Selected quad for the lemma: land_n
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A38195
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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.
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England and Wales. Parliament.
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1693
(1693)
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Wing E2503; ESTC R32900
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21,455
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28
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Answ This is such a Constraining Proposition as was never made to any Company all Companies having Ships of their own and hired Ships and best know when to use the one or the other and there are few Merchants considerable in Europe that have not both And it was never thought or found Political to put Trade into such strait-laced Bodies which instead of making it grow upright and prosper will either kill it or force it to grow awry This was the Language with which the Late Company treated those Honourable Lords calling some of their Propositions Impossible as well as Vnjust others Notoriously Prejudicial to the Nation one Without any Shadow of Reason or Equity another A Trick another A most Impolitick Notion c. Having Answered the aforesaid Propositions the Company humbly desire that the following Propositions may be Considered FIrst If any Alteration should be made of the present Constitution by His Majesty the same Men viz. Interlopers and their Adherents and such as have sold their Stock at high rates and then cry down the Company to fright the Adventurers and come in again at low rates whether such sort of Men after His Majesty hath granted a New Charter will not to serve another turn Exclaim against it in defamation of His Majesties just Prerogative Secondly Whether any thing such Men have said that carries any appearanc of Truth be not the same again which was said above 20 years past and many times since in the two last Reigns and as often Answered and Confuted Thirdly Whether the Spirit of Clamour and Opposition against the Company which centers in some few known Persons whether those persons be men of better Fortune or more regular Lives or greater Prudence or otherwise preferrible to the present Adventurers in the East-India-Company-Stock Fourthly Whether considering the two Wars this Company have grappled with in India and a worse kind of Civil Broil the Interlopers forced them to more pernicious to the Company than both the Wars in India whether the Company notwithstanding their said Pressures hath not Managed their Affairs to as much National Advantage and Profit to their Fellow-Adventurers as any East-India Company in Europe Fifthly That without Restraint Cramping or taking Care for Rotaions or Changes in the East-India Company the whole Stock without such forced Political Restrictment or Limitation is in a kindly natural and continual Changing Motion in so much that the Value of the Stock once in Two Years or therabout changes Owners and there is not now in the present Committee Three Men that were of the Committee above Twenty Years past Sixthly That the present Governour Sir Thomas Cook about Nine Years past had no Stock at all nor Sir Joseph Herne the late Governour about 20 years past nor Sir William Langhorne now one of the greatest Adventurers 4 years since and several other Considerable Adventurers not above 2 years past they came in by several Purchases and many at much dearer Rates than the present Price Currant of the Stock and there is now of the present Committee Five Worthy Persons very late Purchasers which were never of the Committee before this Year Seventhly If it be thought by any that Envy the Companies good Fortune that some few of the Company are too Rich and Powerful in the Committee the Company answer that to Cure that if it be a Fault there needs no new Laws nor Articles in any Charter for a very few years will cure that without such preternatural force for that the Sons of such Men were never known to succeed their Fathers in the painful Fatigue of the Companies Affairs but did always settle themselves upon an easier course of Life by a Revenue in Land Eighthly If there be some of the present Adventurers that had Courage enough to keep their Stock and never Sold any part thereof during all those violent and unreasonable Attempts that have been made against the Company whether such persons do not rather Deserve the Thanks which the Roman Senate gave Terentius Varro quod non Desperasset de Republica than any Blame Ninthly The Company nor peradventure any great business in the World did ever Thrive where some One or Two Men or very few did not arrive to so much Reputation as Machiavel calls it as to be able to moderate the Councils of the Common-wealth or Society so it 's now in the Netherlands East-India Company and so it was ever in the English East-India Company except for the first Seven years after the last Change in which seven Years the Stock and the Companies Affairs dwindled almost to Nothing until Sir William Thompson deceased a Gentleman of Famous Prudence and Integrity arrived at that Reputation that in effect he Governed the whole affair of the Company until the day of his Death and under his said Conduct the Companies Affairs did Revive and Prosper and have since his Death more increased by happy Methods derived from his Wisdom originally His worthy Son and Posterity are now settled upon Estates in Land and have no concern in the Company Signed by Order of the Court of Committes Rob. Blackborne East-India House 20th May 1692. Whereupon the next Session viz. Lunae 14. die Novembris 1692. Sir Edward Seymour acquaints the House that he had a Message from His Majesty in Answer to the Address of this House the last Sessions in relation to the East-India Company the which he delivered in Writing at the Table where the same was read in these Words viz. THE House of Commons having Presented an Address to the King to Dissolve the Present East-India Company according to the Power reserved in their Charter and to Constitute a New One His Majesty took into Consideration the Proper Methods of complying with their desires and of Securing effectually this Advantageous Trade to the Nation But His Majesty upon Examination of the Charter and consulting His Judges and Learned Council found that He could not Legally Dissolve the Company but upon Three Years Warning and that during the three years after warning the Company must subsist and might continue to Trade and that tho' the King might constitute a New Company yet He could not empower such New Company to Trade â—till after Three Years the Crown having expresly Covenanted not to Grant any such Liberties Hereupon His Majesty was very apprehensive of the ill consequences of giving warning to the Company because they would be then less solicitous of promoting the true interest and advantage of the Trade whereof they could not long reap the fruits and that no New Company could be immediately admitted to it So that this very Beneficial Trade which is already so much impaired might be in danger of being entirely lost to the Nation His Majesty being very desirous to prevent so great a mischief and to gratifie the House of Commons in the end since He could not do it without great hazard in the manner they proposed required the East-India Company to answer directly whether they
Granting unto the said Governour and Company and their Successors full Power and Authority to ask * With a Power to sue for and recover the same sue for and recover the same by all lawful ways and means whatsoever either in the Name of Us Our Heirs or Successors or in the Name of the said Company or otherwise as Law or Equity shall require or admit of and to retain the same to their own use and benefit upon under and subject to the Trusts Intents and Purposes herein after mentioned as fully and amply to all intents and purposes as if the said first Quarterly payment of the said Tax had been duely and regularly made into our Exchequer according to the said late Act of Parliament in that behalf * Provided that all the Manors Lands Goods and Estate of the said Company shall be and are made subject and chargeable with all their Debts to any persons as well Subjects as Strangers Provided always and it is intended and agreed and Our Express Will and Pleasure is That the said Governour and Company hereby constituted and their Successors and all the Mannors Lands Tenements Goods Wares Merchandizes Chattels real Chattels personal and other the Premisses hereby granted and confirmed or mentioned to be granted and confirmed and every of them and every part and parcel thereof shall be and are hereby made subject and lyable to and charged and chargeable with all and every such Debts and Sums of Money Duties and Demands whatsoever in Law or Equity which the said Governour and Company or late Governour and Company do now owe or are indebted or subject or liable to or which at any time before or on the said 24th day of March now last past or since did owe or were indebted or subject or liable to any person or persons whatsoever as well Our Natural Born Subjects and persons Endenized or Naturallized as Aliens and Strangers and that the same shall and may be Sued for and recovered in such and the like manner to all intents and purposes as if the said first Quarterly Payment of the said Tax had been duly and regularly made into our Exchequer according to the said late Act of Parliament in that behalf and as if the said former Charters had not been forfeited or made void And our further Will and Pleasure is and we do by these presents for us Our Heirs and Successours Grant unto the said Governour and Company or late Governour and Company of Merchants of London Trading into the East-Indies and their Successors That these Our Letters Patents and all and singular the Powers Clauses and Grants therein contained shall be and continue sufficient and available in Law and shall be construed and taken as well to the meaning and intent as to the general words of the same most beneficially and for the best advantage of the said Governour and Company or late Governour and Company and their Successors under and subject to the Proviso's Restrictions and Limitations herein and in the said former Letters Patents contained Notwithstanding the not mentioning or not true reciting of any former Grants Charters or Letters Patents heretofore Granted to the said late Governour and Company or any of their Predecessors by any of the late Kings or Queens of England or any other person or persons whatsoever or the not mentioning or reciting of any Castles Forts Plantations Lands Powers Liberties Priviledges Advantages or other matters or things in the said Grants or Letters Patents or any of them granted or mentioned to be granted or confirmed * Provided if the said Company do not on the 25 Decemb. next Pay 9300 L. into thâ— Exchequer for the last Quarterly Payment of their Tax t is Châ—rter shall be void Provided alwayes and these Presents are and shall be upon this Condition That if the said Governour and Company hereby Constituted shall not Pay into the Receipt of Our Exchequer at Westminster for Our Use upon the 25 day of December next ensuing the Date hereof the full Summ of Nine Thousand Three Hundred Pounds of good and lawful Money of England in lieu and satisfaction for the last of the Four Quarterly Payments appointed to be paid unto Us by the late East-India Company by virtue of the Act of Parliament herein before-mentioned for Charging of Joint-Stocks Then and from thence-forth these Presents and all things herein Contained shall cease determin and be utterly void to all intents and purposes any thing herein contained to the Contrary notwithstanding In Witness whereof We have caused these Our Letters to be made Patents Witness Our Selves at Westminster the Seventh day of October in the Fifth Year of Our Reign Pigott By Writ of Privy Seal FINIS