An account of some transactions in the honourable House of Commons, and before the right honourable Lords of the King's most honourable Privy Council, relating to the late East=India Company together with the said companies new charter.

PROPOSITIONS For Regulating the East-India Company, from the Right Honourable the Earl of Nottingham, their Majesties Principal Secretary of State.

• I. Proposition. THE Fund to be made up 1500000 at least, and not to Exceed Two Millions.
• II. Prop. The Stock of the present Company to be part of this Fund, and to be rated at 744000 l. if they can give Security, that it shall effectually produce that Sum, or else at so much less, as they will engage to make good, after all Debts paid, and Satisfaction made to the Mogull and his Subjects, against whose Pretentions, the New Stock to be indemnified by like Security.
• III. Prop. That the said Stock of the present Company shall be brought home any time within 〈1 span left blank〉〈1 span left blank〉 Years, in the Ships abroad, or those to be sent on Account of the New Stock, paying the same Freight, and disposed of at Publick Sales, by the Members of the present Com∣pany,

• and the nett proceed thereof to be taken as part of the 744000 l. as shall also the Value of their Forts, &c. to be estimated by indiffe∣rent persons, and put into the hands of the Charter Company, but after〈1 span left blank〉〈1 span left blank〉day no Goods to be Exported to the East-Indies, on Account of the Old Stock.
• IV. Prop. That whatever the quick and dead Stock shall thus pro∣duce more than 744000 l. shall be divided wholly between the Members of the present Company proportionably to their respective Stocks.
• V. Prop. Books to be provided for New Subscriptions within and then the Books to be closed.
• VI. Prop. If the Subscriptions exceed two Millions, each Subscri∣ber to be Reduced proportionably, till the whole make but Two Mil∣lions.
• VII. Prop. That every Subscriber pay in his Money upon pain —
• VIII. Prop. No one person to have above 10000 l. in this Stock in his own or others Name, in Trust for him, and every Subscriber shall make Oath accordingly, and that it is his own Money.
• IX. Prop. That every Member of the present Company, who hath above 10000 l. Stock, shall Sell forthwith the over-plus, at the Rate of 100 l. for 100 l. but so, that if the whole nett proceed of the pre∣sent Stock exceed 744000 l. this overplus shall go to the person that hath sold his overplus Stock, proportionably to the Share he had before such Sale.
• X. Prop. No person to have a Vote that hath in his own Right, and not in Trust, less than 500 l. Stock, nor more than One Vote, unless he hath 4000 l. and then 2 Votes, and if 6000 l. 3 Votes, 8000 l. 4 Votes, and 10000 l. 5 Votes.
• XI. Prop. All Members of the present Company, and new Subscri∣bers to be Incorporated by the name of
• XII. Prop. All who have, or Subscribe 500 l. Stock, to meet and choose a Governour, Deputy and 24 Committees to manage the Trade, none to be Governour, or Deputy, who hath, or hath Subscribed less than 2000 l. Stock, nor Committee〈1 span left blank〉〈1 span left blank〉1000 l. Stock.
• XIII. Prop. The Governour, Deputy, and Committees to be cho∣sen every year, and if any Die within the year, others to be chosen by a general Court.
• XIV. Prop. The Governour, Deputy, and Committees to take the Oath of Fidelity, &c. and also an Oath for the faithful Discharge of their Trust.
• XV. Prop. That every one purchasing any Stock shall take his Free∣dom, and before his admittance pay〈1 span left blank〉〈1 span left blank〉for a Fine, and take the Oaths appointed.
• XVI. Prop. That all free of the former Company, or capable to be

• so, and all Subscribing to the present Stock, shall be admitted gratis.
• XVII. Prop. That the Company hereby established, may make By-Laws for their better Government, That no By-Laws shall be binding to the Company but such as are approved by a General Court of Adven∣turers, and are not repugnant to the Laws of the Land.
• XVIII. Prop. That every general Court and Committee be called by the Governor, or Deputy, at all which the Governour or Deputy shall be present, and in case of equality of Voices shall have a Casting Voice.
• XIX. Prop. That the Company shall enjoy the sole Trade to the East-Indies, in the several Countreys lying and being between the Cape de Bona Esperanza, and the Streights of Magellan.
• XX. Prop. That it shall not be Lawful for any, save the said Com∣pany only, directly or indirectly to Trade within the Limits granted to the said Company, on pain of Forfeiting
• XXI. Prop. That no Licence or Permission shall be granted to any Persons or Ships to Trade to the East-Indies on any private Account, and that all such Permissions shall be void.
• XXII. Prop. That there shall be no private Contract, for the Sale of any Goods, but they shall be all Sold in Publick by Inch of Candle for the Companies Account.
• XXIII. Prop. That no Lot of any Goods to be Sold, shall exceed the value of 500 l.
• XXIV. Prop. Every year the Company shall deliver to their Majesties use 500 Tuns of Salt-Peter, at〈1 span left blank〉〈1 span left blank〉per Tun if required, the refraction not exceeding
• XXV. Prop. That the Company shall yearly export to the East-Indies, not less than the value of 100000 l. in Goods, of the Product and Manufactures of England.
• XXVI. Prop. That all Dividends be made in Money.
• XXVII. Prop. That no Dividend be made without leaving the Origi∣nal Fund, or at least 1500000 l. besides what is necessary to pay their Debts.
• XXVIII. Prop. That the said Companies Accomptant keep a Book to enter the Value of the Stock upon Oath, to lie Open for the perusal of all persons concerned.
• XXIX. Prop. That all Transferrs of Stock shall be Registred and Entred in a Book, to lie open to all persons concerned.
• XXX. Prop. That the said Joint-Stock shall continue for 21 years and no longer.
• XXXI. Prop. That a Book of new Subscriptions be laid open for a succeeding new General Joint-Stock before the expiration of the said 21 years appointed for this Stock.

• XXXII. Prop. That the Company be obliged for the better and more secure carrying on of their Trade to have〈1 span left blank〉〈1 span left blank〉Ships of their own.