1698 Parliamentary Act, under King William III

1698 Parliamentary Act, under King William III -- The extremely rare Act pertaining to trade with Africa and the change in duties to cover the costs of protecting the colonies. Originally the Crown paid for the upkeep of defenses: "the Forts and Castles now on the said Coast of Africa have been, and now are maintained at the sole Cost and Charge of the present Royal African Company of England". This Act required "the said Company, and all other the said Subjects Answering and Paying for the Use aforesaid, a Duty of Ten Pounds per Centum ad Valorem for the Goods and Merchandize to be Exported from England, or from any of his Majesty's Plantations or Colonies in America, to and for the Coast of Africa, between Cape Mount and the Cape of Good Hope".]