DOI Page / Citation link:
https://doi.org/10.11588/diglit.57079#0136
120 THE EARLY HISTORY OE
considered afresh and it was agreed to raise
the price on occasions to 23 or 25 ducats 25
“ per mille weight/’ and secondly to trade in
a joint-stock 26 so as to reduce the Greeks
to reasonable prices and prevent the factors
from out-bidding each other. The joint-
stock principle was re-affirmed in the follow-
ing J anuary 2 7 as likely to be beneficial to the
company. And for the better management
of the trade it was also resolved at the same
time to farm the customs duties on cur-
rants from the King for a rent for a fixed
number of years. In this way the company
might be able to keep the price of currants
pretty fixed both at home and abroad. Fur-
thermore, the company resolved to make an
attempt to force the West-countrymen—the
merchants of Bristol and Exeter 2 8—to recog-
nize the company’s monopoly in the trade of
currants and to pay the impositions levied by
the company.
25 Min. June 7, 1631.
26 i.e. where the company as a whole did business
and not individual members. This was nothing new
at that time, for it had already been tried and given
up, e.g. in 1620. Cf. Min. November 24, 1620.
27 Min. January 20, 1630. 28 Cf. above, p. 109.
considered afresh and it was agreed to raise
the price on occasions to 23 or 25 ducats 25
“ per mille weight/’ and secondly to trade in
a joint-stock 26 so as to reduce the Greeks
to reasonable prices and prevent the factors
from out-bidding each other. The joint-
stock principle was re-affirmed in the follow-
ing J anuary 2 7 as likely to be beneficial to the
company. And for the better management
of the trade it was also resolved at the same
time to farm the customs duties on cur-
rants from the King for a rent for a fixed
number of years. In this way the company
might be able to keep the price of currants
pretty fixed both at home and abroad. Fur-
thermore, the company resolved to make an
attempt to force the West-countrymen—the
merchants of Bristol and Exeter 2 8—to recog-
nize the company’s monopoly in the trade of
currants and to pay the impositions levied by
the company.
25 Min. June 7, 1631.
26 i.e. where the company as a whole did business
and not individual members. This was nothing new
at that time, for it had already been tried and given
up, e.g. in 1620. Cf. Min. November 24, 1620.
27 Min. January 20, 1630. 28 Cf. above, p. 109.