8 Annotations

TerryF  •  Link

"The company was more usually know as the Guinea or African Company; incorporated on 10 January 1663 as 'the Company of Royal Adventurers trading into Africa'...." so L&M, later known as the

Royal African Company

NOTE:..Incorporated the 20th of January 1662, in the 14th year of the reign of Charles II.

ARMS:..Or (gold), an elephant Azure (blue), on his back a quadrangular castle Argent (silver), masoned Proper (natural color); on the sinister tower a flagstaff and banner Gules (red), on the dexter corner of the banner a canton Argent (silver), charged with a cross Gules (red), on the dexter corner of the escutcheon a canton quarterly of France and England.

CREST:..On a ducal coronet Or (gold), an anchor erect Sable (black), cabled of the first (i.e., gold), between two dragons' wings expanded Argent (silver), each charged with a cross Gules (red).

SUPPORTERS:..Two African blacks Proper (natural color), vested round the waist with a skirt Argent (silver), pearls in their ears and round their necks banded round the temples Or (gold), thereon feathers erect of various colours each holding in his exterior hand an arrow Or (gold), barbed and feathered Argent (silver).


TerryF  •  Link

The web site above is mistaken. The Royal African Company was reorganized in 1672, the 12th year in the riegn of Charles II.

Paul Chapin  •  Link

The Nth year of the reign of Charles II

I have no information about the Royal African Company. However, it is my understanding that those of royalist persuasion considered the reign of Charles II to have begun on the death of his father, January 30, 1649, ignoring the Cromwellian unpleasantness. On that reckoning, 1662 would indeed be the 14th year of CII's reign.

Pedro  •  Link

The Company of Royal Adventurers Trading to Africa.

(Originally posted under Internation trade)

In 1662 Parliament granted a charter to a newly formed company - The Company of Royal Adventurers Trading to Africa - which allowed and encouraged them to involve themselves in the slave trade. To the great dissatisfaction of merchants from other cities, however, the charter provided exclusive rights to the Company, which effectively meant the merchants of London.


Terry Foreman  •  Link

The Arms of the Company as described by Pepys in 1663

Originally known as the Company of Royal Adventurers Trading to Africa, it was chartered by James II. Slaves were branded with the company's initials, RAC, on their chests.

Between 1672 and 1689 it transported around 90,000–100,000 slaves. Its profits made a major contribution to the increase in the financial power of those who controlled London.

John York  •  Link

From Wikipedia https://en.wikipedia.org/wiki/Royal_African_Com...
"The Royal African Company was a mercantile company set up by the Stuart family and London merchants to trade along the west coast of Africa. It was led by James, Duke of York, Charles II's brother. Its original purpose was to exploit the gold fields up the Gambia River identified by Prince Rupert during the Interregnum, and it was set up once Charles II gained the English throne in the Restoration of 1660. However, it was soon engaged in the slave trade as well as with other commodities.
With the help of the army and navy, it established forts on the West African coast that served as staging and trading stations and was responsible for seizing any English ships that attempted to operate in violation of the company's monopoly. In the prize court, the King received half of the proceeds and the company half.
The company fell heavily into debt in 1667, during the war with the Netherlands, the very war it had itself started when its Admiral Robert Holmes had attacked the Dutch African trade posts in 1664, as it had lost most of its forts on the African coast except for Cape Corse. For several years after that, the company maintained some desultory trade, including licensing single-trip private traders."
So by the end of the diary the company was doing little, although it was involved in the promotion of The Gambia Company which began to trade on 1 January 1669.
"In 1672, the original Company re-emerged, re-structured and with a new charter from the king, as the new Royal African Company. Its new charter was broader than the old one and included the right to set up forts and factories, maintain troops and exercise martial law in West Africa, in pursuit of trade in gold, silver and slaves."
Terry Foreman's posting of 13 January 2015 relates to this re-structured company not to the original Pepys era Company.

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