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A38195 An account of some transactions in the honourable House of Commons, and before the right honourable Lords of the King's most honourable Privy Council, relating to the late East=India Company together with the said companies new charter. England and Wales. Parliament. 1693 (1693) Wing E2503; ESTC R32900 21,455 28

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would submit to such Regulations as His Majesty should judge proper and most likely to advance the Trade And the Company having fully agreed to it and declared their Resolution in writing His Majesty commanded a Committee of His Privy Council to prepare Regulations which they did and offered them to the Company But the Company notwithstanding their Declaration of Submission rejected almost all the Material Particulars So that His Majesty finding That what possibly the House of Commons might have expected and Indeed was necessary to Preserve this Trade could not be perfected by His own Authority alone and that the Company could not be induced to consent to any such Regulations as might have answered the Intentions of the House of Commons and That the Concurrence of the Parliament is requisite to make a complete and useful Settlement of this Trade has directed all the Proceedings in this matter to be laid before them and recommends to them the preparing of such a Bill in order to pass into an Act of Parliament as may establish this Trade on such Foundations as are most likely to preserve and advance it Upon this Message the Honourable House of Commons took into Consideration the Settlement of the said Trade but finding the same Obstructed by the then Companies great Opposition toward the End of the Session Viz. Sabbati 25 die Februarii 1692. Resolved That an Humble Address be presented to His Majesty That He will Dissolve the East-India Company upon Three Years Warning to the said Company according to the Power reserved in their Charter Resolved That the said Address be Presented by the whole House Veneris 30 die Martis 1692. Mr. Speaker Reported to the House That he did yesterday Present to His Majesty their Address touching the East-India Company and that His Majesty was pleased to Express Himself to this Effect viz. Gentlemen I will always do all the Good in My Power for this Kingdom and I will Consider your Address Notwithstanding the aforesaid Propositions some time after several other Regulations were agreed on to Establish the said Company by adding New Subscriptions to their Stock Without any Security to be given to make that Stock worth any thing at all But those Regulations did not pass into a Charter the late Company having made default in Paying in the first Quarterly Payment of the Tax charged on their Joynt-Stock according to the Tenour of the Act of Parliament whereby their former Charters became absolutely Void in Law However the Late Company by their Industrious Application have since procured A NEW CHARTER for Restoring and Confirming all their former Grants which passed under the Great Seal the Seventh day of October 1693. Which New Charter follows in these Words Viz. WIlliam and Mary By the Grace of GOD King and Queen of England Scotland France and Ireland Defenders of the Faith c. To All to whom these Presents shall come Greeting Whereas the Governour and Company of Merchants of London Trading into the East-Indies have been of long time to the Honour and Profit of this Nation a Corporation and have enjoyed divers Liberties Priviledges and Immunities by force of several Charters and Letters Patents heretofore Granted to them by several of Our late Royal Predecessours * Recital of several of their former Charters more particularly by Letters Patents of Our late Royal Uncle King Charles the Second under the Great Seal of England bearing Date the Third day of April in the Thirteenth year of His Reign and by one other Charter or Letters Patents of the said King Charles the Second under the Great Seal of England bearing Date at Westminster the 27 day of March in the 20 year of His Reign and by one other Charter or Letters Patents of the said K. Char. II. bearing date at Westminster the 16 day of December in the 25 year of His Reign and by one other Charter of Letters Patents of the said late K. Char. II. bearing date the 9 day of August in the 35 year of His Reign and also by a Charter or Letters Patents of the late K. James II. bearing date at Westminster the 12 day of April in the Second year of His Reign And whereas some Doubt or Question hath of late been made touching the Dalidity of the Charters of the said Company and whether the same be not in strictness of Law Void by the not actual Payment into the Receipt of Our Exchequer of the First Quarterly Payment of the Tax of 5 L. per Cent. Charged on the General Joynt-Stock of the said Company according to an Act made in the Last Session of this present Parliament entituled An Act for Continuing certain Acts therein mentioned and for Charging several Ioynt-Stocks Now Know ye That We taking the Premisses into Our Royal Consideration and well weighing what Disorders and Inconveniencies would befal the said Company and other Persons concerned and employed in their Trade and Adventures especially in the Remote Parts of the World if We should take Advantage of the Forfeiture aforesaid if any be And We being willing that the said Governour and Company or late Governour and Company of Merchants of London Trading into the East-Indies and their Successours should Have and Enjoy all such and the like Lawful Powers Priviledges Advantages and Immunities and in as ample manner to all intents and purposes as if the said First Quarterly Payment of the said Tax had been duely and regularly Made according to the said Act * Their Majesties Grant that the Members of the late Company Of Our especial Grace certain Knowledge and meer Motion have made ordained constituted declared and appointed and by these Presents for Us Our Heirs and Successours do make ordain constitute declare and appoint That Sir Tho. Cooke Knight and one of the Aldermen of Our City of London Francis Tyssen Esq George Earl of Berkley Sir John Fleet Knight Lord Mayor of Our City of London S r Josiah Child Baronet Sir William Langhorne Baronet Sir Benjamin Bathurst Knight Sir John Moore Knight and one of the Aldermen of Our City of London Sir Samuel Dashwood Knight and one of the Aldermen of Our City of London Sir Edward Des Bouvery Knight Sir Tho. Rawlinson Knight Sir William Gore Knight and one of the Aldermen of Our City of London Sir Jos Herne Knight Sir Rowland Aynsworth Knight John Perry Esq Geo. Boune Esq Ric. Hutchinson Jun. Esq Frederick Herne Esq Ralph Marshall Esq Ric. Acton Jo. Cooke of Hackney Francis Gosfright John Dubois Isaac Houblon Samuel Ongley and Nathaniel Mounteney Gentlemen and all and every other Person and Persons who were Members of the said Company or Late Company of Merchants of London Trading into the East-Indies on the 24 day of March now last past who have not since parted with their Stocks in the said Company * Together with all persons come into the Company since the 24 of March 1693. be incorporated by the name of the Governour and Company c.