[The History of England from the Accession of James II. by Thomas Babington Macaulay]@TWC D-Link bookThe History of England from the Accession of James II. CHAPTER XXIV 181/237
The amount of the capital to be employed was not fixed by law; but it was provided that one half of the stock at least must be held by Scotchmen resident in Scotland, and that no stock which had been originally held by a Scotchman resident in Scotland should ever be transferred to any but a Scotchman resident in Scotland.
An entire monopoly of the trade with Asia, Africa and America, for a term of thirty-one years, was granted to the Company.
All goods imported by the Company were during twenty-one years to be duty free, with the exception of foreign sugar and tobacco. Sugar and tobacco grown on the Company's own plantations were exempted from all taxation.
Every member and every servant of the Company was to be privileged against impressment and arrest.
If any of these privileged persons was impressed or arrested, the Company was authorised to release him, and to demand the assistance both of the civil and of the military power.
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