A Short View of the Laws Now Subsisting with Respect to the Powers of the East India Company To Borrow Money under their Seal, and to Incur Debts in the Course of their Trade, by the Purchase of Goods on Credit, and by Freighting Ships or other Mercantile Transactions
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Reviews for A Short View of the Laws Now Subsisting with Respect to the Powers of the East India Company To Borrow Money under their Seal, and to Incur Debts in the Course of their Trade, by the Purchase of Goods on Credit, and by Freighting Ships or other Mercantile Transactions
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- Rating: 3 out of 5 stars3/5Short paper or pamphlet copyrighted 1767 but references 1768 internally. Concerns laws of the time for the British East India Company in incurring government backed debt. I think.
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A Short View of the Laws Now Subsisting with Respect to the Powers of the East India Company To Borrow Money under their Seal, and to Incur Debts in the Course of their Trade, by the Purchase of Goods on Credit, and by Freighting Ships or other Mercantile Transactions - Archive Classics
The Project Gutenberg EBook of A Short View of the Laws Now Subsisting
with Respect to the Powers of the East India Company, by Anonymous
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Title: A Short View of the Laws Now Subsisting with Respect to the Powers of the East India Company
To Borrow Money under their Seal, and to Incur Debts in
the Course of their Trade, by the Purchase of Goods on
Credit, and by Freighting Ships or other Mercantile
Transactions
Author: Anonymous
Release Date: August 14, 2011 [EBook #37082]
Language: English
*** START OF THIS PROJECT GUTENBERG EBOOK EAST INDIA COMPANY ***
Produced by Richard J. Shiffer and the Distributed
Proofreading volunteers at http://www.pgdp.net for Project
Gutenberg. (This file was produced from images generously
made available by The Internet Archive.)
Transcriber's Note
Every effort has been made to replicate this text as faithfully as possible, including obsolete and variant spellings and other inconsistencies. Text that has been changed to correct an obvious error is noted at the end of this ebook.
A
SHORT VIEW
OF THE
LAWS
Now subsisting with Respect to the Powers of the
EAST INDIA COMPANY
To borrow Money under their Seal, and to incur Debts in the Course of their Trade, by the Purchase of Goods on Credit, and by freighting Ships or other Mercantile Transactions.
LONDON:
Printed for W. Nicoll, in St. Paul's Church-Yard.
MDCCLXVII.
A short View, &c.
As many erroneous opinions have been industriously propagated with respect to the powers of the East India Company to contract debts, I think it a duty to the Company and to the public, to give a fair state of the laws now subsisting with respect to these matters, by which the prejudiced may be set to rights, the ignorant informed, and the malevolent deceivers of the public exposed and detected.
By act 9 and 10 William III. c. 44. § 75. the Company is allowed to borrow on the credit of the two millions lent to Government, but is restrained from borrowing any greater sums than shall be employed in their trade, without, however, any restriction as to the amount of such borrowing, only such borrowing must be under common seal.
By § 86 of the same statute, the Company is directed to take care that the sum total of its debts do not exceed the amount of its funds and