East India Company Act 1770

JurisdictionUK Non-devolved
Citation1770 c. 47
Anno decimo G E O R G I I III. Regis. An Act for better regulating Persons employed in the Service of theEast-India Company,and for other Purposes therein mentioned.

(10 Geo. 3) C A P. XLVII.

'W H E R E A S by an Act passed in the Seventh Year of the Reign of His late Majesty KingGeorge the First, intituled, An Act for the further preventing His Majesty's Subjects from trading to the East Indies under Foreign Commissions, and for encouraging and further securing the lawful Trade thereto; and for further regulating the Pilots of Dover, Deal, and the Isle of Thanet; it was amongst other Things enacted, That it should and might be lawful to and for His Majesty's Attorney General for the Time being, at the Relation of the said Company, or by his own Authority, to exhibit a Bill or Bills of Complaint in His Majesty's Court of Exchequer, against any Person or Persons trading, dealing, trafficking, or adventuring, at any Time from and after the said Twenty-fourth Day of June , One thousand seven hundred and twenty-one, in, to, or from the East Indies , or Places therein before mentioned, contrary to Law; or against any Person or Persons concerned as Agent, Factor, or Copartner with such illegal Traders; for discovering of such their trading, dealing, trafficking, and adventuring, and for Recovery of such Duties and Damages as are therein and herein after mentioned; waving or disclaiming, in every such Bill, all the Penalties and Forfeitures, incurred by such Person or Persons for the Matters in such Bill or Bills contained; and that such Person or Persons should answer the said Bill or Bills, and not plead or demur to the Discovery thereby sought; and pay to His Majesty the Customs and Duties of the Goods and Merchandizes arising, produced, or purchased by the said unlawful Trade, Traffick, or Adventuring; and should answer and pay to the said Company for the same Thirty Pounds per Centum according to the Value thereof in England : And whereas the said Sum of Thirty Pounds per Centum so enacted to be paid to the said United Company, as and for Damages on account of such illicit Trade as aforesaid, hath been found inadequate and insufficient for preventing the said illicit Trade, and for making good to the said Company the Damage they have sustained thereby: Now, for the more effectually preventing such illicit Trade, and for making a better Compensation or Recompence to the said United Company, by way of Damages, for any Loss or Prejudice they may sustain by the illicit Practices aforesaid,' be it enacted by the King's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That from and after the passing of this Act, all and every Person or Persons, Adventurer or Adventurers, prosecuting or concerned in such illicit Trade, Traffick, and Dealings as aforesaid, shall, over and besides the Duties and Customs by Law payable to His Majesty, forfeit and pay to the said United Company the Sum of One hundred Poundsper Centum , according to the Value, in England , of the Goods, Merchandizes, and Effects, so illicitly traded, trafficked, or dealt in, instead and in lieu of the said Sum of Thirty Pounds per Centum , mentioned in the said Act; which said Sum of One...

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