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<DATE>2009-03-05</DATE>
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<NAME>Mona Logarbo</NAME>
<RESP>MURP</RESP>
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<ITEM>Proofed and reviewed as part of batch B090212.pdcc.</ITEM>
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<IDG S="marc" R="UM" ID="A95508">
<STC T="W">T3</STC>
<BIBNO T="umi">99899400</BIBNO>
<VID>153361</VID>
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<TEXT LANG="eng">
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<DIV1 TYPE="text">
<PB N="1" REF="1"><!-- PDF PAGE 52 -->
<HEAD>Con&s;iderations on the Trade of <HI>Africa,</HI> Humbly Offer'd to the Mo&s;t Hon|ourable Hou&s;e of <HI>LORDS,</HI> in behalf of the Bill now before them.</HEAD>
<P>THE Trade to <HI>Africa</HI> is allowed to be of Con&s;equence &s;ufficient to de&s;erve an Extraordinary Care. <NOTE PLACE="marg">The Trade of Con&s;equence.</NOTE> The pre&s;ent Que&s;tion is not whether it &s;hould be Pre&s;erved or not. but how it may be mo&s;t Advantageous to <HI>England,</HI> and the Colonies.</P>
<P>To manage the Trade in a Company without a Stock &s;eems both improper and impracticable, <NOTE PLACE="marg">Company Without a Stock impra|cticable.</NOTE> on many Accounts; in particular, on Account of the Charge of Forts, Ca&s;tles, and Treaties with the Petty Kings of the Country, which is very Chargeable, and alwayes requiring Secre&s;ie and Expedition; and al&s;o to prevent the De&s;igns of other <HI>Europeans,</HI> who have Forts and Ca&s;tles on the &s;ame Coa&s;t: And if they could po&s;&s;e&s;s them&s;elves of our Forts and Ca&s;tles, would &s;oon become Ma&s;ters of the whole Trade, and exclude us.</P>
<P><HI>And it is remarkable,</HI> <NOTE PLACE="marg">All Nations &s;upport Forts and Ca&s;tles by a Joynt-Stock.</NOTE> That where Forts and Ca&s;tles are nece&s;&s;ary for the Pre&s;ervation of the Trade, no Nation what&s;oever have a Company without a Joynt-Stock.</P>
<P>The Ca&s;e of the <HI>Levant Company</HI> is otherwi&s;e: They need no Forts and Ca&s;tles, being under Protection of a Government willing to Treat with, and able to Defend them.</P>
<P>So that were it not for the Forts and Ca&s;tles, which only an Incorporated Company, Trading upon a Joynt-Stock, can main|tain, Foreigners in&s;tead of leaving us any &s;hare in that Trade, would ingro&s;s the whole. Nor is it to be &s;uppo&s;ed, that Private Per&s;ons can, upon their Narrow and Uncertain Funds, contend again&s;t the Power and Craft of tho&s;e other <HI>European</HI> Nations who manage their Traffick thither by a Joynt-Stock, <HI>viz. French, Dutch, Danes, Hamburghers,</HI> &amp;c.</P>
<P>But a Company, <NOTE PLACE="marg">A Company Regulated with a Joynt-Stock mo&s;t beneficial.</NOTE> with a Stock, to manage the Trade, allowing all Per&s;ons the Freedom of Trade, on certain Limitations and Con|ditions which may put them and the Company upon equal Charge in Trade, &s;eems the mo&s;t Rea&s;onable and Ea&s;ie Way, both to Pro|mote and Pre&s;erve the Trade it &s;elf in General, and the true Intere&s;t of the Colonies and Private Traders in Particular. For,</P>
<PB N="2" REF="2"><!-- PDF PAGE 53 -->
<P N="1">1. By this Means the Forts and Ca&s;tles, which defend the Trade, will more certainly be Maintained, for the Company will be bound to that, to &s;ecure their own Goods and Trea&s;ure.</P>
<P N="2">2. The Colonies will be certainly bettered by it; for the &s;upply of Negroes will be more certain, and in greater Numbers: Nor can they be impo&s;ed upon in Price, becau&s;e they, and all other Per|&s;ons, may fetch them, if they think fit.</P>
<P N="3">3. If a Trade is carried on by a Company without a Stock, every Man is at Liberty whether he will Trade or no: And if the Publick Affairs &s;hould make it very Hazardous or Unprofitable, they will decline Trade, and then the Forts and Ca&s;tles mu&s;t con&s;equently be lo&s;t. For if few Ships &s;hould be &s;ent thither, too little would be rai&s;ed to uphold the Forts and Ca&s;tles, which mu&s;t alwayes be &s;upplyed with Men, Provi&s;ion, Stores and Ammunition from <HI>England:</HI> Whereas a Company, with a Stock, mu&s;t Trade to imploy their Stock in War as well as Peace, and maintain the Forts and Ca&s;tles for the Security of their Trade and Effects in the mo&s;t dangerous Times, at the greate&s;t Expence, as the pre&s;ent <HI>African Company</HI> have done in the late War.</P>
<P N="4">4. A Company with a Stock, with Liberty for others to Trade on Equal Charge, hath many Advantages to the Publick, by increa|&s;ing Trade, and by making room for Gentlemen, Widows, Orphans, or any Per&s;ons out of Trade, to imploy their Moneys, and will give the Private Traders opportunity to improve their Stock and Indu&s;try, to the Advantage of them&s;elves in particular, and the Nation in ge|neral.</P>
<P>Since then the pre&s;ent Bill gives Liberty to all His Maje&s;ties Sub|jects to Trade at a like Charge, <NOTE PLACE="marg">Pre&s;ent Com|pany may de|&s;erve the E&s;ta|bli&s;hment by this Bill pro|po&s;ed.</NOTE> the Pre&s;ent Company &s;eems to de|&s;erve at lea&s;t this Method of Settlement in the Bill pre&s;cribed, who have for Twenty Six Years pa&s;t maintained the Trade, and pre&s;erved the Forts and Ca&s;tles at their own Charge, and have bought and built the Forts and Ca&s;tles they now po&s;&s;e&s;s, have as a Company paid Eleven Thou&s;and Five Hundred Thirty Pound Eight Shillings Taxes during this War, have &s;unk their Original Stock to maintain the &s;aid Forts to &s;upport the Trade, and have never divided above 3 <HI>per Cent. Communibus annis,</HI> and have during this War lo&s;t above Two Hundred Thou&s;and Pounds <HI>Sterling</HI> in indeavouring to carry on this Trade, and notwith&s;tanding the &s;carcity of Money, and the &s;aid great Lo&s;&s;es, in the Year 1693 rai&s;ed the further Sum of Seventy Two Thou&s;and Three Hundred and Forty Pounds for the pre&s;erving the &s;aid Forts, Ca&s;tles, and Trade, whil&s;t &s;ome who oppo&s;e Settling the Trade have Enjoyed it without any Charge; And &s;ince the Peace have rai&s;ed the further Sum of Fifty Seven Thou&s;and Ninety Six Pounds for the carrying on the &s;aid Trade. By which 'tis hum|bly conceived they have given a very good A&s;&s;urance, that under &s;uch a Company the Trade can never be lo&s;t, but the Forts and Ca&s;tles will be &s;upplied in the mo&s;t dangerous Times.</P>
<PB N="3" REF="2"><!-- PDF PAGE 53 -->
<P>And yet by this Bill all Per&s;ons may Trade, and their Factors and their Effects, be equally protected paying but an equal propor|tion for the &s;upport of tho&s;e Forts and Protection of the Common Trade.</P>
<P>The Company is by this Bill al&s;o oblig'd to give a true Account upon Oath of all Moneys Received and Paid on the Account of the &s;aid Charge, <NOTE PLACE="marg">The Company to Account for what they Re|ceive and Pay.</NOTE> and to admit any Per&s;on on behalf of the Pri|vate Traders to in&s;pect at all times the Accounts of their own Export, and of Moneys laid out for the Maintenance of the &s;aid Forts and Ca&s;tles.</P>
<P>All which is humbly &s;ubmitted to the Con&s;ideration of this Mo&s;t Honourable Hou&s;e.</P>
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<PB REF="3" MS="y"><!-- PDF PAGE 54 -->
<P>Con&s;iderations on the Trade of <HI>Africa,</HI> Humbly Offer'd to the Mo&s;t Honourable Hou&s;e of <HI>Lords,</HI> in behalf of the Bill now before them.</P>
<PB REF="3"><!-- PDF PAGE 54 -->
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