Whittaker, Mifs Ann, Loughton I 3 Wilcocks, Wm. efq. Norwich 3 Wild, John, Queen ft. Southwark Wild, Rich. Bishopsgate ft. Wilkinfon, Rev. Jas. Sheffield Ruffel ft. Bloomsbury Warren, Sam. Ditto Warriner, Geo. Nw Bond ft. I Watfon, Chriftoph. Great Tower ft. 1 Wation, Jo. efq. Mincing lane Wicke, Geo. Church 1. Whitechap. Wilberforce, Will. efq. M. P. 2 Wilkinson, Mifs Rebec. Clapham 2 Williams, Jo. elq. Victualling Office 2 Witton, Matthew, 63, Chifwell f. z 3 Wilts, Broome, P. 44, Friday ft. I Wolff, Erneft F. efq. American fq. 3 9 Wolff, Geo. efq. Ditto 15 2 Wolff, Jens, efq. Ditto 3 Wolff, Mifs Maria Ann, Ditto 3 Wallafton, Rev. Fr. Jo. Hyde, 1 2 Jackfonian Profeffor, Cambridge 2 Wallafton, John, Holborn bridge 2 Wontmer, John, Minories I 1Ο Wood, Sir Francis, Bart. Lower Wood, Henry, Leicester 12 I APPENDIX. £50,000 to be railed. How fubfcribers are to be recommended, and balloted for. The following Refolutions, fhow what laudable care the original fubfcribers took to prevent the intrusion of improper perfons into the Company. But their humane intention could not be executed, on account of the impoffibility of obliging perfons who would afterwards become poffeffed of shares, as heirs, &c. to difpofe of them in a manner fuitable to the original plan. Befides the unemployed part of the Company's capital could fcarcely be expected to be always adequate to the purchase of the Shares, which would thus be continually falling in, and for which it would not at all times be eafy to find proper purchasers. But it is fubmitted, Whether this difficulty might not have been avoided, if every fubfcriber, in cafe of his death, &c. had vested the right of difpofing of his shares in the remaining original fubfcribers, who might have been empowered to exercife that right, as long as a certain number of them, (Jay fhould remain. And in all probability, the object of the inflitution would have been fecured, long before the original fubfcribers would have been reduced to fo fmall a number. (See § 606, Art. 1. Plan.) 1026. (Abridgment.)-At a General Court, held at the King's Head Tavern in the Poultry, on Wednesday, 30th November, 1791.-Read a Report of the Court of Directors, propofing that, from the increase of the Company's affairs, many Proprietors with the fum of £50,000 to be added to the Company's capital. RESOLVED, (1.) That not less than £50,000 be added to the £100,000, voted at the last court. (2.) That every fubfcription be paid at one payment, within a month after the date of a circular letter, from the Directors, calling for the fame. (3.) That every Proprietor of a share, be at liberty to recommend, in person at this Meeting, or by letter to the Secretary, on or before Dec. 13th, Proprietors for his proportion of the new fhares; he declaring the perfon he recommends to be well affected to the Company's objects, and to intend holding his shares, on his own account. [N. B. Every Proprietor of a fhare may recommend for nineteen new shares in the whole.] (4.) That the new Proprietors recommended shall be balloted for on the 20th Dec. at a ballot to be kept open from 12 to 5 o'clock; and that agreeable to a refolution of the laft General Court, one third of the balloters fhall exclude. (5.) That the right of recommending new Proprietors for the deficiency remaining after the 13th Dec. fhall he divided equally among the prefent Proprietors, who fhall be informed, by letter, of his farther fhare of recommendations. (6.) That every Proprietor fill up this his farther fhare of recommendations by a letter to the Secretary, on or before the 1ft of Feb. and that a farther ballot, of new Proprietors, fhall be taken the 8th of Feb. (7.) That fo much of the £150,000 as fhall not be filled up on the 1ft of Feb. may APPENDIX. be filled up by the exifting Proprietors, either by their taking additional shares on Proprietors their own account, or by their recommending new Proprietors, until the whole to recommend Sabicribers, deficiency be supplied. their fhares. (8.) That, in case the capital fhould be increased beyond £150,000, the right of according to taking additional shares fhall be distributed as equally as poffible among the then Proprietors, in proportion to their shares; and, if any of them fhall decline taking the fhares due to them, the right of recommendation fhall be diftributed among them on the fame principle of equality. commenda (9.) That the annexed letter be the future form of recommending new members, Form of reviz." I beg to recommend A. B. for Shares, tion. Shares, in the ftock of and C. D. of of for the Sierra Leona Company, believing they are well affected to the objects for which the Company is established; and that they take the faid ftock on their own account. Abridgment of the Act of Parliament, incorporating the Sierra 1027. THE Preamble ftates, inter alia, that a commercial intercourse with the interior countries of Africa, would be highly beneficial to the manufactories of Great Britain; that thofe interior countries have not yet been explored by Europeans; that fuch undertakings require a confiderable capital joint flock; that the parties fhould be poffeffed of fome diftrict on the coaft, where they may fecurely deposit their property; that a fociety has been already formed, and confiderable sums subscribed; but that they are apprehenfive of legal difficulties in recovering debts, &c. unless they are regularly incorporated: it is therefore enacted that the subscribers (who are enumerated in the act) and those who may become fuch, be incorporated under the name of the S. Leona Company, and have a common feal. II. The Company may purchase lands, not exceeding the annual value of £2000, and may alfo fell the fame. III. The Company may raise a joint stock, not exceeding £500,000 by subscriptions from members of the Company or other perfons, in fhares of £50 each. IV. Subfcribers to have an intereft in the capital joint ftock, according to the amount of their fubfcriptions; and to be responsible to the Company's creditors, to that amount, but not farther. See § 373. V. The Company not to borrow money, except by a fubfcription for fhares. APPENDIX. VII. Thirteen persons to be chosen by the members, from among themselves, to be called a Court of Directors, to manage the Company's affairs. VIII. The first election of Directors to be made in July, 1791; and every fubfequent election shall be made between the 1ft of Jan. and the 1ft of April yearly; and they fhall continue Directors till their fucceffors be fworn into office. IX. Fourteen days' notice of the time of chufing Directors, to be published in the London Gazette. X. The Directors, at their firft Meeting, to chufe out of their own number a chairman and a deputy chairman, who shall continue in office, till the fucceeding Directors be fworn in. XI. In cafe of the death, or other avoidance of office, of any of the Directors, on 14 days' notice in the London Gazette, the members of the Company to meet, and chufe a fucceffor or successors, who fhall continue in office, till the fucceeding Directors be fworn in. XII. The fame rule, mutatis mutandis, to be observed by the Directors, in chusing a chairman or deputy chairman, in case of death, &c. XIII. Elections and business in General Courts, to be determined by the majority of votes. XIV. Members of the Company, in General Courts, to have votes, according to the number of their shares, namely, 1 or 2 shares entitles a member to 1 vote; 3 or 4 shares to 2 votes; 5, 6, or 7 shares, to 3 votes; 8 or 9 shares to 4 votes; 10 or more shares to 5 votes, and no member shall give more than 5 votes. XV. Directors to take an oath to give their best advice and afsistance in the concerns of the Company, and to demean themselves faithfully and honeftly in their office. XVI. No perfon to have a vote in the election of Directors, or making of byelaws, but proprietors in their own right, and not in trust. XVII. Where joint proprietors hold a share or shares, the person whose name ftands firft in the Company's books, shall vote. XVIII. Quakers to make folemn affirmations inftead of the oaths required. XIX. No person to be chosen a Director, unless poffeffed, in his own right, of one share at leaft in the faid capital joint stock. XX. Every Director to take an oath that he poffeffes, in his own right, one fhare at least. XXI. Oaths to be taken by Directors, to be administered by the Lord Mayor, or any Alderman of London, or by any two or more Directors who fhall have been first sworn. XXII. In case any perfon chofen Director, refuse or neglect to qualify or take the office, a new election to be made. XXIII. Court of Directors, or the majority, (the Chairman or deputy Chairman being always one) may meet when, and where convenient, may fummon General Courts |