Fowle's New Hampshire Gazette And General Advertiser

May 6. The following is a summary of the regulations of the newly established French East-India Company, as contained in the Arret of the 20th of last month.

1. All the privileges of the old East-India Company shall be transferred to the new, for the term of seven years, reckoning from the time of the departure of the first fleet for India; the years of war are not to be reckoned, and when a peace is concluded, the privilege shall be prolonged for as many years as the war has subsisted.

2. The isles of France and Bourbon are not comprehended in the exclusive privilege, and the inhabitants of those colonies may, in concurrence with the company, carry on trade from one place of India to another.

3. All private equipments begun, completed, or on their voyage, shall have the space 24 months allowed them to carry on their trade and to return to L'Orient, but to no other port.

4. All the operations of the new Company shall be directed by 12 Administrators who shall be approved by the King.

5. The stock is limited to 20 millions, six of which are to be furnished by the 12 Administrators, each putting in 500,000 livres, or 500 shares of 1000 livres, for which proper vouchers shall be given to those who are desirous of being adventurers.

6. Each administrator shall deposit in his own name, during the time of his administration 250 shares in the treasury of the company.
7. The two millions shall be a pledge to satisfy the engagements of the Company.

8. Messrs. Girardot, Haller, and Company at Paris, and J. J. Berard and Company, at L'Orient, shall be provisionally the receivers of the money contributed by the adventurers.

9. The dividends shall be made from the neat profits, deducting the charges, the losses known or apprehended, and insurance; in no case shall the capital be broken into.

10. No proprietor shall have a vote unless possessed of 500 shares, nor shall any have more than four votes; proxies are not to be admitted, unless the principals are absent on the affairs of the Company.

11. The general administration shall by a plurality of votes nominate to all offices by land and sea, in Europe and Asia, and shall have the power of discharging those who have been nominated.

12. They shall insure against all losses by enemies or the dangers of the sea.

13. They shall have the privilege of making such laws for the regulation of their trade, as they think proper.

14. His Majesty shall protect and defend the said Company even by force of arms. He shall furnish it with such officers and sailors as its occasions shall require, and give up to them his warehouses, docks, &c. in the ports of L'Orient and India.

15. It shall be entirely mercantile, and not be subjected to the expense nor embarrassments of sovereignty, which ruined the former.