Selected quad for the lemma: state_n

Word A Word B Word C Word D Occurrence Frequency Band MI MI Band Prominent
state_n council_n majesty_n privy_a 1,209 5 9.6979 5 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
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

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

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 NEVV CHARTER LONDON Printed in the Year MDCXCIII AN ACCOUNT Of some TRANSACTIONS in the Honourable House of Commons and before the Right Honourable Lords of the Committee of the Kings most Honourable Privy Council relating to The Late East-India Company Sabbati 6. die Februarii 1691. Resolved THat an Humble Address be made to His Majesty to Dissolve the present East-India Company according to His Power reserved in their Charter and to Constitute another East-India Company for the better preserving the East-India Trade to this Kingdom in such manner as His Majesty in His Royal Wisdom shall think fit Resolved That the said Address be presented by the whole House Jovis 11. die Februarii 1691. Mr. Speaker Reported to the House That he did yesterday Present to His Majesty their Humble Address touching the East-India Company and that His Majesty was pleased to Express himself to this Effect That it was a matter of very great Importance to the Trade of this Kingdom and that it could not be expected that he should give a present Answer to it but that He would take time to consider of it and in a short time give them His Positive Answer Upon which some Time after the Company having first agreed to submit to such Regulations as should be made and Declared their Submission in Writing The Right Honourable the Lords of the Committee of His Majesties most Honourable Privy Council to whom that matter was Referred agreed on these following Propositions which were sent to the Company Viz. PROPOSITIONS For Regulating the East-India Company from the Right Honourable the Earl of Nottingham their Majesties Principal Secretary of State I. Proposition THE Fund to be made up 1500000 at least and not to Exceed Two Millions II. Prop. The Stock of the present Company to be part of this Fund and to be rated at 744000 l. if they can give Security that it shall effectually produce that Sum or else at so much less as they will engage to make good after all Debts paid and Satisfaction made to the Mogull and his Subjects against whose Pretentions the New Stock to be indemnified by like Security III. Prop. That the said Stock of the present Company shall be brought home any time within Years in the Ships abroad or those to be sent on Account of the New Stock paying the same Freight and disposed of at Publick Sales by the Members of the present Company and the nett proceed thereof to be taken as part of the 744000 l. as shall also the Value of their Forts c. to be estimated by indifferent persons and put into the hands of the Charter Company but after day no Goods to be Exported to the East-Indies on Account of the Old Stock IV. Prop. That whatever the quick and dead Stock shall thus produce more than 744000 l. shall be divided wholly between the Members of the present Company proportionably to their respective Stocks V. Prop. Books to be provided for New Subscriptions within and then the Books to be closed VI. Prop. If the Subscriptions exceed two Millions each Subscriber to be Reduced proportionably till the whole make but Two Millions VII Prop. That every Subscriber pay in his Money upon pain VIII Prop. No one person to have above 10000 l. in this Stock in his own or others Name in Trust for him and every Subscriber shall make Oath accordingly and that it is his own Money IX Prop. That every Member of the present Company who hath above 10000 l. Stock shall Sell forthwith the over-plus at the Rate of 100 l. for 100 l. but so that if the whole nett proceed of the present Stock exceed 744000 l. this overplus shall go to the person that hath sold his overplus Stock proportionably to the Share he had before such Sale X. Prop. No person to have a Vote that hath in his own Right and not in Trust less than 500 l. Stock nor more than One Vote unless he hath 4000 l. and then 2 Votes and if 6000 l. 3 Votes 8000 l. 4 Votes and 10000 l. 5 Votes XI Prop. All Members of the present Company and new Subscribers to be Incorporated by the name of XII Prop. All who have or Subscribe 500 l. Stock to meet and choose a Governour Deputy and 24 Committees to manage the Trade none to be Governour or Deputy who hath or hath Subscribed less than 2000 l. Stock nor Committee 1000 l. Stock XIII Prop. The Governour Deputy and Committees to be chosen every year and if any Die within the year others to be chosen by a general Court XIV Prop. The Governour Deputy and Committees to take the Oath of Fidelity c. and also an Oath for the faithful Discharge of their Trust XV. Prop. That every one purchasing any Stock shall take his Freedom and before his admittance pay for a Fine and take the Oaths appointed XVI Prop. That all free of the former Company or capable to be so and all Subscribing to the present Stock shall be admitted gratis XVII Prop. That the Company hereby established may make By-Laws for their better Government That no By-Laws shall be binding to the Company but such as are approved by a General Court of Adventurers and are not repugnant to the Laws of the Land XVIII Prop. That every general Court and Committee be called by the Governor or Deputy at all which the Governour or Deputy shall be present and in case of equality of Voices shall have a Casting Voice XIX Prop. That the Company shall enjoy the sole Trade to the East-Indies in the several Countreys lying and being between the Cape de Bona Esperanza and the Streights of Magellan XX. Prop. That it shall not be Lawful for any save the said Company only directly or indirectly to Trade within the Limits granted to the said Company on pain of Forfeiting XXI Prop. That no Licence or Permission shall be granted to any Persons or Ships to Trade to the East-Indies on any private Account and that all such Permissions shall be void XXII Prop. That there shall be no private Contract for the Sale of any Goods but they shall be all Sold in Publick by Inch of Candle for the Companies Account XXIII Prop. That no Lot of any Goods to be Sold shall exceed the value of 500 l. XXIV Prop. Every year the Company shall deliver to their Majesties use 500 Tuns of Salt-Peter at per Tun if required the refraction not exceeding XXV Prop. That the Company shall yearly export to the East-Indies not less than the value of 100000 l. in Goods of the Product and Manufactures of England XXVI Prop. That all Dividends be made in Money XXVII Prop. That no Dividend be made without leaving the Original Fund or at least 1500000 l. besides what