question: In 1687 , Sir Josiah Child , the Chairman of the Company , succeeded in persuading King James II to issue a Royal Charter creating the Corporation of Madras to administer this new city . Persuasion must have been necessary for , until then , such an institution had not been created anywhere outside Britain and the King would have been reluctant to associate with an experiment happening so far away . But Sir Josiah did succeed and the Charter was issued on December 30 , 1687 .
Q: Why did Sir Josaiah seem so interested in getting a charter ?

answer: He was a businessman .

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