Greenland Trade Act 1692

1. Introductory Text

2. Recital that Greenland Trade beneficial; and that neighbouring Nations make...

3. II. The said Persons made a Corporation by the Name of the Greenland Company.

4. III. The Company may trade to Greenland, &c.

5. IV. A Governor, &c. to be chosen.

6. V. A Book of Subscriptions, and each Subscriber

7. VI. Money subscribed how and when to be paid;

8. VII. Defaulters to enjoy in proportion to Money actually paid.

9. VIII. Defaulters to forfeit £10 per Cent. of what they have paid.

10. IX. Choice of Governor and Deputy Governor, and Sixteen Committees.

11. X. Oath to be taken by Governor and Deputy Governor.

12. XI. Oath to be taken by Committees.

13. XII. Subscriber of less than £500 no Vote, of £500 one Vote, of £1,000 Two Votes.

14. XIII. Oath to be taken by Subscribers.

15. XIV. Governors, &c. to be chosen annually.

16. XV. Governor, Deputy Governor and Committees to take the Oaths of 1 W. & M. Sess. 1. c. 8.

17. XVI. General Courts and Committees how to be called.

18. XVII. The Subscribers at a Court may make Bye Laws.

19. XVIII. The Sales of Goods to be public once a Year at least, and by Inch of Candle.

20. XIX. Dividends to be in Money.

21. XX. No person to sell a greater Share than he really hath.

22. XXI. Sales not perfected within Ten Days void.

23. XXII. Ships to Greenland may be navigated with One Third English;

24. XXIII. Greenland Ships not to have the Benefit of this Act, unless victualled for the said Voyage, and proceed direct.

25. XXIV. Corporation to continue for 14 Years.

26. XXV. This Act a Public Act.