African Company Act 1750
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.
| Act of Parliament | |
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| Citation | 24 Geo. 2. c. 49 |
|---|---|
| Other legislation | |
| Repealed by | Statute Law Revision Act 1867 |
Status: Repealed | |
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 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]
References
- Der, Benedict G. (1967). Parliament's Interest in West Africa, 1713-1765:A Study Based on Published Parliamentary Records (PDF). Toronto: University of Ottawa.
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