East India Company

“ That no Ship or Vessel engaged in Private Trade under the Authority of this Act, shall proceed to any Place within the Limits of the said Com­pany's Charter situate on the Continent of Asia, from the River Indus to the said Town of Malacca inclusive, or in any Island under the Government of the said Company lying to the North of the Equator, or to the said Company's Factory of Bencolen or its Dependencies, without a Licence to be granted for that Purpose from the Court of Directors of the said United Company ”

“ W. 3. c. 44. as requires that Goods of Private Traders imported into England or Wales, should be sold by Inch of Candle, repealed.XXII. And be it further enacted, That so much of the said Act of the Ninth Year of the Reign of King William the Third, or of any other Act or Acts, as requires that all Goods-and Merchandize belonging to any Private Trader to the East Indies, which shall be imported into England or Wales, shall be sold openly and publickly by Inch of Candle, shall be and the same is hereby repealed. ”

“ Provided always, that in all Cases in which the said Board of Commissioners shall direct the said Court of Directors to issue any such Licence, which they shall have declined to issue without such Direction-, the special Circumstances inducing them to give such Directions shall be recorded in the Books of the said Board. ”