A. D. 1702. ^21 



and held the town for a whole month, they were not able to take the 

 caftle for want of mortars (which they ought to have duely confidered 

 beforehand) ; they were therefor forced to withdraw on the arrival of 

 two Spanifh men of war, and to abandon their fhips, ammunition, &c. 

 to the enemy. 



The land-proprietors of Eaft and Well: New-Jerfey in Englifli Ame- ' 

 rica, who had purchafed of the firfl proprietors, not readily finding pur- 

 chafers of under-fhares thereof, and being likewife at variance amongft 

 themfelves, they agreed to furrender into Queen Anne's hands both the 

 charters for thofe two governments, referving their particular rights and 

 properties of the lands and iettlements therein ; whereupon the queen 

 confolidated the two provinces into one, and appointed Lord Cornbury 

 to be the firil royal governor. This colony of New-Jerfey has fince 

 profpered very well, and has been extremely ufeful in fupplying our fu- 

 gar colonies with provifions, lumber, &c. Its two beft towns are Bur- 

 lington and EUzabeth-town ; but that of Perth- Amboy is reckoned to 

 have the befl harbour, and to be mofh commodious in point of fitua- 

 tion. 



We have feen under the preceding year the indifpenfible neceffity 

 there was for uniting the old and the new Englifli Eaft-India compa- 

 nies, even if it had been for no other reafon but for the fake of the 

 public tranquillity. This coalition was made on the 2 2d of July 1702, 

 by an indenture tripartite between the queen and the two companies, 

 in fubilance as follows, viz. 



Stock. 

 The old company, being pofTefled (in the late fubfcription) 



of - - - - - - L3i5,ooo 



And the new company of _ _ _ 1,662,000 



And the feparate traders (now difcovered to amount to the 



fum) of - - - - - 23,000 



Making in all the fubfcription for - - L2, 000,000 



I) It was now agreed by both companies, that the old company fliould 



purchafe of the new one at par L673,500 of their Hock, whereby their 



whole flock will be • - - - L988,50o 



Leaving the like fum for the new company, viz. - 988,500 



And the feparate traders, as above, have - - 23,000 



L2,000,000 



JI) That the whole trade to India fliould be carried on for the faid 

 two united flocks for feven years, for the benefit of all the members of 

 the new or Englifli company ; the faid old company to have a right and 



Vol. II. 4 Y 



