East India Company Act 1803
| Jurisdiction | UK Non-devolved |
| Citation | 1803 c. 63 |
(43 Geo. 3) C A P. LXIII.
[24th June 1803]
‘Recital of ∥ 1. of Stat. 39Geo. 3. c. 89. directing that East India Company should employ no Ships but such as should be contracted for, for six Voyages—and also ∥ 5. of said Statute, providing that if a regular Ship be lost or captured before the Completion of her fifth Voyage, the Directors, on a full Investigation, might agree with the Owners to build another Ship:’
'And whereas Casts may occur in which Ships may be lost, and all on board may unfortunately perish, and the Occasion of such Loss, and all the Circumstances relating thereto, may remain wholly unknown and unaccounted for; and Doubts have arisen whether, in such Cases, the Court of Directors may lawfully agree with the Owners of such Ship to build another Ship for the Service of the said United Company, instead of the Ship so lost; and it is expedient that such Doubts should be removed;' be it therefore enacted and declared 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 in all Cases of the Loss of any regular Ship as above described, which, since the twentieth Day ofMarch One thousand seven hundred and ninety-six, hath been engaged in the regular Service of the said United Company, or which now is or hereafter shall be engaged in the said Service for six Voyages, before the Completion of her fifth Voyage, it was and is lawful to and for the said Court of Directors to agree with the Owners of such Ship so lost to build another Ship for the Service of the said Company, of the same Class, instead of the Ship so lost, in such Manner, and subject to such Terms, as in the said recited Act are mentioned: Provided always, that the Impossibility of inquiring satisfactorily into the Loss of such Ship from all on board having perished, and the Occasion and Circumstances relating thereto being wholly unknown, shall be first decided on by eighteen Directors at the least...
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