London and Its Environs Described, vol. 2 (of 6): Containing an Account of Whatever is Most Remarkable for Grandeur, Elegance, Curiosity or Use, in the City and in the Country Twenty Miles Round ItAnonymous
History
London and Its Environs Described, vol. 2 (of 6): Containing an Account of Whatever is Most Remarkable for Grandeur, Elegance, Curiosity or Use, in the City and in the Country Twenty Miles Round It
Anonymous
London (England) -- Description and travel -- Early works to 1800; London (England) -- Gazetteers -- Early works to 1800
EAGLE _street_, 1. Piccadilly.* 2. Plumtree street.* 3. Red Lion
street, Holborn.
EARL’S _court_, 1. Drury lane. 2. Great Earl’s street. 3. Little
Newport street.
EARL’S _passage_, Earl street.
EARL _street_, Seven Dials.
EAST _court_, Spitalfields market.§
EAST HARDING _street_, New street, Shoe lane.§
EAST INDIA COMPANY, was first incorporated by a charter granted by
Queen Elizabeth in 1601, when the first subscription for carrying on
this trade amounted to 739,782_l._ 10_s._ and a year or two after by
an additional subscription of 834,826_l._ the stock was raised to
1,574,608_l._ 10_s._ and with this capital they established a
commerce by the Red sea to Arabia, and to Persia, India, China, and
several of the East India islands. But about the beginning of the
protectorate of Oliver Cromwell, it being imagined that the laying
open the trade to the East Indies would be of advantage to the whole
nation, that commerce was made general, and thus continued till the
year 1657, when it being found that the separate trade was of
disadvantage to the undertakers, they were for the good of the whole
united to the company by the legislature. _Stow’s Survey, last
edit._
However in the year 1698, a new East India company was established,
by virtue of which the old company was to be dissolved after the
expiration of a certain term allowed them for the disposing of their
effects. This new company immediately advanced two millions sterling
to the government, at eight _per cent._ However, by the kind offices
of friends, the two companies were united in the year 1702, when a
new charter was granted them under the title of _The united Company
of Merchants trading to the East Indies_, and the old company had
their share of the two millions. In the 6th of Queen Anne, the
united company lent the government 1,200,000_l._ which made their
whole loan to amount to 3,200,000_l._ the interest of part of which
was a few years ago reduced to 3_l._ 10_s._ _per cent._ and part to
3_l._ _per cent._ the first of these is now called the 3 1-half _per
cent._ annuities, and the last the 3 _per cent._ annuities.
As to India stock, it is the trading stock of the company, and the
proprietors, instead of receiving regular annuities for money at
interest, have dividends of the profits arising from the company’s
trade, which being more valuable, these shares generally sell much
above the original value. _Pocket Library._
The transfer days of India stock, are now Tuesday, Thursday, and
Saturday; and of India annuities on Monday, Wednesday, and Friday,
except on Holidays, which are the same as at the Bank. See BANK _of
England_.
The hour of payment of dividends is from nine o’clock to eleven, and
from twelve o’clock to three; and the hour of transfer from twelve
to one.
Public-domain text, read in full here on John Shaqi.
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