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Foreign News December 27, 1751

The Virginia Gazette

Richmond, Williamsburg, Richmond County, Virginia

What is this article about?

Report from The Hague on the surprising decline in Dutch East-India Company affairs, despite richer shipments and better management under new leadership after Baron Imhoff's death; shares fell over 12%, with company chiefs selling and opposition buying.

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OCR Quality

98% Excellent

Full Text

Hague, August 29. The Affairs of the Dutch East-India Company are declining in a most astonishing Manner, and the more so as no Body can see any Cause for it. The Ships which last arrived from thence are more numerous and richer than what have come from thence for many Years past, the Merchandize is better chosen, and will sell for one Third more than what used to be brought by the India Ships. In short, the Affairs of the Company are seemingly upon a better Footing than they were before the Death of Baron Imhoff, the late Governor of Batavia, by the Prudence and good Conduct of the new General, who is a very able upright Man. Notwithstanding all this, the Actions are all on a sudden fallen more than 12 per Cent. and the Chief of the Company sell out as fast as they can; but what is still more surprising is, that it is the Heads of the Party that oppose the present Regency, who eagerly buy in these Actions, which one would imagine would not only support, but even raise them, and yet the contrary happens.

What sub-type of article is it?

Economic Trade Or Commerce

What keywords are associated?

Dutch East India Company Economic Decline Stock Fall Batavia Governor Trade Shipments

What entities or persons were involved?

Baron Imhoff

Where did it happen?

Hague

Foreign News Details

Primary Location

Hague

Event Date

August 29

Key Persons

Baron Imhoff

Outcome

actions fallen more than 12 per cent.

Event Details

Affairs of the Dutch East-India Company declining astonishingly without apparent cause, despite more numerous and richer ships arriving, better chosen merchandise selling for one third more, and improved footing under new General after Baron Imhoff's death; company chiefs selling out rapidly while opposition party buys in, yet prices fall.

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