Records of the Company of Scotland Trading to Africa and The Indies 14 February 1696 - 28 June 1711

The Company of Scotland Trading to Africa and The Indies, overseas trading company, Edinburgh, 1695-1707

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What became the Company of Scotland Trading to Africa and the Indies was the idea of William Paterson, a prolific ‘projector’ or promoter of speculative money-making schemes. He had been instrumental in the foundation of the Bank of England in 1694, but his new plan aimed to bring financial prosperity to Scotland, his homeland. He proposed that the Scottish Parliament, following the passing of "An Act for Incourageing Forraign Trade" in 1693, should grant a Scottish monopoly on trad...

Paterson, William, 1658-1719

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Company of Scotland Trading to Africa and the Indies

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The Company of Scotland Trading to Africa and the Indies was created by an Act of the Scottish Parliament in Jun 1695. Under this act the Company was granted exclusive privilege of trade between Scotland and America, and perpetual monopoly of trade with Asia and Africa. It was authorised to arm and equip its ships as it saw fit, and was allowed to plant colonies in localities in Asia, Africa and America with no prior European settlement. In addition, the Company was exempt from all ...

Equivalent Company, 1721-1851

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The Royal Bank of Scotland

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Bank of England.

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