Compagnie des Indes (New Company)
Compagnie des Indes (New Company)
French, 1785–1794
New Company, 1785
A new Compagnie des Indes was formed by Louix XVI in 1785, with a capital of 40,000 issued shares of 1000 livres. It had a 7-year monopoly of trade with all points east of the Cape of Good Hope (excluding today’s Mauritius and Réunion). It owned 11 ships and made regular sailings to ports in India and China from its base at Lorient. It prospered until the National Assembly took away its privileges in 1790. The Company continued to trade, at much reduced level, until it was dissolved in 1794. Its liquidation was not complete until 1826.
By Howard Shakespeare
Published in print (with additional illustrations) in the Journal of the International Bond & Share Society, February 1997
Copyright ã International Bond & Share Society 2001
Person TypeCorporate Body
American, born Switzerland, 1826–1899
