East-India trade This text is an enriched version of the TCP digital transcription B02939 of text R174837 in the English Short Title Catalog (Wing E104A). Textual changes and metadata enrichments aim at making the text more computationally tractable, easier to read, and suitable for network-based collaborative curation by amateur and professional end users from many walks of life. The text has been tokenized and linguistically annotated with MorphAdorner. The annotation includes standard spellings that support the display of a text in a standardized format that preserves archaic forms ('loveth', 'seekest'). Textual changes aim at restoring the text the author or stationer meant to publish. This text has not been fully proofread Approx. 3 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. EarlyPrint Project Evanston,IL, Notre Dame, IN, St. Louis, MO 2018 B02939 Wing E104A ESTC R174837 51784517 ocm 51784517 174928 2240891433

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Early English books online. (EEBO-TCP ; phase 1, no. B02939) Transcribed from: (Early English Books Online ; image set 174928) Images scanned from microfilm: (Early English Books, 1641-1700 ; 2706:5) East-India trade 1 sheet ([1] p.) s.n., [London : 1698] Date and place of publication suggested by Wing (2nd ed.). Reproduction of original in: Bodleian Library. eng East India Company -- Early works to 1800. Colonial companies -- Great Britain -- Early works to 1800. Corporations -- Great Britain -- Early works to 1800. Great Britain -- Commerce -- India -- 17th century -- Early works to 1800. Broadsides -- England -- London -- 17th century eebo East-India trade. One of the opinions of the Committee appointed to consider how to preserve the East-India trade to the nation, ... [no entry] 1698 1 472 0 0 0 0 0 0 0 A This text has no known defects that were recorded as gap elements at the time of transcription. 2008-05 Assigned for keying and markup 2008-08 Keyed and coded from ProQuest page images 2008-09 Sampled and proofread 2008-09 Text and markup reviewed and edited 2009-02 Batch review (QC) and XML conversion
EAST-INDIA TRADE

ONe of the Opinions of the Committee appointed to consider how to preserve the East-India Trade to the Nation , being ( as discoursed of abroad ) that a Stock not less than Fifteen Huudred Thousand Pounds ; and not exceeding Two Millions , shall be raised by Subscriptions for the carrying on of that Trade , the true settling of which , as it may probably prove to the mighty Advantage of such the Subscribers to it ; so it can bring no Benefit but a Prejudice rather , to all others not therein concerned . Now ,

This not yet being Resolved in the House ,

That a New Company may be Established according to such Regulations as have been Voted in the Committee , and shall be Agreed in the House .

That the same shall be Managed by a Number of Persons ( not exceeding Forty ) to be Chosen by Parliament , to whom they shall be Accountable .

That that Number of Persons shall be Impowered to take up Money at Interest not exceeding 1500000 l for carrying on of the Trade .

That the Stock so taken up and Employed , shall be liable to pay the Interest of the said Money and Principal when it can be done , and that there may be no fear of Raising Money enough to well carry on thus the East-India Trade .

That there shall be settled for ever , one single Months Tax in a year , after the rate of 70000 l per Mensem as a Fund to a perpetual Interest at 5 per Cent of 1400000 l but not to be raised but when found needfull by the Persons appointed to Manage the Trade .

So that besides the Money Employed in this Trade , and the Profit of it , out of which the Interest of the Money to be Borrowed for the carrying it on , may be easily paid here will be Land Security as a perpetual Fund for the Interest settled , so that should the Stock fail , the Lenders will be secure , which will give the Conpany such a Credit , they can never want Money at the lowest Interest that any where it can be had . And ,

Thus the Profits first arising , may go to clear the Money first Borrowed , and after that is paid , to the Owners of Land in Proportions to their Estates as Rated to this single Months Tax ; and it may be hence hoped , that after the first five or six years , without paying one Penny , the Nation in general may have the whole Benefit of this great East-India Trade .