the Younger, who was the Prime Minister of Great Britain between 1783 and 1801. When Captain Francis Light founded Penang Island in 1786, he renamed the island the "Prince of Wales Island" in honour of the Prince of Wales, the new settlement of George Town after King George III and the first street within the settlement after himself. Worried that Prime Minister William Pitt may have felt offended as nothing was named after him, Light felt compelled to name Pitt Street after him. Pitt Street, created soon after
William Pitt the Younger Minister was the India Act 1784, which re-organised the British East India Company and kept a watch over corruption. The India Act created a new Board of Control to oversee the affairs of the East India Company. It differed from Fox's failed India Bill 1783 and specified that the Board would be appointed by the King. Pitt was appointed, along with Lord Sydney who was appointed President. The Act centralised British rule in India by reducing the power of the Governors of Bombay and Madras and by increasing that of the Governor-General, Charles Cornwallis. Further augmentations and clarifications of the