Broadside - [East India Company - China - George II of Great Britain] Görtz, Fr. W. von Schlitz gen. "Georg der Andere [-] Es ist bekant, was vor eine Ost-Indische Handlungs-Compagnie zu Altona anzulegen, und Actien daraus zu machen projectiret worden [-]". Hannover den 1. Junii 1728.

George II forbids investing in new East Indian Company in Altona.

Broadside - [East India Company in Altona - China - George II of Great Britain] Görtz, Fr. W. von Schlitz gen. "Georg der Andere [-] Es ist bekant, was vor eine Ost-Indische Handlungs-Compagnie zu Altona anzulegen, und Actien daraus zu machen projectiret worden [-]". Hannover den 1. Junii 1728. (Hannover, n.p., 1728). Large oblong folio. 1 Leaf, ca. 41 x 34 cm.

Very rare broadside warning and forbidding potential investors about buying shares in the 'Ost-Indische Handlungs-Compagnie zu Altona'. In 1728, under Frederick IV of Denmark (1699-1730) efforts were made to establish an East Indian trading company in Altona, then Danish territory. This was prevented by the Netherlands, England and France in order to protect their own successful trade with China. In the present broadside George II (1683-1760) warns against the imminent failure of the initiative and simply forbids any investments in the company. Any offender will face a fine of 4 times the amount of money which he invested. Consequent to the campaign, the Ost-Indische Handlungs-Compagnie zu Altona failed to raise sufficient capital to start a business. It was not until 1732 that Christian IV signed the charter for a successful 2nd initiative, the Danish Asiatic Company (Dansk Asiatisk Compagni) in Copenhagen, that would significantly stimulate the Danish trade with China, which had already existed since the 17th century. This charter was twice renewed, in 1772 and 1792. The present broadside is signed by Friedrich Wilhelm von Schlitz genannt von Görtz (1647-1728) the Privy Councilor to George I and II of Britain. He was President of the Chamber of Elector Georg Ludwig of Braunschweig and Lüneburg (Hanover), who as King George I (1660-1727) founded the Hanoverian line on the English throne. For routine matters, George I relied on his Chamber President Görtz, who was known as incorruptible and a great financial expert. - Some sm. faults, but - A good copy.