A Scheme or Model for Erecting and Establishing a New National East India Joint Stock or Company
The East India Company was founded in 1600 for the purpose of trading in South-East Asia, but its monopoly in that region soon raised concerns in England about the company’s influence. This anonymous treatise invoked clause 41 of the Great Charter – protecting the free movement of merchants – to challenge the East India Company’s monopoly as ‘absolutely against the right of the freeborn subject of England, no mean Infringement of Magna Charta’. To ensure that this clause was respected and that trading remained open to all English subjects, the author advocated the creation of a new company which would give wider opportunities to investors. Although a rival company was established in 1698, by 1709 it had merged with the existing East India Company, which maintained its monopoly well into the 19th century.
- Full title:
- `East India company Charters and Pamphlets': a collection of early printed documents and pamphlets on the trade to the East Indies; and one manuscript, dated 1690, entitled `A Scheme... for Erecting... a New National East India Joint Stock or Company... in a Letter to a worthy Member of Parliament' containing an attack on the old Company.
- Usage terms
Public Domain in most countries other than the UK.
- Held by
- British Library
- MSS/EUR D300
- Article by:
- Zoë Laidlaw
The British Empire lasted more than 300 years and spanned the globe. During this time, Magna Carta was used by imperialists to justify global ambition and by indigenous people to demand liberty and justice. Dr Zoe Laidlaw considers the significance of Magna Carta in relation to imperialism.
- Article by:
- Alice Rylance-Watson
- Military and maritime
In the late 18th century trade with China was an important emerging market for the East India Company, and the British Empire. Alice Rylance-Watson explores how the artist William Alexander engaged with China in his capacity as draughtsman to the first ever official embassy to the country.