The Simplified Wealth of Nations of Adam Smith, Book 5, Chapter 1n: The Hudson's Bay and South Sea Companies


Chapter 1n: The Hudson's Bay Company (1660-1752) and South Sea Company

110 Before their misfortunes in the recent war, the Hudson's Bay Company was much more fortunate than the Royal African Company.

The South Sea Company

111 The South Sea Company never had any forts or garrisons to maintain. 112 In 1724, this company entered the whale-fishery which they had no monopoly of. 113 In 1722, this company petitioned parliament to be allowed to divide their immense capital of more than £33,800,000. 114 The South Sea Company's trade on its annual ship was the only trade it was expected to profit from.

Next: Chapter 1p: The Britsh East India Company