Selected quad for the lemma: england_n

Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
england_n act_n great_a parliament_n 3,586 5 6.2777 4 false
View all documents for the selected quad

Text snippets containing the quad

ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A31152 The Case of the English-Company trading to the East-Indies erected in pursuance of an act of Parliament for raising two millions, and for settling the said trade. 1698 (1698) Wing C1068; ESTC R14955 1,636 1

There is 1 snippet containing the selected quad. | View lemmatised text

THE CASE OF THE English-Company Trading to the East-Indies ERECTED In Pursuance of an Act of Parliament for Raising Two Millions and for Settling the said Trade IT having been the undoubted Right af all the Subjects of England to Trade to the East-Indies until restrained by Act of Parliament Many Persons carried on that Trade without seeking any other or greater Priviledges than what they had in Common with their fellow Subjects The Old Company did in May 1698 propose to the House of Commons to lend 700000 l. on Condition they might be Settled by Act of Parliament exclusive of all others for 31 Years Whereupon the House of Commons Impowered the Committee of Ways and Means to receive Proposals for settling the Trade to the East-Indies This gave the occasion to several Merchants and others to offer a Loan of Two Millions for the said Trade for Ten Years Redeemable afterwards by Parliament upon Three Years Notice into which all Persons who were willing to Subscribe were to be equally admitted Which offer was received and an Act of Parliament passed for Raising the said Sum of Two Millions and settling the said Trade in which Act amongst other things is contained 1. That all Persons Natives and Foreigners Bodies Politick and Corporate might Subscribe to the said Loan And His Majesty was Empowered to Incorporate all the Subscribers by the Name of the General Society Entituled to the Advantages given by an Act of Parliament for Raising a Sum not exceeding Two Millions for the Service of the Crown of England 2. His Majesty was also Empowered to Incorporate all sech of the Subscribers as should desire the same to be One Company to Trade with a Joint Stock Throughout the whole Act there is no Power given to Erect any other Company or Corporation but the said General Society and the said One Company to Trade with a Joint Stock 3. Those that were not willing to come into the Joint Stock had liberty to Trade separately but were to make their Entries with the Trustees of the General Society until a Company should be Erected to Trade with a Joint Stock and after the Erecting of such Company then with the Directors of the said Company and to be subject to the Regulations mentioned in the said Act 4. Also a Duty of Five per Cent on the whole Trade is Granted to His Majesty to be paid over to the General Society till a Company should be Erected to Trade with a Joint Stock and after the Erecting of such Company then to the said Company By all which it evidently appears there could by the said Act be but One Company Erected to Trade with a Joint Stock After the Passing the said Act His Majesty was pleased before the Subscription began to sign His Notice of the Old Company 's Determination according to the Power reserved in their Charters and caused the said Notice to be served upon the Old Company before Mr. John Dubois the Old Company 's Agent subscribed the 315000 l. which he did in his own Name only and not until above One Million was under-written whereby the Subscribers were Intituled to the Trade The Two Millions being subscribed His Majesty in pursuance of the said Act did Incorporate all the Subscribers in the Charter of the General Society and those who desired to unite in a Joint Stock were likewife Incorporated by the Name of The English Company Trading to the East-Indies All which Considered it is humbly conceived the Continuing the Old Company a Corporation is contrary to the said Act for which the New Company have so lately advanced 166200 l. And whereas the said Old Company in their Petition to the Honourable House of Commons did as an inducement to the Bill now depending suggest That unless they continued a Corporation they could not Compel any of their Officers Factors or Agents to render them any Accounts or make them Returns of their Estates and that they should be disabled from paying their Just Debts And in the said Bill it is declared That several Hundred Persons being Interested in the before-mentioned Subscription of 315090 l. they cannot Manage the same and the Benefit of Trade accruing thereby but in a Corporation It is Humbly Offered That all the said Ends may be attained without the said Bill for they may recover their Effects pay their Debts by a Settlement upon Trustees and Manage the Subscription of Mr. Dubois either separately as several other Subscribers do or by coming into the Joynt Stock of the New Company and Dispose of their Dead Stock at a Reasonable Value as was Offer'd by the said New Company in a late Treaty betwixt them Fol. 756. Fol. 763. Fol. 770. Fol. 777. Fol. 780.