Act of Parliament | |
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Citation | 24 Geo. 2. c. 49 |
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Territorial extent | Great Britain |
Dates | |
Royal assent | 25 June 1751 |
Commencement | 17 January 1751 [a] |
Repealed | 15 July 1867 |
Other legislation | |
Amends | Trade to Africa Act 1749 |
Repealed by | Statute Law Revision Act 1867 |
Status: Repealed | |
Text of statute as originally enacted |
This article relies largely or entirely on a single source .(February 2024) |
The African Company Act 1750 (24 Geo. 2. c. 49) was an act of the Parliament of Great Britain which dissolved the Royal African Company and created the African Company of Merchants, to whom the assets of the former were passed.
The Royal African Company had been in financial difficulties for many years, but by 1747 these difficulties grew more acute. They also informed parliament in February of that year that it was incapable of defending its forts and castles against possible attack by the French. [1]
The whole act was repealed by section 1 of, and the schedule to, the Statute Law Revision Act 1867 (30 & 31 Vict. c. 59).