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| Statute | Page |
For the regaining, encouraging, and settling the Greenland Trade. | 4 W. & M. c. 17. | 405 |
Power given to Persons mentioned in the Act to raise a Joint Stock of £40,000. | §1. | 406 |
The said Persons made a Corporation. | §2. | Ib. |
To have a Common Seal, and capable to purchase Lands, &c. not exceeding £100 per Ann. | Ib. | Ib. |
The Company may trade to Greenland, &c. Exception of American Plantations. | §3. | Ib. |
A Governor, &c. to be chosen. | §4. | Ib. |
A Book of Subscription, and each Subscriber to subscribe not less than £500, not more than £2,000. | § 5. | Ib. |
Money subscribed, how and when to be paid, within 4 Years. | § 6. | 407 |
See further, 7 & 8 W. III. c. 33. § 1. | | |
Defaulters to enjoy only in proportion to Money actually paid. | §7. | Ib. |
Defaulters to forfeit £10 per Cent. on default, to be deducted out of what they have paid. | § 8. | Ib. |
Choice of Governor and Deputy Governor, and Committees. | § 9. | Ib. |
Oath to be taken by Governor and Deputy Governor. | § 10. | Ib. |
Oath to be taken by Committees. | § 11. | Ib. |
Subscriber of less than £500 no Vote, of £500 One Vote, of £1,000 and upwards, Two Votes. | § 12. | Ib. |
Oath to be taken by Subscribers. | § 13. | 408 |
Governors, &c. to be chosen annually—Proceedings. | § 14. | Ib. |
Governor, Deputy Governor, and Committees, to take the Oaths of Stat. 1 W. & M. Sess. 1. c. 8. | § 15. | Ib. |
By whom such Oaths are to be administered. | Ib. | Ib. |
General Courts and Committees, how to be called. | §16. | Ib. |
The Subscribers at a Court may make Bylaws. | §17. | Ib. |
Notice of calling a Court. | Ib. | Ib. |
By-laws to be observed, and not to be repugnant to Law. | Ib. | Ib. |
The Sales of Goods to be public. | § 18. | 409 |
Once a Year at least, and by Inch of Candle. | Ib. | Ib. |
No Lot more than £300. | Ib. | Ib. |
The Monies arising from Sales to be fully applied. | Ib. | Ib. |
Dividends to be in Money; Shares may be assigned by Entry in a Book kept for that Purpose, and may be devised. | § 19. | Ib. |
Book open to Inspection. | Ib. | Ib. |
Transfers made otherwise, void. | Ib. | Ib. |
No Person to sell a greater Share than he really hath. | § 20. | Ib. |
Sales of Shares not perfected within Ten Days void. | § 21. | Ib. |
Ships to Greenland may be navigated with One-third English, and yet not to pay any further Custom. | § 22. | Ib. |
Greenland Ships not to have the Benefit of this Act, unless victualled for the said Voyage, and proceed direct. | 4W. § M. c.17. §23. | 410 |
To be attested by Collector. | Ib. | Ib. |
Corporation to continue for 14 Years from 1st October 1693. | §24. | Ib. |
This Act a Public Act. | §25. | Ib. |
The Trade laid open, 1Ann. Stat. 1. c. 16. See 10 G. I. c. 16. which is extended to Davis's Streights for 7 Years, 12 G.I. c. 26. § 7.expired. | | |