exercised and enjoyed, as against all Persons whomsoever, subject to the Superintendence, Direction, and Control herein-before mentioned, until the Thirtieth Day of April One thousand eight hundred and fifty-four.
From 22d April 1834, China and Tea Trade of Company to cease.III. Provided always, and be it enacted, That from and after the said Twenty-second Day of April One thousand eight hundred and thirty-four the exclusive Right of trading with the Dominions of the Emperor of China, and of Trading in Tea, continued to the said Company by the said Act of the Fifty-third Year of King George the Third, shall cease.
Company to close their Commercial Business, and to sell their Property not retained for Government.IV. And be it enacted, That the said Company shall, with all convenient Speed after the said Twenty-second Day of April One thousand eight hundred and thirty-four, close their Commercial Business, and make sale of all their Merchandize, Stores, and Effects at Home and Abroad, distinguished in their Account Books as Commercial Assets, and all their Warehouses, Lands, Tenements, Hereditaments, and Property whatsoever which may not be retained for the Purposes of the Government of the said Territories, and get in all Debts due to them on account of the Commercial Branch of their Affairs, and reduce their Commercial Establishments as the same shall become unnecessary, and discontinue and abstain from all Commercial Business which shall not be incident to the closing of their actual Concerns, and to the Conversion into Money of the Property herein-before directed to be sold, or which shall not be carried on for the Purposes of the said Government.
Company not prevented selling Goods the Property of others.V. Provided always, and be it enacted, That nothing herein contained shall prevent the said Company from selling, at the Sales of their own Goods and Merchandize by this Act directed or authorized to be made, such Goods and Merchandize the Property of other Persons as they may now lawfully sell at their public Sales.
Board of Control to superintend the Sale of the Property, Reduction of Establishments, &c. Board to appoint Officers to attend them during the winding-up.VI. And be it enacted, That the Board of Commissioners for the Affairs of India shall have full Power to superintend, direct, and control the Sale of the said Merchandize, Stores, and Effects, and other Property herein-before directed to be sold, and to determine from Time to Time, until the said Property shall be converted into Money, what Parts of the said Commercial Establishments shall be continued and reduced respectively, and to control the Allowance and Payment of all Claims upon the said Company connected with the Commercial Branch of their Affairs, and generally to superintend and control all Acts and Operations whatsoever of the said Company whereby the Value of the Property of the said Company may be affected; and the said Board shall and may appoint such Officers as shall be necessary to attend upon the said Board during the winding-up of the Commercial Business of the said Company; and that the Charge of such Salaries or Allowances as His Majesty shall, by any warrant or Warrants under His Sign Manual, countersigned by the Chancellor of the Exchequer for the Time being, direct to be paid to such Officers, shall be defrayed by the said Company, as herein-after mentioned, in addition to the ordinary Charges of the said Board.
The Company may consider Claims of CommercialVII. And be it enacted, That it shall be lawful for the said Company to take into consideration the Claims of any Persons now or heretofore employed by or under the said Company, or the