History of the State of New York, Vol. I (1609-1691)
That finally, the stockholders of the West The Directors trust that on the adoption of India Company ought to be required and a resolution to the effect aforesaid by the Board, obliged to increase their stock in said Company for the advantage of the Company, the worthy twelveper cent ; one-third part of said increase Stockholders will be disposed to add a new payable six weeks after having received notice clause for the negotiation and contents hereof, so to do; the second instalment in six months afterwards, and the last instalment six months Bubsequently.
33.
That one-half the proceeds of this increase shall be applied to the trade or commerce of said Company.
34.
Your Great Mightinesses' Commissioners are further of opinion that the Plenipotentiaries deputed from this State to negotiate the peace, ought to be instructed to urge, when opportu- ^
nity offers, on the Spanish Plenipotentiaries, for the benefit of the West India Company of this country, the free trade to Ponto del Rey, or the Salt point, according to said Company's Charter.
Advice of the Chamber of Accounts of the West India Company.
Considerations of the Board of Audit of the West India Company regarding the reform of said Company, drawn up pursuant to the order of the High and Mighty Lords States General of the United Netherlands and delivered to their High Mightinesses' Commissioners at the Hague, the 27 May, 1647.
chkmbetofAocounto ^he decHue of the Company's affairs and the difficulty in which they are at Eedresa. present placed, arise on the one hand from divers disorders in this country and bad management in the foreign conquests (which have for a longtime past impaired the Company), and on the other, from some unfortunate occurrences in Brazil, Angola and elsewhere, which have completely prostrated and ruined it.