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The New Hampshire Gazette And Historical Chronicle
Portsmouth, Greenland, Rockingham County, New Hampshire
What is this article about?
The East India Company's Court of Directors responded to queries on tea duty changes, stating no new agreements with government, expecting the old one-shilling-per-pound duty to resume after July 5 expiration, no additional duties foreseen, but indemnity for cleared stock if imposed.
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A Question being proposed to the East-India Company respecting the intended alteration on the Duty on TEA, was answered as follows. "The Court of Directors do not mean at present to enter into any fresh Agreement, or Contract, with Government with respect to the indemnity on Tea, and they are of opinion that, at the expiration of their present agreement, the old Duty of one Shilling per Pound will again take place, & the Drawback cease. They do not imagine that any additional Duty will be laid on Teas, but do agree to indemnify the Holders in case any such Duty should take place on stock in hand, cleared before the expiration of the Agreement with Government, which terminates the 5th of July next."
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Foreign News Details
Primary Location
London
Event Date
5th Of July Next
Key Persons
Outcome
old duty of one shilling per pound to resume; drawback to cease; no additional duty expected; indemnity for holders if additional duty on cleared stock.
Event Details
A question on intended alterations to tea duties was posed to the East-India Company. The Court of Directors replied they do not intend new agreements or contracts with government on tea indemnity. At expiration of current agreement, old duty resumes and drawback ceases. No additional duties anticipated, but indemnity agreed for stock in hand cleared before July 5.