Letters patent of William and Mary to the Governor and Company of Merchants of London, trading into the East-Indies, confirming and renewing privileges, 11 Nov 1693 Charter 11 Nov 1693.

Format:

Book

Contributor:

British Library, owner.

Language:

English

Subjects (All):

Mary II, Queen of England, 1662-1694.

Mary.

William III, King of England, 1650-1702.

William.

East India Company--History--Sources.

East India Company.

Letters patent--England--Early works to 1800.

Letters patent.

Genre:

Charters and articles of incorporation

Physical Description:

1 online resource.

Production:

[Place of production not identified] : [producer not identified], 1693.

Notes:

AMDigital Reference: IOR/A/1/48

In the 1680s merchants excluded by the Company' s monopoly from trading to the east were becoming increasingly dissatisfied. Several formed themselves into an association popularly known as the 'new company' and in 1691 both companies presented their cases to Parliament. In an effort to reach a compromise, Parliament resolved to increase the capital of the 'old company' but to limit the amount of stock that could be held by any individual member. Shortly afterwards the old company inadvertently failed to pay a tax that had been imposed on joint-stock companies and thereby forfeited its charter. This charter supplements IOR/A/1/46 and stipulates that the Company's capital is doubled but that the amount able to be held by an individual is limited to £10,000. See also the other supplementary charter in IOR/A/1/49.Copies of this document can be found in IOR/A/1/20A and IOR/A/1/23.

Title from publisher's website.

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