15, 1663. Afterward
L3,200 was added to this, making L20,800 in all in the second
subscription. A. C. R., 309, August 25, 1663.

[15] Carr, _Select Charters of Trading Companies_, pp. 178-181.

[16] There were also provisions similar to those contained in the
first charter for the government of the company's "plantations"
(factories) in Africa. The clause allowing the king to subscribe
one-sixteenth of the stock was omitted, but he could become a
shareholder at any time.

[17] The charter had provided that the executive committee should be
composed of seven men if twenty-four assistants were elected and
thirteen if thirty-six were chosen. A.C.R., 75: 29, 31, 41, 44, 49,
51, 68, 72, 93.

[18] P.C.R. (Register of the Privy Council), _Charles II_, 2: 451.

[19] _Ibid._, 2: 502.

[20] Egerton MSS., 2538, f. 109, C. C. to Secretary Nicholas, August
11, 1662. Folio 110 contains a note without date or signature saying
that the matter was referred to the Lord High Treasurer and others.

[21] The earl of Clarendon declares in his History of Charles II that,
upon the return of the ships from the first expedition, the company
"compounded" with Sir Nicholas Crispe for his "propriety" in the fort
at Kormentine. This is untrue, since it has just been shown that it
was not until the middle of 1662 that he agreed to transfer his
property to the Royal Adventurers and that it was afterward that
Crispe endeavored to get the king's approval to grant him
compensation. Clarendon may have remembered that the king was
favorable to the proposition and therefore assumed that such a
contract had been made. Hyde, Edward, First Earl of Clarendon. _The
History of the Reign of King Charles the Second, from the Restoration
to the end of the year 1667_ (edited by J. Shebbeare), p. 197.

[22] This charge was put forward in a pamphlet, probably published in
1709, called _Sir John Crispe's Case in Relation to the Forts in
Africa_. In this pamphlet the assertion is made that the Privy Council
had a full hearing of the matter on July 29, 1662, and ordered the
Royal Adventurers to pay Crispe L20,000 by an export duty of 2-1/2 per
cent on goods sent to Africa. An examination of the Privy Council
Register shows no order of that kind on that date or at any subsequent
time.

[23] A.C.R., 75, August, 15, 1664.

[24] In January, 1663, the Royal Adventurers made an agreement with
several members of Crispe's company providing for the transfer to
Engla