Translate

Saturday 29 November 2014

Swedish East Indies Company forced to pay her government a huge amount of money according to the Dutch newspaper Amsterdamse courant dated 24 December 1765

An item dated Stockholm, Sweden 6th reported that when the Swedish East India company received her patent in 1746 one of the conditions was that she would pay the crown 50.000 daalders for each ship safely returned at home. Until 1752 this payment was indeed done when she made clear that considered the huge decrease of her trading she could not afford such payment. She was released from payment, the assets were collected in a steady fund and furthermore the company promised to transport all needed raw material from the Indies with her ships. Despite the agreement asked the government that she would pay before the end of 1765 4,5 tons of gold. This would the last time promised the government and the company would enjoy in the future all benefits of her patent.