African Company Act 1750 Explained

Short Title:African Company Act 1750
Type:Act
Parliament:Parliament of Great Britain
Year:1750
Citation:24 Geo. 2. c. 49
Repealing Legislation:Statute Law Revision Act 1867
Status:repealed

The African Company Act 1750 was an Act passed by 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]

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Notes and References

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