Posted on by Kevin Flude

Royal Africa Company Founded by Charles II January 10th 1663

Map of the Guinea Coast and Colonial territories
‘Negroland and Guinea with the European Settlements, Explaining what belongs to England, Holland, Denmark, etc’. By H. Moll Geographer (Printed and sold by T. Bowles next ye Chapter House in St. Pauls Church yard, & I. Bowles at ye Black Horse in Cornhill, 1729, orig. published in 1727) Source Wikicommons.

The Royal Africa Company was set up with a monopoly on trade with the west coast of Africa in:

“redwood, elephants’ teeth, negroes, slaves, hides, wax, guinea grains, or other commodities of those countries”

On January 10th. 1663 King Charles II affirmed the new charter for the Company that, above all else, was responsible for British continuing involvement in slavery. Shareholders included his nephew, Prince Rupert, Samuel Pepys, and much of the British Establishment, Aristocracy, and City Merchants. Its headquarters were in Cornhill, not far from the East India Company’s HQ. The company was closed in 1752.

Gold from the Gold Coast was used to make coins, which became known as ‘guineas’. They were originally made from one quarter of an ounce of gold. Below is a sketch of a two guinea coin from the reign of Charles II. Note the elephant at the bottom of the coin.

The guinea was original worth 1 pound but fluctuated with the price of Gold. Pepys records it at 24 or 25 shillings. It was eventually phased out, but it became a posh way of expressing value. Ordinary goods would be priced in pounds, but expensive ones in Guineas. By then valued at 21 shillings. (£1 pound 5 pence). Wikipedia suggests it was used for ‘prices of land, horses, art, bespoke tailoring, furniture, white goods and other “luxury” items’. I remember going shopping with my parents in London and wondering at the fur coats being priced in Guineas. It died out, as a practice, in the 70s.

Sketch of a two guinea coin from the reign of Charles II showing an elephant below the image of the King, referencing Africa and the use of an elephant on the Royal Africa Company of which Charles was the patron
Sketch of a two guinea coin from the reign of Charles II showing an elephant below the image of the King.

There are many sites giving a history of slavery, and the British involvement with it, which I encourage everyone to investigate. But, here, I would just like to point out, how involved the British Royal Family was in the trade. Also, to note that the British education system has emphasised the role of Britain in the abolition of slavery, rather than our involvement in setting it up and continuing it. This has begun to change, and a new generation of school children in London can visit the excellent London: Sugar & Slavery Gallery at the Museum of London in Docklands.

University College, London has undertaken a profound project where they took the records of compensation payments to:

The slaves? No, not to them but to the slave owners! UCL have created a resource where you can click on the streets of London and other areas, to find out the holders of slaves in that street. The compensation of £20m pounds is probably around £16billion in modern terms, and it makes me believe that the least we can do is to fund projects to correct the educational and life disadvantages of people and countries impacted by slavery to the tune of £16 billion.

I have just looked for the closest slave owner in my area of the East End of London, and it is about 500 yards away from me. Here are the abridged details from the database. It is very simple to use. Have a go by following the link below.

Solomon Nunes Flamengo of Kingston, living at Mutton Lane in Hackney when he wrote his will in 1778. Merchant. Estate probated in Jamaica in 1779. Slave-ownership at probate: 6 of whom 2 were listed as male and 4 as female. 4 were listed as boys, girls or children. Total value of estate at probate: £21356.26 Jamaican currency of which £332.5 currency was the value of enslaved people.

Presumably, the value of his compensation was £332.5. Solomon was Jewish, which is unusual for the records, by far the majority being Christian. I chose Solomon to show simply because he was the closest to my house.

Please do have a look at the UCL website:

https://www.ucl.ac.uk/lbs/

Britain began regulating the Slave trade in the late 18th Century, abolished the Slave Trade in 1807. Slavery, with the compensation to slave owners in 1833, was abolished but they replaced slavery with apprenticeship – in effect bound labour. This was ended in 1838.For more details look at https://www.parliament.uk/

Finally, I have been updating, revising and republishing many posts which you might enjoy reading before Christmas and the New Year seem too far in the past!

5 Replies to “Royal Africa Company Founded by Charles II January 10th 1663”

  1. Very interesting!
    In France, slavery in the colonies was abolished in 1794 during the Revolution
    ( First Republic), then Napoleon restored it in 1802 (there’s a controversy about the interpretation of this as it’s argued that he authorised the use of slaves in colonies where they were badly needed for the cultures, but not their trade), but he then abolished it in 1815 during ‘les 100 jours’…
    So slavery was definitively abolished in 1848 during the Second Republic.

    Reply

  3. Strange, because we think of Napoleon being radical and taking forward ideas of the Republic. Maybe he returned to his roots in that frantic period before Waterloo? Trying to get a coalition of support behind him.

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  4. Yes, he defended these ideas, but I guess he was being ‘pragmatic’…
    And trade remained forbidden.
    Joséphine was oroginary from the Martinique, so maybe there’s been some lobbying there!
    But he regretted it as he abolished it again in 1815 during his short ‘comeback” but to no avail…

    Reply

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