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Cj" The Reports of the Commissioners of Public Accounts, the .Reports of the Committee to inquire into the Abuses in the Reveriue,' and the Report of the East-India Directors, are printed at the Encj pf the Lords' Debates.

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The following are Copies of Ms. Fox and Mr. Pitt'j Eastjndia

Bills.

A Bill for vesting the Affairs of the East-india Company in the Hands of certain Commissioners, for the Benefit of the Proprietors and the. Public. . .

WHEREAS disorders of an alarming nature and magnitude have long'prer failed, and do still continue and increase, in the management of the territorial possessions, the revenues, and the commerce of this kingdom in the East Indies; by. means whereof the prosperity of the natives hath been greatly diminished, and the valuable interests of this nation in the said territorial possessions, rever nues, and commerce, have been materially impaired, and would probably fall into utter ruin if an immediate and sitting remedy were not provided:

Be it therefore enacted by the King's most excellent Majesty, by and. with the advice and consent of the Lords Spiritual and Temporal, and the Commons, in this present Parliament assembled, and by the authority of the same, that the government and management of the territorial possessions, revenues, and commerce of the United Company of Merchants of England trading to the East Indies, by the Directors and Proprietors of the said Company, or either of them; and all and singular the powers and authorities of the said Directors and Proprietors, or of any special, or general, or other Court thereof, in the ordering and managing the said possessions, revenues, and commerce; and all elections of Directors of the said United Company, be, and are hereby declared to fee, discontinued, for and during the continuance of this act; any charter, usage, law, or statute to the contrary notwithstanding.

And be it further enacted by the authority aforesaid, That for the better governing, ordering, and managing the said territorial possessions, revenues, and commerce, the Right Honourable William Earl Fitzwilliam, the Right Honourable Frederick Montagu, the Right Honourable George Legge, commonly called Lord Viscount Lewisham, the Honourable George Augustus North, Sir Gilbert Elliot, Baronet, Sir Henry Fletcher, Baronet, and Robert Gregory, Esquire, shall be, and they are hereby constituted and appointed Directors of the said United Company, and (hall be, and they are hereby constituted members of the said Company; and that the said Directors hereby appointed, or any three of them, (hall have, use, possess, and exercise all and singular the powers and authorities which have been at any time heretofore vested in, or lawfully exercised by, the said Directors hereby discontinued, or Proprietors, or by the General Court of Proprietors of the said United Company, and all such farther and other powers and authorities, and under such directions, and subject to such linVitations and restrictions as in this act, or in any other act, the provisions whereof are not hereby altered or repealed, are contained, for the government and management of the said territorial possessions, revenues, and commerce of the said United Company, or in any wise relative thereto.

And be it further enacted by the authority aforelaid, That the said Directors hereby appointed shall, and they are hereby authorised and empowered, immediately from and after the commencement of this act,. to enter into and upon, and to possess themselves of all lands, tenements, houses, warehouses, and other buildings whatever, of or belonging to the said United Company; and also to

take

take into their custody and possession all books, records, documents, charters, acts, instruments, letters, and other papers whatsoever, and also all ships and vessels. goods, wares, merchandises, money, securities for money, and all other effects whatsoever, of or belonging to the said United Company, in trust for, and for the benesit of, the Proprietors thereof, and to have, hold, and pofless the fame, in like manner as they were held and possessed by the Directors hereby discontinued, subject to such charges, claims, and demands as do or may affect the fame; which Directors so discontinued, and all other officers and servants of the said United Company, are hereby enjoined, immediately upon the requisition of the said Directors hereby appointed, signisied under their hands and seals, or the hands and seals of any three of them, to deliver to them, or to such person or persons as they shall tor that purpose appoint, all such lands, tenements, houses, warehouses, buildings, books, records, documents, charters, acts, instruments, papers, ships, vessels, goods, wares, and merchandises, money, securities for money, and all other effects whatsoever.

And for the sole purpose of ordering and managing the commerce of the said United Company, under and subject to the orders and directions of the said Directors hereby appointed, be it further enacted by the authority aforesaid, That Thomas Cheap, Esquire, George Cuming, Esquire, Richard Hall, Esquire, John Harrison, Esquire, Joseph Sharp, Esquire, John Michie, Esquire, John Smith, Esquire, George Tatem, Esquire, and James Moffat, Esquire, being Proprietors, each of them of two thousand pounds capital stock in the said United Company, at least, shall be Assistant Directors, for the purpose last aforesaid; and shall, from time to time, without requisition, and also as often as they shall be thereunto required, render an account of their proceedings to the said Directors hereby appointed; and in all matters and things .whatsoever, sliall pursue and follow such orders and directions as they shall from time to time receive from such Directors.

And be it further enacted by the authority aforesaid, That in case any vacancy or vacancies shall happen in the office of the said Directors hereby appointed, by death, resignation, removal, or otherwise, such vacancy or vacancies shall be silled by His Majesty, under his sign manual, within twenty days after notice of such vacancy or vacancies shall have been given to one of His Majesty's principal Secretaries of State.

And be it further enacted by the authority aforesaid, That in case any vacancy or vacancies sliall happen in the office of the said Assistant Directors, by death, resignation, removal, or otherwise, such vacancy or vacancies shall be silled by the majority of the Proprietors of the said United Company, qualified In the manner required by an act of the thirteenth year of His present Majesty, intitled, . «' An act for establishing certain regulations for the better management of the affairs of the East-India Company, as well in India as in Europe;" which Proprietors, at such election of any Assistant Director, shall not vote by ballot, or in any other covert or concealed manner, but in an open Court, for that purpose only specially summoned; and every such Proprietor, in giving his or her vote, shall subscribe his ot her name in a book to be prepared for that purpose, under the name of the person for whom he or slie shall vote.

And be it further enacted by the authority aforesaid, That if sive of the said Directors hereby appointed, who shall be present at any meeting, sliall, upon enquiry, and after examination into .the conduct and behaviour of the said Assistant Directors, sind that any of them is guilty of neglect or misdemeanor in

. '' the the execution of his said office, or of wilful disobedience of any order or orders of the said Directors hereby appointed, they are hereby authorised and iinpowered to remove and displace such Assistant Directors; entering in their journals their reasons respectively for removing or displacing such Assistant Director, signed with their respective names.

And be it further enacted by the authority aforesaid, That the said William Earl Fitzwilliam shall be, during his continuance as a Director by virtue of this act, Chairman of the Board of Directors, and the said Right Honourable Frederick Montagu, Deputy Chairman thereof; and if the said Chairman shall die, resign, or be removed from such office of Director, at any time during the continuance of this act, then and in that cafe the said Deputy Chairman shall succeed to the office of Chairman of the said Board of Directors s and if the said Deputy Chairman, being become Chairman of the said Board of Directors, shall also die, resign, or be removed from the said office of a Director, then and in that case, and also in every other case of a vacancy in the office of a Chairman of the said Board of- Directors, the said Directors hereby appointed shall chuse and elect one of themselves to supply such vacancy; and if a vacancy, either by succession or otherwise, shall at any time happen in the said office of Deputy Chairman of the said Board of Directors, established by this act, the said Directors hereby appointed shall, in like manner, chuse and elect one Of themselves to supply such vacancy.

And be it further enacted by the authority aforesaid, That the said Chairman of the said Board of Directors, or, in his absence, the said Deputy Chairman, shall have power to call or summons any extraordinary meeting of the said Directors hereby appointed, at such time or times as he shall think expedient; and may, at any meeting whatever of such Directors, if he shall think fit, propose the business to be first considered by such Directors at such meeting; and in case of an equal division of voices on any question whatever before the said Board of Directors, shall have the casting voice: provided always, that nothing herein contained shall prevent the majority of such Directors present at any meeting from adjourning their meetings to luch time or times as they shall think proper.

"And be it further enacted by the authority aforesaid, That it shall not be lawful for the said Directors hereby appointed, or any of them, upon any guestion whatever, to vote by ballot, or in any other covert manner; and that in any difference of opinion, except as to the election to offices of persons not having before been in the-service of the said United Company, the said Directors (as well'the majority as those who shall dissent) shall each of them enter, on the journals of the said Directors, his reasons for his vote, signed with his name, or his adherence to the reasons entered by any other Director., ,

And be it further enacted by the authority aforesaid, That no person furnishing the said United Company with shipping, or with any article of their investment outwards, either from Great Britain, or from such ports and places as the Company's ships have occasion to touch at in their way to India, or With any naval or military stores, or concerned in buying and selling any commodity pf the said United ComPany'S importation, shall be capable of being a Doctor or Assistant Director for the execution of this act.

And be it also enacted by the authority aforesaid, That no person shall be capable of being a Director, or Assistant Director, for the execution of this act, ■'. against against whom the charge of any corrupt practice, peculation, or oppression io India, doth or shall appear in the records of the said United Company within the space of two years before the time of his nomination, or shall be made upon oath before the said Directors hereby appointed within the space of two years before the time of his nomination, until such Directors, or three of them, shall have examined into the fame, and shall have severally declared that they have examined into the said charge, and do in their conscience believe such person not guilty of the said charge; or that they do, upon the said examination, find the said charge not of sufficient importance to exclude the said person from the said office of Director or Assistant Director, as the cafe may be; and that they have entered upon their journals their reasons for such their opinion.

And be it further enacted by the authority aforesaid, That no person who hath been, now is, or shall hereafter be, in the service of the said United Company in India, shall be capable of being a Director, or Assistant Director, for the execution of this act, within the space of two years from the time of his last return from India.

And be it further enacted by the authority aforesaid, That the said Direc» tors hereby appointed shall, once in every fix months, lay before the Proprietors of the said United Company, in a general court to be for that purpose assembled, an exact state of the debts ana credits of the said United Company; the first cost and charges of their investments, outward and inward; with the sums of money in Indi^ applicable to an investment, according to the last accounts received thereform; an account of the shipping; an account of the produce of the sales; and the state of the warehouses at home and 'abroad.

And be it further enacted by the authority aforesaid, That the said Directors hereby appointed shall, within twenty days after the commencement of every session of Parliament, lay before the Lords Commissioners of his Majesty's Treasury (who are hereby authorised and required, without loss of time, to lay the fame before both Houses of Parliament) an account of the produce of the territorial and other revenues of the said United Company in India; and also estimates of the civil, military, and naval establishments there; together with a state of the bond and other debts due from the said United Company in India, distinguishing what belongs to each of the principal presidencies and settlements of the said United Company in India; and also the state of the trade, laid by the said Directors before the said Proprietors at their then last general court.

And be it further enacted by the authority aforesaid, That the said Directors hereby appointed, or the major part of them,' shall have full power and authority to remove, displace, suspend, appoint, confirm, or restore, all and every person or persons whatsoever, from or to any office, station, or capacity whatsoever, civil or military, in the service of the said United Company, 6r within the limits of the laid United Company's charters, or any of them, or any way concerned in the management of their affairs within this kingdom^ or in India, whether any such person or persons shall have been nominated of appointed in and by any act or acts of Parliament, or howsoever otherwise nominated or appointed: except as herein provided and established, as to the appointment aud removal of such Directors themselves, and of the said Assistant pirectors.

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