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Encyclopedia > Ostend Company

The Ostend Company was a private company established in 1717 to trade with the Indies. The success of the Dutch, English and French East India Companies led the merchants and shipowners of Ostend in the Austrian Netherlands to desire to establish direct commercial relations with the Indies. The emperor Charles VI encouraged his subjects to raise subscriptions for the new enterprise, but did not grant a charter or letters patent. The comapny was abolished in 1731. // Events January 4 — The Netherlands, Britain & France sign Triple Alliance February 26-March 6 What is now the northeastern United States was paralyzed by a series of blizzards that buried the region. ... The Indies, on the display globe of the Field Museum, Chicago, Illinois The Indies or East Indies (or East India) is a term used to describe lands of South and Southeast Asia, occupying all of the former British India, the present Indian Union, Pakistan, Bangladesh, Myanmar, Sri Lanka, the Maldives... The British East India Company, sometimes referred to as John Company, was a joint-stock company of investors, which was granted a Royal Charter by Elizabeth I on December 31, 1600, with the intent to favour trade privileges in India. ... Ostend (Dutch: Oostende, French: Ostende) is a municipality located in Flanders, one of the three regions of Belgium, and in the Flemish province of West Flanders. ... Originally the term Netherlands referred to a much larger entity than the current Kingdom of the Netherlands. ... Holy Roman Emperor Charles VI Charles VI of Austria (October 1, 1685 – October 20, 1740) was Holy Roman Emperor from 1711 to 1740 and the second son of Leopold I with his third wife, Eleonore-Magdalena of Pfalz-Neuburg, came first to the throne with the name Charles III of... A charter is a document bestowing certain rights on a town, city, university or institution; sometimes used as a loan of money. ... Letters Patent by Queen Victoria creating the office of Governor-General of Australia Letters patent are a type of legal document which is an open letter issued by a monarch or government granting a right, monopoly, title, or status to someone or some entity such as a corporation. ... Events 10 Downing Street becomes the official residence of the United Kingdoms Prime Minister when Robert Walpole moves in. ...


References


  Results from FactBites:
 
EAST INDIA COMPANY - Online Information article about EAST INDIA COMPANY (2598 words)
The immediate result was that the English company tacitly admitted the Dutch claims to a monopoly of the trade in the Far East, and confined their operations to the mainland of India and the adjoining countries.
Under this award the company was to lend the nation £3,200,000, and its exclusive privileges were to cease at three years' notice after this amount had been repaid.
In 1712 an act was passed continuing the privileges of the company even after their fund should be redeemed; in 1730 the charter was prolonged until 1766, and in 1742 the term was extended until 1783 in return for the loan of a million.
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