PROPOSALS
FOR
A
more
Beneficial
and
Equal
Establishment
of
a
Regulated
Company
to
carry
on
the
Trade
to
the
East-Indies
.
THat
a
Company
be
Established
by
the
Name
of
The
Adventures
to
East-India
,
who
shall
have
Power
every
Year
to
choose
from
among
themselves
a
Governour
,
Deputy-Governour
,
and
Twenty
Four
Assistants
,
together
with
a
Treasurer
,
&c.
That
whosoever
pleaseth
may
at
all
times
become
a
Member
or
Free-man
of
the
said
Company
,
paying
for
his
Admittance
5
l.
(
more
or
less
)
as
shall
be
thought
fit
.
That
every
Free-man
of
the
said
Company
shall
have
liberty
to
Trade
to
any
part
of
the
East-Indies
,
when
,
and
how
,
and
for
as
much
as
he
pleaseth
;
paying
to
the
Treasurer
of
the
said
Company
Four
per
Cent.
on
all
Goods
and
Merchandizes
Imported
from
India
,
which
shall
be
Esteemed
or
Termed
a
single
Duty
.
That
the
Money
Paid
by
every
Member
of
the
said
Company
for
his
Freedom
,
and
the
Four
per
Cent.
paid
by
all
on
the
Goods
they
Import
,
shall
be
the
Stock
of
the
said
Company
.
That
the
said
Stock
of
the
Company
shall
be
Employed
and
Disposed
by
the
Court
of
Assistants
for
the
Payment
of
the
Present
company
for
their
Forts
,
&c.
And
for
Maintaining
an
Embassadour
at
the
Court
of
the
Great
Mogul
,
and
Consuls
in
the
Principal
Places
of
Trade
,
and
all
other
Publick
Charges
that
shall
be
found
Necessary
for
the
better
carrying
on
the
Trade
.
That
over
and
above
the
foresaid
single
Duty
of
Four
per
Cent.
on
all
Goods
imported
,
the
Governour
,
Deputy
,
and
Court
of
Assistants
,
shall
have
Power
to
raise
half
Duty
more
,
or
Double
the
Duty
,
according
as
the
Occasions
of
the
Company
may
from
time
to
time
require
.
The
Advantages
of
a
Company
thus
Regulated
,
above
that
of
a
Joynt-Stock
,
Viz.
-
I.
The
Mischief
as
well
as
the
Wrong
of
a
Monopoly
will
be
prevented
,
and
every
One
will
have
Freedom
to
Trade
as
he
sees
fit
,
whereby
the
Trade
will
be
extended
to
many
Places
yet
unfrequented
;
for
it
will
be
a
great
Incitement
to
Industry
and
Diligence
,
when
every
Man
may
reap
the
Fruits
of
his
own
Labours
.
-
II.
Greater
Quantities
of
our
Manufactures
will
be
Exported
,
and
the
makers
of
them
not
necessitated
to
Sell
them
to
Loss
,
as
they
often
are
,
when
there
is
but
one
Buyer
;
and
contrarily
Commodities
of
the
Growth
and
Manufacture
of
India
will
be
imported
more
plentifully
,
and
sold
cheaper
.
-
III.
By
such
an
Establishment
many
of
the
younger
Sons
of
Gentlemen
will
have
Opportunity
of
credible
and
advantagious
Employments
,
both
at
home
and
abroad
.
-
IV.
The
Revenues
fo
the
Crown
,
and
our
Navigation
will
be
hereby
very
much
encreased
.
-
V.
It
will
most
effectually
prevent
the
Mischiefs
that
may
arise
to
the
Trade
of
this
Nation
from
the
late
Act
of
Parliament
in
Scotland
,
for
Erecting
an
East-India
Company
.