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Foreign News
November 1, 1783
The New Hampshire Gazette And General Advertiser
Portsmouth, Exeter, Rockingham County, New Hampshire
What is this article about?
Letters from Saxony report a plan to form a trading company with 25,000 rix dollars capital for direct trade with North America, involving three expeditions; the Elector will take 150 shares, and the company dissolves if the first voyage is unprofitable.
Clipping
OCR Quality
98%
Excellent
Full Text
HAMBURGH, August 10.
According to letters from Saxony, a plan is forming there for opening a trade directly with North America. This commerce will be directed by a company, whose fund will amount to 25,000 rix dollars, divided into 100 rix dollars each. They will make three payments, and as soon as the first deposit is completed, the first expedition will commence; immediately after its departure a second deposit will be made for the expense of the second expedition, which will depart as soon as ready; but the third will be suspended till the return of the first ship. The Company will be dissolved if the first voyage be unprofitable. It is assured that the Elector will take to his own account 150 shares.
According to letters from Saxony, a plan is forming there for opening a trade directly with North America. This commerce will be directed by a company, whose fund will amount to 25,000 rix dollars, divided into 100 rix dollars each. They will make three payments, and as soon as the first deposit is completed, the first expedition will commence; immediately after its departure a second deposit will be made for the expense of the second expedition, which will depart as soon as ready; but the third will be suspended till the return of the first ship. The Company will be dissolved if the first voyage be unprofitable. It is assured that the Elector will take to his own account 150 shares.
What sub-type of article is it?
Trade Or Commerce
Economic
What keywords are associated?
Saxony Trade Company
North America Commerce
Elector Shares
Trading Expeditions
What entities or persons were involved?
Elector
Where did it happen?
Saxony
Foreign News Details
Primary Location
Saxony
Event Date
August 10
Key Persons
Elector
Outcome
company to dissolve if first voyage unprofitable; elector to take 150 shares.
Event Details
A plan is forming in Saxony for a trading company with 25,000 rix dollars fund, divided into 100 rix dollar shares, to open direct trade with North America via three expeditions, with payments structured around departures and returns.