A. D. 1728. 14^ 



above L5 per cwt. for ginger, now commonly fold at 22/5. That our 

 dyers wares were bought of the Spaniards, to whom we paid for logwood 

 from Li 00 to L130 per ton, which may now be had at L9 per ton; 

 and other goods ufed in dying, proportionubly. So that, by having 

 thofe plantations, we not only fave fo much as was formerly paid for 

 thofe commodities to foreigners, but we are alfo able to furnifh other 

 nations therewith; and our manufa6lurers, by having them at lefs prices 

 than they formerly had them, are enabled to fell their commodities 

 proportionably cheaper, which is undoubtedly a very great advantage 

 to the nation. [Boyer^s Tolitical Jlate of Great Britain, V. ^^, for Fe- 

 bruary 1728.] 



This vindication, or furvey of the benefits of Jamaica and our 

 other Weft-India colonies to their mother-country, places them in fo 

 advantageous a light, and gives alfo fo clear, though fuccinc!^, a view of 

 our commerce with them, that it well merits a place in this work. 



This year, the Danifh Eaft- India company, refiding at Copenhagen, 

 publiflied propofals for a new fubfcription to be taken at Altona near 

 Hamburgh, for enlarging their antient capital ftock. 



I) ' The new fubfcribers to be equally entitled to all the benefits 

 ' and privileges which the old members pollefs, in refpedl of the trade, 



* fhipping, forts, fettlements, revenues, houfes, and other effedts what- 

 ' ever. 



II) ' The old capital, confifting of 250,000 rixdollars, divided into 



* 250 fhares, each being of icoo rixdollars, to retain likewife equal 

 benefits with the new fubfcribers. 



III) ' The company, after this union with the new fubfcribers, were, 

 ' in their joint capacity, to pay off their entire debts, confifting of 

 ' 160,000 rixdollars ; but the old proprietors were not to be entitled to 

 ' any dividend till the year 1733. 



IV) ' The adions, or fiiares, of the new fubfcribers to confift of 

 ' 1,000 rixdollars each, and the half fliares to be 500 rixdollars: for 



' each transfer to pay two rixdollars to the company, and half a one 

 ' to the poor. 



V) ' The company's creditors may take new actions thereof for the 

 ' debts due to them. 



VI) ' The king, by his odroy, declares, that the fiiares fhali not be 



* liable to any feizure or flop, upon any account whatever *. 



VII) ' The money arifmg by new lubfcriptions to be wholely em- 

 ' ployed for fending out fliips to franquebar f, Bengal, and China. 



VIII) ' The four additional or new directors may be all foreigners ; 

 ' and ten fliares to be the qualification ftock of every diredor. Every 



* fingle fliare fliall have one vote in the general courts ; and a proprie- 



• The reader needs not be told, that Denmark is .in aVil'oiuIc nionai'cliy. A. 

 f Trantiucbar is their own fort on the Coromandcl coaft. A. 



