Indian Antiquary Vol 47

Author(s): Richard Carnac Temple, Devadatta Ramkrishna Bhandarkar
Publisher: Swati Publications

Page 90

86
THE INDIAN ANTIQUARY
[ APRIL, 1918
return to Trieste, for two thirds of the value she shall cost the Company when ready to sail, in the condition she may return from sea, with the rigging, furniture, arms, &c., belonging to her, so as they then happen to be, without pretence to any deduction for whatever accident may happen, which he expressly renounces by these presente.
3. This projected voyage, including the ship and cargo, & part whereof is already provided, as is well known, and a part not, requires a fund of four hundred thousand florins. This fund is to be divided into a hundred actions or shares, of four thousand florins each, and every proprietor is at liberty to purchase as many shares as he thinks proper, till the whole hundred are completed, and also a half, fourth, or eighth of a share, so that a greater number may partake of the profits which this foreign trade offers.
4. Mr Bolts being convinced by experience and a long stay in India of the solidity of this undertaking, obliges himself to take for his own account fourteen shares, amounting to the sum of fifty six thousand current florins of Vienna.
5. As he has the jus and privilege for another similar voyage to India, therefore, in order to give the concerned in the present Adventure a greater prospect of gain, he promises and obliges himself that those among them who are unwilling to be interested in that voyage shall have the preference as far as the half of the sums they have subscribed to this, on condition that, thirty days after advertisement, they shall declaro whether they chuse to be concerned in that separate adventure and how much.
6. To convince the Adventurers of the solidity of this enterprize, he obliges himself to warrant, and hereby does warrant, ten per cent. per annum as certain profit, from the day the ship Cobenzel sails to her safe return, to each of the adventurers on the capital respectively advanced, and five per cent. from the day of disbursement till the day the ship sails, and from the day of her return till the final liquidation of the respective quotas.
7. All charges of whatever kind being deducted, as also the abovementioned ten and five per cents., the next profit of the voyage is to be divided into two equal parts, one of which to be subdivided among the adventurers according to their respective shares, and the other half becomes the property of Mr Bolts, in consideration of his having formed the project and ceded his privilege, and also by way of premium for his guarantee of a certain gain to each adventurer of ten and five per cent. as above.
8. Furthermore, the said Mr Bolts obliges himself not to withdraw or sell, cede or alienate his interest of fifty six thousand florins till all the adventurers are fully satisfied. not only in regard to their capital, but likewise the profit warranted or insured of ten and five per cent., in conformity to the 6th article, and also the surplus that may fall to their respective shares on their half of the next gain, after all the charges are deducted.
9. To the end that the business of the projected expedition may be managed with good order and exactness, and in order to give a greater and more general faith and trust in the concerned, Messrs. James de Gabbiati, John Adam Wagner, and John Rossetti are appointed Directors conjointly with the said Mr Bolts, and it is hereby expressly stipulated that, without the consent of the Codirectors, neither he, nor in his absence, his Agent, Mr Edward Watts, shall assume the management of any business whatever relative to, connected with, or dependent on the said adventure.