To borrow Money under their Seal, and to incur Debts in the Course of their Trade, by the Purchase of Goods on Credit, and by freighting Ships or other Mercantile Transactions.   LONDON: Printed for W. Nicoll , in St. Paul's Church-Yard. MDCCLXVII....

As many erroneous opinions have been industriously propagated with respect to the powers of the East India Company to contract debts, I think it a duty to the Company and to the public, to give a fair state of the laws now subsisting with respect to these matters, by which the prejudiced may be set to rights, the ignorant informed, and the malevolent deceivers of the public exposed and detected. By act 9 and 10 William III. c. 44. § 75. the Company is allowed to borrow on the credit of the two m