former_o it_o have_v be_v the_o constant_a custom_n in_o farm_n bargain_n and_o offer_v of_o the_o like_a nature_n not_o to_o close_v with_o a_o new_a proposal_n till_o the_o first_o bidder_n be_v ask_v whether_o he_o be_v able_a to_o advance_v far_a in_o this_o case_n the_o company_n notwithstanding_o their_o charter_n and_o the_o right_o they_o have_v to_o the_o trade_n be_v early_o tell_v without_o door_n that_o their_o proposal_n shall_v be_v oppose_v though_o they_o will_v lay_v down_o the_o two_o million_o in_o question_n however_o the_o company_n think_v it_o their_o duty_n to_o do_v their_o utmost_a for_o the_o service_n of_o the_o government_n and_o be_v inform_v of_o resolution_n make_v by_o the_o honourable_a house_n of_o commons_o june_n for_o the_o raise_v two_o million_o on_o a_o fund_z of_o 8_o per_fw-la cent._n with_o the_o additional_a advantage_n of_o the_o trade_n to_o the_o east-indies_n they_o for_o the_o preservation_n of_o above_o a_o thousand_o family_n interest_v in_o their_o joint-stock_n in_o a_o general_n court_n hold_v the_o 10_o of_o june_n instant_a do_v agree_v to_o submit_v their_o present_a stock_n to_o a_o valuation_n of_o 50_o per_fw-la cent._n viz._n 20_o per_fw-la cent._n for_o their_o dead_a stock_n million_o and_o 30_o per_fw-la cent._n for_o their_o quick_a stock_n which_o they_o be_v content_v to_o warrant_v at_o the_o say_a sum_n and_o upon_o these_o term_n they_o offer_v to_o open_v their_o book_n for_o new_a subscription_n in_o order_n to_o raise_v the_o say_v two_o million_o and_o afterward_o to_o ascertain_v the_o payment_n of_o the_o say_v two_o million_o they_o hold_v a_o general_n court_n on_o the_o 20_o instant_n subscription_n in_o which_o they_o agree_v to_o a_o immediate_a subscription_n by_o private_a adventurer_n of_o 200,000_o l._n to_o be_v pay_v as_o the_o first_o payment_n subject_a to_o make_v good_a the_o subsequent_a payment_n which_o subscription_n be_v according_o make_v by_o person_n of_o know_a ability_n and_o substance_n and_o these_o two_o proposal_n the_o company_n be_v likewise_o ready_a to_o exhibit_v to_o your_o lordship_n and_o the_o company_n will_v presume_v humble_o to_o affirm_v before_o your_o lordship_n comply_v that_o from_o the_o resolution_n and_o cheerfulness_n which_o be_v observe_v among_o the_o adventurer_n they_o have_v ground_n of_o assurance_n that_o the_o government_n may_v have_v firm_o depend_v upon_o the_o performance_n of_o such_o their_o proposal_n but_o may_v it_o please_v your_o lordship_n the_o company_n be_v inform_v that_o there_o be_v a_o bill_n pass_v the_o honourable_a house_n of_o commons_o and_o now_o depend_v before_o your_o lordship_n revenue_n which_o high_o tend_v to_o the_o prejudice_n of_o the_o company_n charter_n and_o right_n thereby_o grant_v and_o also_o to_o deprive_v they_o of_o the_o property_n which_o they_o have_v in_o land_n of_o inheritance_n and_o other_o estate_n and_o interest_n in_o foreign_a part_n to_o the_o value_n of_o 44000_o l._n per_fw-la annum_fw-la etc._n which_o bill_n likewise_o by_o undeniable_a consequence_n deprive_v they_o of_o their_o possession_n and_o right_n in_o several_a fort_n and_o fortification_n the_o purchase_n and_o improvement_n of_o which_o have_v at_o several_a time_n cost_v they_o above_o a_o million_o of_o pound_n sterling_n and_o they_o crave_v leave_v humble_o to_o lay_v before_o your_o lordship_n that_o this_o bill_n grant_v to_o a_o general_n society_n to_o be_v establish_v that_o from_o the_o 29_o the_o day_n of_o september_n 1698_o india_n they_o shall_v have_v use_v and_o enjoy_v the_o whole_a and_o sole_a trade_n and_o traffic_n to_o and_o from_o the_o east-indies_n and_o the_o only_a liberty_n use_v and_o privilege_n of_o trading_n and_o traffic_v thither_o which_o grant_v the_o company_n humble_o conceive_v to_o be_v direct_o contrary_a to_o the_o tenor_n of_o their_o several_a charter_n viz._n viz._n of_o that_o from_o king_n charles_n the_o second_o date_a april_n the_o 3d_o 1661._o whereby_o there_o be_v grant_v to_o the_o company_n for_o the_o king_n his_o heir_n and_o successor_n that_o they_o shall_v for_o ever_o hereafter_o have_v use_v and_o enjoy_v the_o whole_a entire_a and_o only_a trade_n and_o traffic_n to_o and_o from_o the_o say_a east-indies_n subject_a to_o the_o condition_n therein_o mention_v and_o direct_o contrary_a to_o one_o other_o charter_n from_o his_o present_a majesty_n bear_v date_n the_o seven_o of_o october_n 1693_o whereby_o the_o king_n for_o himself_o his_o heir_n and_o successor_n grant_v to_o the_o company_n to_o have_v hold_v use_v exercise_n and_o enjoy_v the_o port_n island_n plantation_n territory_n castle_n power_n and_o privilege_n in_o such_o and_o the_o same_o manner_n as_o they_o may_v or_o ought_v lawful_o to_o have_v hold_v the_o same_o by_o their_o former_a charter_n subject_n to_o the_o condition_n therein_o mention_v and_o contrary_a to_o one_o other_o charter_n of_o his_o say_a majesty_n bear_v date_n the_o 11_o of_o november_n 1693_o whereby_o the_o king_n for_o himself_o his_o heir_n and_o successor_n do_v order_n direct_v limit_v and_o appoint_v that_o the_o joint-stock_n of_o the_o say_a governor_n and_o company_n shall_v continue_v one_o and_o twenty_o year_n to_o be_v compute_v from_o the_o date_n of_o the_o say_a letter_n patent_n subject_a to_o the_o condition_n therein_o mention_v the_o company_n humble_o submit_v to_o the_o consideration_n of_o your_o lordship_n they_o that_o since_o the_o say_a charter_n be_v grant_v no_o breach_n or_o forfeiture_n of_o their_o right_n have_v be_v commit_v by_o or_o pretend_v to_o be_v charge_v upon_o they_o it_o be_v true_a that_o in_o a_o charter_n from_o his_o present_a majesty_n unprofitableness_n bear_v date_n the_o 28_o of_o september_n 1694_o there_o be_v a_o proviso_n that_o if_o it_o shall_v appear_v to_o the_o king_n his_o heir_n or_o successor_n that_o the_o say_v two_o charter_n or_o any_o other_o charter_n heretofore_o grant_v shall_v not_o be_v profitable_a to_o the_o king_n his_o heir_n or_o successor_n or_o to_o this_o realm_n that_o then_o and_o from_o thenceforth_o upon_o and_o after_o three_o year_n warn_v to_o be_v give_v to_o the_o say_a company_n by_o the_o king_n his_o heir_n and_o successor_n under_o his_o or_o their_o privy_a seal_n or_o sign_n manual_n the_o say_v several_a letter_n patent_n etc._n etc._n shall_v cease_v be_v void_a and_o be_v determine_v but_o the_o bill_n now_o depend_v do_v in_o no_o part_n suggest_v that_o the_o say_a charter_n or_o the_o trade_n from_o thence_o arise_v have_v be_v unprofitable_a to_o the_o king_n or_o kingdom_n contrary_a on_o the_o contrary_a the_o trade_n depend_v upon_o the_o say_a charter_n be_v rather_o declare_v profitable_a by_o the_o scope_n of_o the_o say_a bill_n be_v thereby_o make_v the_o recompense_n and_o encouragement_n for_o raise_v of_o two_o million_o but_o if_o the_o say_a charter_n upon_o the_o present_a exigency_n shall_v be_v pretend_v unprofitable_a to_o the_o king_n and_o his_o realm_n by_o be_v a_o bar_n to_o the_o raise_n of_o this_o supply_n yet_o the_o company_n offer_v and_o proposal_n aforesaid_a remove_n as_o it_o be_v hope_v that_o pretence_n and_o the_o company_n submit_v it_o to_o the_o wisdom_n and_o justice_n of_o your_o lordship_n law_n whether_o their_o charter_n shall_v be_v thus_o prejudge_v unprofitable_a and_o whether_o the_o right_n thereby_o grant_v ought_v not_o to_o remain_v till_o the_o say_a charter_n be_v find_v unprofitable_a to_o the_o king_n and_o his_o realm_n by_o the_o usual_a form_n of_o law_n the_o bill_n now_o depend_v enact_n subscriber_n that_o after_o the_o 29_o the_o of_o september_n the_o east-indies_n shall_v not_o be_v visit_v frequent_v or_o haunt_v by_o any_o other_o of_o the_o subject_n of_o his_o majesty_n etc._n etc._n during_o such_o time_n as_o the_o benefit_n of_o trade_n thereby_o give_v or_o intend_v to_o be_v give_v to_o the_o subscriber_n aught_o to_o continue_v and_o the_o say_a bill_n lay_v great_a penalty_n penalty_n upon_o such_o as_o shall_v do_v any_o thing_n contrary_a to_o the_o intent_n and_o purport_n of_o the_o say_v act._n it_o be_v true_a in_o a_o subsequent_a clause_n provision_n be_v make_v year_n that_o the_o company_n may_v continue_v trading_n to_o the_o east-indies_n for_o three_o year_n viz._n to_o the_o 29_o the_o of_o september_n 1701_o but_o after_o that_o time_n be_v prohibit_v resort_v thither_o the_o fort_n and_o castle_n which_o have_v cost_v a_o million_o stock_n erect_v in_o those_o part_n will_v be_v a_o dead_a loss_n upon_o they_o and_o they_o can_v reap_v no_o manner_n of_o advantage_n from_o their_o plantation_n edifice_n due_n and_o right_n in_o india_n and_o persia_n which_o now_o yield_v they_o 44000_o l._n per_fw-la annum_fw-la and_o it_o be_v humble_o hope_v that_o your_o lordship_n will_v not_o think_v it_o consistent_a with_o your_o justice_n to_o give_v property_n so_o large_a a_o wound_n
not_o only_o the_o company_n must_v suffer_v a_o immense_a loss_n by_o this_o intend_a dissolution_n of_o their_o charter_n without_o any_o provision_n for_o the_o reimbursement_n of_o their_o expense_n and_o without_o any_o satisfaction_n for_o their_o land_n and_o right_n of_o inheritance_n in_o those_o part_n which_o they_o hope_v will_v have_v its_o due_a weight_n with_o your_o lordship_n but_o they_o presume_v they_o shall_v be_v able_a to_o show_v that_o the_o kingdom_n in_o general_n prejudice_v and_o the_o trade_n itself_o must_v receive_v great_a prejudice_n by_o this_o sudden_a dissolution_n of_o the_o charter_n and_o shift_v of_o hand_n without_o previous_a agreement_n and_o stipulation_n with_o the_o indian_a prince_n and_o governor_n it_o will_v be_v less_o prejudicial_a to_o the_o body_n of_o this_o kingdom_n if_o what_o be_v lose_v to_o the_o company_n in_o their_o revenue_n arise_v in_o india_n they_o be_v like_a to_o accrue_v to_o their_o successor_n but_o their_o rent_n at_o fort_n st._n george_n fort_n st._n david_n and_o at_o bombay_n be_v produce_v from_o the_o particular_n follow_v viz._n from_o 5_o l._n per_fw-la cent._n custom_n on_o all_o private_a person_n good_n import_v or_o export_v by_o sea_n from_o licenses_n for_o sell_v company_n yet_o that_o new_a company_n ought_v not_o to_o trade_n during_o the_o three_o year_n by_o reason_n his_o majesty_n have_v covenant_v to_o the_o contrary_n year_n the_o bill_n empower_v any_o new_a corporation_n or_o subscriber_n to_o trade_n even_o during_o the_o say_v three_o year_n concurrent_a with_o the_o company_n other_o but_o with_o this_o disadvantageous_a difference_n that_o the_o company_n must_v send_v out_o every_o year_n a_o hundred_o thousand_o pound_n in_o woollen_a manufacture_n and_o the_o new_a subscriber_n none_o the_o company_n must_v deliver_v to_o the_o king_n 500_o tun_n of_o salt_n petre_n at_o a_o undervalue_n the_o new_a subscriber_n none_o they_o be_v charge_v with_o tax_n for_o their_o capital_a stock_n the_o new_a subscriber_n be_v exempt_v by_o the_o act_n from_o payment_n of_o tax_n the_o company_n must_v maintain_v their_o fort_n and_o castle_n and_o the_o new_a subscriber_n will_v have_v a_o equal_a benefit_n in_o the_o trade_n so_o that_o this_o unequal_a burden_n be_v in_o effect_n immediate_o deprive_v they_o of_o the_o trade_n and_o it_o be_v plain_a from_o this_o inequality_n although_o they_o be_v allow_v three_o year_n they_o can_v thereby_o reap_v no_o benefit_n and_o it_o be_v likewise_o humble_o lay_v before_o your_o lordship_n that_o though_o the_o present_a company_n consist_v of_o many_o person_n of_o figure_n in_o the_o nation_n and_o of_o substance_n as_o be_v evident_a from_o the_o proposal_n they_o make_v of_o raise_v the_o two_o million_o and_o from_o the_o subscription_n of_o 200,000_o l._n to_o ascertain_v the_o say_a proposal_n complete_v in_o two_o hour_n yet_o so_o large_a a_o body_n as_o they_o be_v consist_v of_o 420_o old_a and_o 781_o new_a adventurer_n beside_o those_o which_o hold_v stock_n in_o other_o man_n name_n which_o make_v near_o double_a the_o number_n bill_n do_v also_o contain_v very_o many_o people_n who_o be_v by_o no_o mean_n able_a to_o bear_v so_o great_a a_o loss_n as_o the_o consequence_n of_o this_o act_n must_v unavoidable_o bring_v upon_o they_o the_o company_n therefore_o humble_o crave_v leave_v to_o offer_v that_o there_o be_v among_o they_o some_o hundred_o of_o family_n many_o of_o which_o be_v widow_n and_o orphan_n who_o have_v no_o other_o subsistence_n but_o their_o interest_n in_o this_o stock_n who_o utter_a ruin_n this_o bill_n if_o it_o take_v effect_n must_v certain_o occasion_n but_o it_o be_v more_o especial_o hope_v that_o the_o noble_a mind_n of_o your_o lordship_n will_v be_v strike_v with_o compassion_n when_o in_o your_o wisdom_n you_o consider_v the_o deplorable_a condition_n of_o some_o hundred_o of_o the_o new_a adventurer_n who_o charter_n in_o 1693_o 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the_o public_a that_o they_o have_v still_o carry_v on_o the_o trade_n bill_n during_o a_o long_a war_n and_o since_o the_o new_a subscription_n have_v pay_v in_o custom_n 295,000_o l._n and_o in_o tax_n beside_o tax_n for_o the_o current_a year_n 85,000_o l._n they_o do_v likewise_o supply_v his_o majesty_n in_o holland_n with_o 6000_o barrel_n of_o gunpowder_n upon_o a_o very_a press_a occasion_n and_o they_o subscribe_v at_o a_o time_n of_o great_a extremity_n 80,000_o l._n to_o the_o circulate_v of_o exchequer_n bill_n at_o the_o instance_n of_o the_o lord_n of_o the_o treasury_n the_o principal_a person_n of_o the_o company_n promote_a the_o say_a subscription_n very_o much_o among_o the_o other_o adventurer_n which_o be_v then_o judge_v a_o important_a service_n may_v it_o please_v your_o lordship_n it_o appear_v manifest_o 1_o sy_n that_o the_o company_n have_v a_o right_n to_o the_o trade_n to_o india_n by_o several_a charter_n of_o which_o no_o breach_n have_v be_v assign_v 2_o lie_v that_o their_o last_o charter_n be_v make_v pursuant_n to_o several_a regulation_n propose_v and_o resolve_v in_o the_o honourable_a the_o house_n of_o commons_o 3_o lie_v that_o the_o say_v regulation_n contain_v provision_n advantageous_a to_o the_o crown_n and_o beneficial_a to_o trade_n in_o general_n and_o particular_o to_o the_o woollen_a manufacture_n of_o which_o there_o be_v no_o care_n take_v in_o the_o bill_n depend_v 4_o lie_v that_o the_o company_n have_v make_v a_o proposal_n to_o advance_v the_o two_o million_o intend_v to_o be_v raise_v by_o the_o say_a bill_n which_o proposal_n they_o afterward_o ascertain_v by_o a_o subscription_n of_o 200,000_o l._n subject_n to_o forfeiture_n in_o case_n of_o failure_n 5_o lie_v that_o the_o kingdom_n may_v lose_v very_o considerable_o beside_o their_o foot_n and_o settlement_n in_o those_o part_n which_o will_v be_v a_o irrecoverable_a loss_n by_o this_o sudden_a dissolution_n of_o the_o charter_n with_o many_o right_n and_o privilege_n which_o the_o present_a company_n now_o have_v in_o india_n persia_n and_o other_o place_n 6_o lie_v that_o the_o bill_n make_v no_o provision_n for_o settlement_n of_o a_o stock_n to_o carry_v on_o the_o trade_n for_o want_v of_o which_o in_o process_n of_o time_n it_o may_v be_v lose_v to_o england_n 7_o lie_v that_o it_o admit_v foreigner_n into_o the_o benefit_n and_o mystery_n of_o the_o trade_n which_o may_v produce_v bad_a effect_n 8_o lie_v that_o the_o bill_n do_v not_o seem_v frame_v with_o encouragement_n sufficient_a to_o bring_v in_o the_o intend_a subscription_n 9_o lie_v that_o during_o the_o three_o year_n in_o which_o the_o company_n be_v allow_v to_o traffic_n the_o trade_n be_v put_v upon_o such_o a_o unequal_a foot_n between_o they_o and_o the_o general_n society_n erect_v by_o the_o bill_n that_o during_o the_o say_a term_n the_o company_n can_v reap_v no_o advantage_n from_o the_o trade_n 10_o lie_v that_o many_o hundred_o family_n have_v their_o whole_a fortune_n depend_v in_o the_o stock_n of_o the_o present_a company_n who_o must_v be_v entire_o ruin_v if_o this_o bill_n take_v effect_n all_o which_o matter_n be_v due_o weigh_v and_o consider_v it_o be_v humble_o hope_v your_o lordship_n will_v find_v it_o reasonable_a to_o reject_v the_o say_a bill_n sign_v by_o order_n of_o the_o say_a governor_n and_o company_n robert_n blackborne_n secretary_n the_o east-india_n company_n first_o incorporate_v in_o the_o 43_o q._n eliz._n for_o 15_o year_n her_o reason_n for_o so_o do_v and_o in_o the_o 7_o jac._n 1_o forever_o 13_o car._n 2_o 1661._o their_o former_a privilege_n confirm_v with_o a_o clause_n that_o no_o other_o shall_v have_v the_o liberty_n of_o trade_n to_o india_n beside_o the_o company_n the_o company_n make_v lord_n proprietor_n of_o bombay_n 20_o car._n 2._o whereupon_o great_a sum_n have_v be_v expend_v by_o they_o to_o strengthen_v it_o st._n helena_n grant_v as_o their_o perpetual_a propriety_n 25_o car._n 2._o all_o their_o former_a privilege_n confirm_v by_o charter_n 2_o jac._n 2._o the_o company_n have_v expend_v above_o a_o million_o on_o the_o credit_n of_o these_o charter_n in_o fortification_n etc._n etc._n for_o the_o benefit_n of_o their_o trade_n they_o have_v a_o revenue_n of_o 44000_o l._n a_o year_n also_o several_a fort_n and_o settlement_n and_o privilege_n in_o india_n both_o lord_n and_o commons_o have_v voted_n the_o trade_n to_o india_n shall_v be_v in_o a_o joint-stock_n exclusive_a his_o majesty_n message_n to_o the_o house_n of_o commons_o with_o the_o judge_n opinion_n touch_v the_o company_n charter_n the_o company_n not_o pay_v their_o tax_n the_o 25_o march_v 1693_o their_o charter_n be_v question_v whereupon_o his_o majesty_n the_o 12_o of_o may_n order_v a_o new_a charter_n to_o grant_v which_o the_o interloper_n oppose_v before_o the_o queen_n and_o council_n it_o be_v not_o seal_v till_o the_o 7_o the_o of_o october_n 1693._o a_o charter_n of_o regulation_n 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