issue orders for the prompt execution of the resolutions adopted by the Chambers, so that the General Company may experience the benefit thereof, in the lessening of their common burthens. As regards the remaining charges, such as the current debts of the respective Chambers, the yearly interest of money in deposit, the accounts payable to those returning home from all quarters, and other expenses accruing in this country, we see no means applicable thereunto, as the Company's effects are very few, or none, and the respective conquests are destroyed, or so

248 NEW- YORK COLONIAL MANUSCRIPTS. reduced in matter of trade that little or no returns are to be expected from them. In addition to this, new capital is demanded for the reestablishment of and trading to the North coast of Africa, St. Thomas, and adjacentcommercial posts, on the supposition that Angola be thrown open to private which otherwise would require a heavy capital. Before being traders, encouraged by the vigorous aid of the government, it ought to be determined whether the stockholders could not be disposed to do something on their part, and to furnish a new subscription or capital loan of ten (^ twelve per cent, payable periodically or in instalments. Of this loan a million ought to be voted and appropriated to the aforesaid trade to Guinea, St. Thomas and adjacent places, in order first, to provide these posts with all sorts of cargoes,

and to exclude therefrom the English and foreign nations, and, further, to defray out of that fund the provisioning and establishment of the coast and the outfit of the ships. Whatever may remain from the aforesaid new subscription, ought to be applied to the liquidation of the most urgent debts and incumbrances, which cannot be "deferred. In case the Company be further aided by a subsidy, and somewhat relieved by your High Mightinesses, at least until its returns produce sufficient for the payment of the interest of the moneys on deposit, which, as above stated, were taken up in consequence of the subsidy in arrear, 'tis confidently to be