their clerks and agents at London, Bristol, and Liverpool, the house rent of their office at London, and all other expenses of management, commission, and agency in England.

What remains of this sum, after defraying these different expenses, they may divide among themselves, as compensation for their trouble, in what manner they think proper. By this constitution, it might have been expected that the spirit of monopoly would have been effectually restrained, and the first of these purposes sufficiently answered. It would seem, however, that it had not. Though by the 4th of George III, c. 20, the fort of Senegal, with all its dependencies, had been vested in the company of merchants trading to Africa, yet in the year following (by the 5th of George III, c. 44) not only Senegal and its dependencies, but the whole