I. BEcause that all the Subjects of England have an equal Right to Trade to the East-Indies by the Laws of the Land , and which the Honourable House of Commons have lately Declared and Asserted .

II. Because that the Establishing this Company would give away that Right to a few Men only , which belongs to all the Subjects of England ; and thereby exclude all the rest from it for 21 Years .

III. Because that this Honourable House have in two Sessions o● Parliament made two Solemn Addresses to have this Company Dissolved , it 's humbly su●posed , Their being Established contrary to their said Addresses , cannot be thought Merit sufficient to recommend them to such an Establishment .

IV. Because it would be so great a Service to the Dutch , to have a Company Establisht on so ill a Foundation ; which would be so much less able to contest with them in that Trade , than a New Company founded on a National Bottom , with a clear Stock of Two Millions ; that the Dutch might afford to furnish the Money , which is proposed to be advanced for .

V. Because that the confirming this Companies Charter , would give them such Powers as are not fit to be trusted in any Subjects ; much less in those who have already so much abused them , and by colour thereof have been guilty of such Arbitrary Proceedings , as well on the Lives , Liberties and Estates of their Fellow-Subjects , as to the Natives of India : and for some of which , they have been justly Censured in Parliament .

VI. Because that it would countenance by a Law , one of the greatest Cheats that ever yet was practised ; and that only to serve the Private Ends of a few Men , who have been the Promoters of it ; and by their Arts and Tricks have procured New Subscriptions to be made to their Old Stock , which they knew was worth nothing : and the better to Decoy in others , have given Security , to some to make their 90 l. worth 100 l. in 6 Months time .

VII . Because this Proposal is not made by the Company , or with their Consent , nor so much as a General Court called , to propose it to them ; but is managed and promoted by those Security-Men , who now want the Credit of an Act of Parliament : to make them a saving Bargain , by raising the Stock : that so they may either Sell out , or not have it put upon them with so great a Loss .

VIII . Because there is no assurance , that this Proposal will be complied with ; for many of the Adventurers are so far from approving of it , that they publickly express their dislike thereof . So that if it should be offered by the House , it may not perhaps be accepted .

IX . Because it would Establish in a few Men of the Old Company , the greatest part of all that Trade , and give them , and such only as they please , the whole Power and Management of it ; as they have had for several Years past , and have now lately secured to themselves by their New Charter ; by reducing the Votes from 500 l. to 1000 l. and having ten Votes for 10000 l. which the New Subscribers would now gladly retrieve ; and to that end have made Regulations , which the Governing-Men will not agree to : and the New Subscribers and the Old disagreeing about their New Regulations , if any of them them should get into the Committee at the Election in April next , they may perhaps be too nice in examining into the Particulars of the large Articles expended for Secret Service , and discover the miserable state of the Companys condition ; which would occasion the Stock to fall , unless it can be thus Supported .

X. Because , that at the Return of the two Ships , which were sent to the East-Indies by particular Men last year , the true state of the Companies Condition will then appear ; and the fear of the consequence of having the truth thereof discovered , which they know is so bad , is the great Reason , That they are now so Solicitous to obtain an Establishment by Act of Parliament .

XI . Because no other Reasons are given by those who promote the Confirming this Company , for so doing ; but only their Lending 60000 l. without Interest to be advanced in three Years , and be Re-paid out of their own Customs : Which by a reasonable Computation cannot be supposed to amount to near so much as they have Paid for Secret Service , but is nevertheless more than they can perform , unless their Friends the Dutch help them to it , or that they procure others to Lend it for them : a Practice with which they have been well acquainted , when they have pretended to make Loans to Their Majesties ; and have lately given by their Emissaries , 1 or 2 per Cent. more than the King Paid , to procure the Money to be lent in their Members Names , by those who otherwise would have lent it to the Government themselves without any such Compensation , so that the Publick has had no Advantage by their pretended Loans .

XII . Because that this is not a raising of Money for the Crown , but only a Borrowing of it , by anticipating the Revenue which is already Granted .

XIV . Because , that if the Honourable House of Commons should incline ( which it's humbly hoped they will not ) to Confirm this Company , with an Exclusion of the Right of all the Subjects of England , whom this Honourable House represents ; only for their Lending 600000 l. If the same Method were to be taken in Raising Money on other Foreign Trades of this Kingdom , several Millions might be Raised thereby ; and there are Persons who would make Proposals for the East-India Trade to be Settled in a New Company , far more Considerable and Advantageous to the Publick , than what are now made for the Old Company .