Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1824-06-08

puteJ to these circumstances : that commerce
and navigation have not in every respect an
swercd our expectations, nor acquired the
stability TO be desired by commercial men
that hitherto they have been in great mea-
sure supported by our Government, but e.
ven this support has been found insufficient to
some OF the merchants. The result shows that
the mother country has not reaped the advan-
tagcs OF navigation and commerce established
on proper basis, at the same time that cur
trans-marine possessions have been exposed to
great dcpredations
We have therefore taken into onr most seri-
Gus consideration, and il is The object of ot,r
constant solicitudc, 10 apply remedy 10 this
state oil things, TO encourage agriculture and c.
very branch of industry, aud To give To the king
dom with the assistance of God, all the adyan-
tages winch IFS rank amonSstnations, its geogr,-
phlcal position and the Importance of its colo
mics, demand.
For tins purpose We must not, like some other
nations, have recourse 10 a system of prohibit
ons, but on the contrary cndcavour to maintain
an unrestricted navigation under our flag and
that OF other friendly nations, Judiciuus en-
| Ploymcnt of capital and labour, go as TO give
life and vigor TO the whole.
That-a Company in which the native g. for
eigncr may each contribute to the welfare of
the kingdom Is particularly adapted to these OBJ
Jccts. That such a Company should have alone
Tor ITS objects commercial pursuits, without in
tcrerlng in state affairs either in this kingdom
or in tic colonies, and that its operations should
not be restrained by the Government, nor its
connexion with the Government, other than bv
law established, in respect to all Joint stock
companies.
| 1t being our Royal pleasure to assist in the
establishment OF such company, and give all
persons an opportunity of participating in its adj
vantages, we decree as follows -
I. There shall bo ooopod -, ,I,o
of Commerce in the following cities, viz
Amsterdam, Antwerp, Brugcs, Brussels, Der
drccht, Client, Lcidcn, Middleburg, Ostcnd. g.
Rotterdam, subscriptions for Netherland Com
mercial Company, which shall be established.
for term Of twenty five years, conformable TO
the law concerning joint stock companies, with
permission TO apply for an extension of the
time limited, at the expiration of the twenty
five years.
2. The stock of the company shall be, in the
iirst instance twelve millions of guilders. How
ever, il may beincreased to twenty four millions
should the subscription exceed the sum limited.
or should the Company deem it expedient.
Should there be an increase in the sum hunted.
the first subscribers shall be at liberty to add to
their SUBSCRIPTIONS In proportion to the original
Sums subscribed.
3. The shares of the Company shall he for
one thousand florins each they may, however,
! be snbdivided into fractional parts of five hum
dred and two hundred and fifty norins.
4. The SUMS subscribed shall be paid by in
stalmcnts at the times to be hereinafter menti-
oned and i've per cent. on each share shall be
paid 10 days after the books shall be closed
| 3. The books shall be opened for subscrip-
tions, At the Chambers of Commerce above men
TONED, 10 days after the date of the present de-
cree. The Chambers shall render accounts
daily OF the progress of the subscription TO the
| Department of National Industry &. the Colonies
in order that the establishment of the Company
may be decreed and the time xcd for publish
ing the subscription. Should the whole SUBJ
| scrption exceed the sum required. the fire,
subscribers, in point of date, shall be prefer red
/ g. Two months after the subscription shall
be opened, or earlier, should the sum of twelve
millions have been subscribed, the Colonial de-
| partmcnt shall invite the Presidents ofthe Cham
Der of Commerce to call a meeting of the share
holders, in order that they may depute some of
their body to meet at the Hague, to concert
with commission which we shall appoint, plan
Of operations for the said company, which shall
| then be submitted for our appreciation. The
number of deputies for each chamber shall be
fixed by us agreeably to the number of SUI bscri-
| bers. The books shall be closed the last day of
June, 1924. Should the subscription amount TO
| more than twelve millions, the surplus shall be
applied as directed in .4rt.2.
7. There shall not be allowed to this Comma
~ ti't cASiiSNc pTNIIeSc Whatever. w e de-
clare, notwithstanding, that we will grant eve
ry protection which an establishment ofso much
Importance merits.
.. The deputies will take into consideration
every thing that can tend to the encouragement
OF commerce, navigation, the fisheries, arricu-
ture, and the manufacturing industry of the ma
ton.
! 6. The Company viii also extend its views TO
the trade &C the East Indies tle extension of
commerce and navigation to our own possessi-
ons and every other part of India and the neigh
boring countries, the tea trade of China, & the
fisheries i'll the Indian seas.
10. The Company will give the preference
to the national manufactures, in all cases, cx-
cept where they cannot be applied TO the pur-
poses required.
! II. TIE Company shall employ for transport
ing goods, whether for tlIeiI own account or for
the account of others, national ships only, sail
ing under the Netherlapd flag, and shall give a
preference TO NctlIcrfaiid built ships.
| II. The Company shall have preference in
the shipment of stores for the use of the colo
MES and for the transporting of stores and MGR
chnndize from thence to the Netherlands. For
| these purposes the Company shall coInmtlni-
cate with the Administration.
IS. To show our desire to promote the well
| fare of the Company, we guarantee TO the share
holders annual interest of ~ per cent ia
commence from the second year, that is To say,
| 1325-1826, and the profits shall be divided in
such manner as to secure the stability of the
company.
IL. Being DESTROYS. still further by YOUR ex-
ample TO promote the establishment of the Com
paDy, and the national prosperity, we put our
names and that of our house at the head of the
subscription for the of four million guilders,
am Sl,ott ,t-r, Co..