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cause_n act_n king_n parliament_n 3,554 5 6.8839 4 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A82370 The East-India trade 1693 (1693) Wing E101A; ESTC R224981 3,430 4

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the_o east-india_n trade_n be_v a_o jewel_n not_o enough_o to_o be_v value_v or_o to_o say_v the_o least_o can_v be_v say_v of_o it_o not_o fit_a to_o be_v throw_v away_o have_v many_o session_n of_o parliament_n much_o trouble_v the_o house_n occasion_v by_o two_o interest_n both_o strive_v to_o get_v the_o same_o thing_n the_o one_o be_v the_o interest_n of_o the_o old_a company_n the_o other_o be_v the_o interest_n of_o many_o other_o rich_a man_n who_o very_o fain_o will_v be_v a_o new_a this_o together_o with_o some_o clause_n in_o the_o old_a company_n be_v charter_n which_o say_v there_o shall_v three_o year_n notice_n be_v give_v before_o that_o charter_n shall_v determine_v so_o puzzle_v the_o cause_n that_o the_o whole_a be_v refer_v to_o the_o king_n but_o before_o any_o thing_n be_v do_v by_o his_o majesty_n in_o it_o providence_n so_o order_v the_o matter_n that_o the_o old_a company_n be_v charter_n by_o act_n of_o parliament_n become_v null_a and_o void_a and_o the_o prudence_n of_o their_o majesty_n thereupon_o so_o order_v the_o matter_n that_o in_o the_o new_a charter_n give_v they_o there_o be_v among_o other_o thing_n power_n reserve_v till_o michaelmas_n 1694._o to_o even_o determine_v that_o charter_n so_o that_o this_o matter_n seem_v to_o come_v plain_o before_o the_o house_n to_o advise_v in_o it_o as_o they_o shall_v see_v best_a and_o if_o the_o house_n do_v not_o now_o so_o order_n the_o matter_n that_o these_o mighty_a great_a riches_n to_o be_v hope_v from_o ●he_n indies_n so_o strive_v for_o by_o some_o may_v be_v give_v to_o all_o according_a 〈◊〉_d their_o respective_a interest_n they_o have_v in_o the_o land_n and_o other_o rent_n of_o this_o kingdom_n the_o generation_n to_o come_v in_o every_o parish_n of_o england_n when_o they_o shall_v come_v to_o know_v the_o advantage_n they_o may_v have_v have_v by_o be_v concern_v in_o this_o trade_n and_o find_v themselves_o exclude_v from_o it_o will_v say_v at_o the_o least_o there_o be_v a_o opportunity_n slip_v whereas_o if_o the_o matter_n be_v but_o so_o order_v as_o that_o the_o benefit_n of_o that_o trade_n may_v in_o general_n as_o aforesaid_a accrue_v unto_o all_o all_o must_v be_v certain_o please_v with_o it_o beside_o which_o at_o this_o time_n it_o may_v possible_o further_a advantage_n the_o public_a in_o case_n they_o resolve_v to_o raise_v the_o tax_n on_o land_n by_o way_n of_o a_o pound_n rate_v by_o make_v the_o land-owner_n the_o more_o willing_a to_o let_v their_o estate_n be_v tax_v to_o the_o true_a value_n that_o so_o they_o may_v according_o be_v concern_v in_o this_o trade_n which_o in_o few_o year_n will_v make_v they_o amends_o if_o settle_v in_o some_o method_n like_o what_o be_v herein_o after_o propose_v which_o be_v print_v last_o year_n be_v at_o the_o desire_n of_o some_o who_o then_o seem_v to_o be_v please_v with_o it_o reprint_v in_o the_o very_a same_o word_n as_o follow_v to_o preserve_v the_o east-india_n trade_n in_o such_o sort_n as_o to_o make_v it_o national_a true_o for_o the_o good_a of_o the_o public_a and_o so_o that_o the_o land_a man_n of_o the_o kingdom_n who_o be_v most_o burden_v with_o tax_n and_o be_v the_o only_a person_n can_v and_o will_v suffer_v in_o their_o rent_n and_o estate_n unless_o concern_v some_o way_n in_o interest_n by_o the_o now_o intend_a increase_n of_o this_o mighty_a east-india_n trade_n may_v not_o be_v prejudice_v but_o rather_o much_o advantage_v thereby_o and_o without_o pay_v down_o any_o thing_n for_o it_o it_o be_v propose_v that_o this_o trade_n shall_v be_v settle_v by_o parliament_n so_o as_o to_o be_v carry_v on_o by_o a_o joint-stock_n exclusive_a to_o other_o and_o under_o such_o regulation_n as_o shall_v be_v express_v in_o the_o act._n that_o this_o trade_n shall_v be_v manage_v by_o a_o number_n of_o person_n less_o than_o fifteen_o enough_o to_o be_v choose_v by_o parliament_n to_o who_o they_o shall_v be_v accountable_a and_o that_o upon_o oath_n when_o require_v that_o that_o number_n of_o person_n shall_v by_o a_o common_a seal_n be_v empower_v to_o take_v up_o money_n at_o interest_n not_o exceed_v 1400000_o l._n for_o carry_v on_o of_o this_o trade_n at_o such_o time_n and_o in_o such_o proportion_n as_o shall_v by_o they_o be_v find_v needful_a for_o it_o that_o the_o money_n so_o take_v up_o and_o employ_v in_o this_o trade_n shall_v always_o be_v liable_a to_o pay_v principal_a and_o interest_n to_o the_o lender_n thereof_o as_o the_o same_o become_v due_a and_o be_v require_v and_o that_o there_o may_v be_v no_o fear_n of_o borrow_a money_n enough_o to_o thus_o carry_v on_o well_o this_o new_a intend_a east-india_n trade_n it_o be_v far_o propose_v that_o there_o shall_v be_v settle_v for_o ever_o one_o single_a month_n tax_v in_o a_o year_n after_o the_o rate_n of_o 70000_o l._n per_fw-la mensem_fw-la as_o a_o fund_z to_o a_o perpetual_a interest_n at_o 5_o per_fw-la cent._n of_o 1400000_o l._n but_o not_o to_o be_v raise_v but_o when_o find_v needful_a by_o the_o person_n appoint_v to_o manage_n the_o trade_n so_o that_o beside_o the_o money_n employ_v in_o this_o trade_n and_o the_o profit_n of_o it_o out_o of_o which_o the_o interest_n of_o the_o money_n to_o be_v borrow_v for_o the_o carry_v it_o on_o may_v be_v easy_o pay_v here_o will_v be_v land_n security_n as_o a_o perpetual_a fund_z for_o the_o interest_n settle_v so_o that_o shall_v the_o stock_n fail_v the_o lender_n will_v be_v secure_a which_o will_v give_v the_o company_n such_o a_o credit_n they_o can_v never_o want_v money_n at_o the_o low_a interest_n that_o any_o where_o it_o can_v be_v have_v and_o thus_o the_o profit_n first_o arise_v may_v go_v to_o clear_v the_o money_n first_o borrow_v and_o after_o that_o be_v pay_v to_o the_o owner_n of_o land_n in_o proportion_n to_o their_o estate_n as_o rate_v to_o this_o single_a month_n tax_v and_o to_o make_v this_o effectual_a the_o whole_a stock_n and_o its_o proceed_v must_v for_o ever_o remain_v so_o fix_v to_o the_o land_n itself_o that_o it_o shall_v be_v in_o the_o power_n of_o no_o man_n to_o sell_v the_o one_o without_o sell_v the_o other_o at_o all_o and_o it_o may_v be_v hence_o hope_v that_o after_o the_o first_o five_o or_o six_o year_n without_o pay_v one_o penny_n the_o landed-man_n of_o the_o nation_n may_v have_v the_o whole_a benefit_n of_o this_o great_a east-india_n trade_n and_o when_o any_o dividend_n after_o the_o money_n borrow_v to_o carry_v on_o the_o trade_n be_v repay_v shall_v be_v make_v of_o the_o profit_n it_o ought_v never_o to_o be_v under_o 15_o per_fw-la cent._n which_o upon_o a_o stock_n of_o 1400000_o l._n to_o be_v keep_v always_o entire_a amount_v to_o 2●0000_n l._n and_o that_o at_o the_o rate_n of_o 70000_o l._n per_fw-la mensem_fw-la will_v be_v a_o just_a three_o month_n tax_n which_o on_o such_o dividend_n to_o yearly_o be_v hope_v for_o shall_v be_v pay_v to_o the_o sheriff_n of_o the_o county_n and_o by_o he_o 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notice_n that_o if_o this_o be_v not_o do_v now_o it_o will_v be_v after_o this_o session_n too_o late_o december_n 29._o 1693._o