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| | East India Company - MSN Encarta |
 | | The most important of the companies were given charters by their respective governments, authorizing them to acquire territory wherever they could and to exercise in the acquired territory various functions of government, including legislation, the issuance of currency, the negotiation of treaties, the waging of war, and the administration of justice. |
 | | The East India Company, however, bought control of this new company, and in 1702 an act of Parliament amalgamated the two as “The United Company of Merchants of England Trading to the East Indies.” The charter was renewed several times in the 18th century, each time with financial concessions to the Crown. |
 | | In 1784 the India Act created a department of the British government to exercise political, military, and financial control over the Indian affairs of the company, and during the next half century British control was extended over most of the subcontinent. |
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