African Company Act 1750

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African Company Act 1750
Act of Parliament
Coat of Arms of Great Britain (1714-1801).svg
Citation 24 Geo. 2. c. 49
Territorial extent  Great Britain
Dates
Royal assent 25 June 1751
Commencement 17 January 1751 [a]
Repealed15 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Repealed by Statute Law Revision Act 1867
Status: Repealed
Text of statute as originally enacted
Gold Coast ackey coin with the inscription "Free Trade to Africa by Act of Parliament 1750" commemorating the passage of the African Company Act Ackey Gold Coast silver coin.jpg
Gold Coast ackey coin with the inscription "Free Trade to Africa by Act of Parliament 1750" commemorating the passage of the African Company Act

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.

Contents

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]

Subsequent developments

The whole act was repealed by section 1 of, and the schedule to, the Statute Law Revision Act 1867 (30 & 31 Vict. c. 59).

Notes

  1. Start of session.

References

  1. Der, Benedict G. (1967). Parliament's Interest in West Africa, 1713-1765:A Study Based on Published Parliamentary Records (PDF). Toronto: University of Ottawa.