of Record as elsewhere, notwithstanding any Non-recital, Mis-recital, Defect, Incertainty, or Imperfection, in these Our Letters Patents.
To be passed without Fee in the Hanaper.And Our Will and Pleasure is, that these Presents, under Our Great Seal of England, shall be, in due Manner, made and sealed, without Fine or Fee, great or small, to Us, in Our Hanaper, or elsewhere, to Our Use, therefore anyways to be rendered, paid, or made.
Will grant any further lawful Powers and Privileges upon Request.And We do hereby, for Us, Our Heirs and Successors, covenant, grant, and agree, to and with the said Company, and their Successors, that We, Our Heirs and Successors, shall and will, from Time to Time, and at all Times hereafter, upon the humble Suit and Request of the said Company, and their Successors, give and grant, unto them, all such farther and other Powers, Privileges, Authorities, Matters and Things, which We or they, can Or may lawfully grant, and as shall be reasonably advised, and devised, by the Council learned of the same Company, and their Successors, for the Time being, and shall be approved by Our Attorney, or Solicitor General, on Our Behalf. In Witness whereof. We have caused these Our Letters to be made Patents. Witness Thomas Archbishop of Canterbury, and the Rest of the Keepers and Justices of the Kingdom, at Westminster The Fifth Day of September, in the Tenth Year of Our Reign.
By Writ of Privy Seal,
The Union of the Two Companies.
The two English East India Companies united. ON the Twenty-second oi July, 1T02, an Indenture Tripartite was made bettween Queen Anne of the First Part; the Old Company of the Second Par; and the New Company of the Third Part; The Substance of which is as follows :
| £ | |
| The Old Company, being possessed in the late Subscription of | 315,000 |
| And the New Company of | 1,662,000 |
| And the separate Traders of | 23,000 |
| Making in all the Subscription for the Loan of | £2,000,000 |
| 1st. It is agreed between the companies, that, the Old, Company shall purchase of the New Company, at par, £673,500 of their Stock, whereby their whole Stock will be | 988,500 |
| Leaving the like Sum for the New Company, viz | 998,000 |
| And the separate Traders's above, have | 23,000 |
| 2,000,000 |
2d. That the whole Trade to India shall be carried On with the said United Stock for Seven Years, for the Benefit of all the Members of the New Company; the Old Company to have a Right and Power equal to all the rest of the Members, in the Management of the Trade, during the said Seven Years, but to keep their Stock in their Politic or Corporate Capacity, for the said Term, without transferring it to their particular Members.
3d. The Old Company's Dead Stock (defined to be the Forts, Factories, Buildings, &c, that is, any Thing but Money, Ships, and Merchandize), being valued at £330,000; the Dead Stock of the New Company valued at £70,000; the New Company shall therefore pay £130,000, to the Old Company, for making up £200,000 for their Moiety of the whole Dead Stock, being now £400,000, which is intended to be a new additional Stock on the joint bottom.
4th. But the Old Company, during the said seven Years, shall have the Use of their Dead Stock at Home, [that is, their Office and Warehouses in Leadenhall Street, &c.]; and then it is to go to the United Company, [the Old Company ceasing to be a Company at the end of the said Seven Years] con. prehending the Proprietors of both Companies.
