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The British in Banjarmasin: An Abortive Attempt at Settlement 1700–1707
Published online by Cambridge University Press: 24 August 2009
Extract
Early in July 1698 the royal assent was received to an Act of Parliament which sanctioned the formation of a corporation, called the General Society, whose subscribers were vested with exclusive rights to trade in the East. The ‘New’ Company obtained its Royal Charter in September 1698 under the name of ‘The English Company Trading to the Indies' and it was to superced the ‘Old’ Company which was given a three-year grace to wind up its business. The ‘Old’ Company was expected to liquidate its East Indian assets, dismantle its Asian factories and recall its servants by September 1701.
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References
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81. I wish to acknowledge the criticism and advice received from Dr. D.K. Bassett in the writing of this article.