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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 DiſCourt of Aſſiſtants for the Payment of the Preſent com&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.