Royal Charter of 27 March 1668
Encyclopedia
The Royal Charter of 27 March 1668 was an agreement between the British Empire and the British East India Company
. It led to the transfer of Bombay from Charles II of England
to the British East India Company
for an annual rent of £
10 (equivalent retail price index
of £1,226 in 2007).
British East India Company
The East India Company was an early English joint-stock company that was formed initially for pursuing trade with the East Indies, but that ended up trading mainly with the Indian subcontinent and China...
. It led to the transfer of Bombay from Charles II of England
Charles II of England
Charles II was monarch of the three kingdoms of England, Scotland, and Ireland.Charles II's father, King Charles I, was executed at Whitehall on 30 January 1649, at the climax of the English Civil War...
to the British East India Company
British East India Company
The East India Company was an early English joint-stock company that was formed initially for pursuing trade with the East Indies, but that ended up trading mainly with the Indian subcontinent and China...
for an annual rent of £
Pound (currency)
The pound is a unit of currency in some nations. The term originated in England as the value of a pound of silver.The word pound is the English translation of the Latin word libra, which was the unit of account of the Roman Empire...
10 (equivalent retail price index
Retail Price Index
In the United Kingdom, the Retail Prices Index or Retail Price Index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a basket of retail goods and services.-History:...
of £1,226 in 2007).