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state_n council_n majesty_n privy_a 1,209 5 9.6979 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
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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a_o account_n of_o some_o transaction_n in_o the_o honourable_a house_n of_o commons_o and_o before_o the_o right_n honourable_a lord_n of_o the_o king_n be_v most_o honourable_a privy_a council_n relate_v to_o the_o late_a east-india_n company_n together_o with_o the_o say_a company_n new_a charter_n london_n print_v in_o the_o year_n mdcxciii_o a_o account_n of_o some_o transaction_n in_o the_o honourable_a house_n of_o commons_o and_o before_o the_o right_n honourable_a lord_n of_o the_o committee_n of_o the_o king_n most_o honourable_a privy_a council_n relate_v to_o the_o late_a east-india_n company_n sabbati_fw-la 6._o die_v februarii_fw-la 1691._o resolve_v that_o a_o humble_a address_n be_v make_v to_o his_o majesty_n to_o dissolve_v the_o present_a east-india_n company_n according_a to_o his_o power_n reserve_v in_o their_o charter_n and_o to_o constitute_v another_o east-india_n company_n for_o the_o better_a preserve_v the_o east-india_n trade_n to_o this_o kingdom_n in_o such_o manner_n as_o his_o majesty_n in_o his_o royal_a wisdom_n shall_v think_v fit_a resolve_v that_o the_o say_a address_n be_v present_v by_o the_o whole_a house_n jovis_n 11._o die_v februarii_fw-la 1691._o mr._n speaker_n report_a to_o the_o house_n that_o he_o do_v yesterday_o present_a to_o his_o majesty_n their_o humble_a address_n touch_v the_o east-india_n company_n and_o that_o his_o majesty_n be_v please_v to_o express_v himself_o to_o this_o effect_n that_o it_o be_v a_o matter_n of_o very_o great_a importance_n to_o the_o trade_n of_o this_o kingdom_n and_o that_o it_o can_v not_o be_v expect_v that_o he_o shall_v give_v a_o present_a answer_n to_o it_o but_o that_o he_o will_v take_v time_n to_o consider_v of_o it_o and_o in_o a_o short_a time_n give_v they_o his_o positive_a answer_n upon_o which_o some_o time_n after_o the_o company_n have_v first_o agree_v to_o submit_v to_o such_o regulation_n as_o shall_v be_v make_v and_o declare_v their_o submission_n in_o write_v the_o right_a honourable_a the_o lord_n of_o the_o committee_n of_o his_o majesty_n most_o honourable_a privy_a council_n to_o who_o that_o matter_n be_v refer_v agree_v on_o these_o follow_a proposition_n which_o be_v send_v to_o the_o company_n viz._n proposition_n for_o regulate_v the_o east-india_n company_n from_o the_o right_n honourable_a the_o earl_n of_o nottingham_n their_o majesty_n principal_a secretary_n of_o state_n i._o proposition_n the_o fund_z to_o be_v make_v up_o 1500000_o at_o least_o and_o not_o to_o exceed_v two_o million_o ii_o prop._n the_o stock_n of_o the_o present_a company_n to_o be_v part_n of_o this_o fund_z and_o to_o be_v rate_v at_o 744000_o l._n if_o they_o can_v give_v security_n that_o it_o shall_v effectual_o produce_v that_o sum_n or_o else_o at_o so_o much_o less_o as_o they_o will_v engage_v to_o make_v good_a after_o all_o debt_n pay_v and_o satisfaction_n make_v to_o the_o mogul_n and_o his_o subject_n against_o who_o pretension_n the_o new_a stock_n to_o be_v indemnify_v by_o like_a security_n iii_o prop._n that_o the_o say_a stock_n of_o the_o present_a company_n shall_v be_v bring_v home_o any_o time_n within_o year_n in_o the_o ship_n abroad_o or_o those_o to_o be_v send_v on_o account_n of_o the_o new_a stock_n pay_v the_o same_o freight_n and_o dispose_v of_o at_o public_a sales_n by_o the_o member_n of_o the_o present_a company_n and_o the_o net_n proceed_v thereof_o to_o be_v take_v as_o part_v of_o the_o 744000_o l._n as_o shall_v also_o the_o value_n of_o their_o fort_n etc._n etc._n to_o be_v estimate_v by_o indifferent_a person_n and_o put_v into_o the_o hand_n of_o the_o charter_n company_n but_o after_o day_n no_o good_n to_o be_v export_v to_o the_o east-indies_n on_o account_n of_o the_o old_a stock_n iu_o prop._n that_o whatever_o the_o quick_a and_o dead_a stock_n shall_v thus_o produce_v more_o than_o 744000_o l._n shall_v be_v divide_v whole_o between_o the_o member_n of_o the_o present_a company_n proportionable_o to_o their_o respective_a stock_n v._o prop._n book_n to_o be_v provide_v for_o new_a subscription_n within_o and_o then_o the_o book_n to_o be_v close_v vi_o prop._n if_o the_o subscription_n exceed_v two_o million_o each_o subscriber_n to_o be_v reduce_v proportionable_o till_o the_o whole_a make_v but_o two_o million_o vii_o prop._n that_o every_o subscriber_n pay_v in_o his_o money_n upon_o pain_n viii_o prop._n no_o one_o person_n to_o have_v above_o 10000_o l._n in_o this_o stock_n in_o his_o own_o or_o other_o name_n in_o trust_n for_o he_o and_o every_o subscriber_n shall_v make_v oath_n according_o and_o that_o it_o be_v his_o own_o money_n ix_o prop._n that_o every_o member_n of_o the_o present_a company_n who_o have_v above_o 10000_o l._n stock_n shall_v sell_v forthwith_o the_o overplus_n at_o the_o rate_n of_o 100_o l._n for_o 100_o l._n but_o so_o that_o if_o the_o whole_a net_n proceed_v of_o the_o present_a stock_n exceed_v 744000_o l._n this_o overplus_n shall_v go_v to_o the_o person_n that_o have_v sell_v his_o overplus_n stock_n proportionable_o to_o the_o share_v he_o have_v before_o such_o sale_n x._o prop._n no_o person_n to_o have_v a_o vote_n that_o have_v in_o his_o own_o right_n and_o not_o in_o trust_n less_o than_o 500_o l._n stock_n nor_o more_o than_o one_o vote_n unless_o he_o have_v 4000_o l._n and_o then_o 2_o vote_n and_o if_o 6000_o l._n 3_o vote_n 8000_o l._n 4_o vote_n and_o 10000_o l._n 5_o vote_n xi_o prop._n all_o member_n of_o the_o present_a company_n and_o new_a subscriber_n to_o be_v incorporate_v by_o the_o name_n of_o xii_o prop._n all_o who_o have_v or_o subscribe_v 500_o l._n stock_n to_o meet_v and_o choose_v a_o governor_n deputy_n and_o 24_o committee_n to_o manage_v the_o trade_n none_o to_o be_v governor_n or_o deputy_n who_o have_v or_o have_v subscribe_v less_o than_o 2000_o l._n stock_n nor_o committee_n 1000_o l._n stock_n xiii_o prop._n the_o governor_n deputy_n and_o committee_n to_o be_v choose_v every_o year_n and_o if_o any_o die_v within_o the_o year_n other_o to_o be_v choose_v by_o a_o general_n court_n fourteen_o prop._n the_o governor_n deputy_n and_o committee_n to_o take_v the_o oath_n of_o fidelity_n etc._n etc._n and_o also_o a_o oath_n for_o the_o faithful_a discharge_n of_o their_o trust_n xv._o prop._n that_o every_o one_o purchase_v any_o stock_n shall_v take_v his_o freedom_n and_o before_o his_o admittance_n pay_v for_o a_o fine_a and_o take_v the_o oath_n appoint_v xvi_o prop._n that_o all_o free_a of_o the_o former_a company_n or_o capable_a to_o be_v so_o and_o all_o subscribe_v to_o the_o present_a stock_n shall_v be_v admit_v gratis_o xvii_o prop._n that_o the_o company_n hereby_o establish_v may_v make_v by-law_n for_o their_o better_a government_n that_o no_o by-law_n shall_v be_v bind_v to_o the_o company_n but_o such_o as_o be_v approve_v by_o a_o general_n court_n of_o adventurer_n and_o be_v not_o repugnant_a to_o the_o law_n of_o the_o land_n xviii_o prop._n that_o every_o general_a court_n and_o committee_n be_v call_v by_o the_o governor_n or_o deputy_n at_o all_o which_o the_o governor_n or_o deputy_n shall_v be_v present_a and_o in_o case_n of_o equality_n of_o voice_n shall_v have_v a_o cast_a voice_n xix_o prop._n that_o the_o company_n shall_v enjoy_v the_o sole_a trade_n to_o the_o east-indies_n in_o the_o several_a country_n lie_v and_o be_v between_o the_o cape_n de_fw-fr bona_n esperanza_n and_o the_o strait_n of_o magellan_n xx._n prop._n that_o it_o shall_v not_o be_v lawful_a for_o any_o save_o the_o say_a company_n only_o direct_o or_o indirect_o to_o trade_n within_o the_o limit_n grant_v to_o the_o say_a company_n on_o pain_n of_o forfeit_v xxi_o prop._n that_o no_o licence_n or_o permission_n shall_v be_v grant_v to_o any_o person_n or_o ship_n to_o trade_n to_o the_o east-indies_n on_o any_o private_a account_n and_o that_o all_o such_o permission_n shall_v be_v void_a xxii_o prop._n that_o there_o shall_v be_v no_o private_a contract_n for_o the_o sale_n of_o any_o good_n but_o they_o shall_v be_v all_o sold_n in_o public_a by_o inch_n of_o candle_n for_o the_o company_n account_v xxiii_o prop._n that_o no_o lot_n of_o any_o good_n to_o be_v sell_v shall_v exceed_v the_o value_n of_o 500_o l._n xxiv_o prop._n every_o year_n the_o company_n shall_v deliver_v to_o their_o majesty_n use_n 500_o tun_n of_o salt-peter_n at_o per_fw-la tun_n if_o require_v the_o refraction_n not_o exceed_v xxv_o prop._n that_o the_o company_n shall_v yearly_o export_v to_o the_o east-indies_n not_o less_o than_o the_o value_n of_o 100000_o l._n in_o good_n of_o the_o product_n and_o manufacture_n of_o england_n xxvi_o prop._n that_o all_o dividend_n be_v make_v in_o money_n xxvii_o prop._n that_o no_o dividend_n be_v make_v without_o leave_v the_o original_a fund_z or_o at_o least_o 1500000_o l._n beside_o what_o