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{{distinguish|Company of Merchant Adventurers of London}}
The '''Company of Merchant Adventurers to New Lands''' was an early joint stock association, which began with private exploration and enterprise, and was to have been incorporated by King [[Edward VI]] in 1553, but received its full [[Royal Charter]] in 1555. It led to the commencement of English trade with Russia, Persia and elsewhere, and became known informally, and later formally, as the [[Muscovy Company]]. ▼
▲The '''Company of Merchant Adventurers to New Lands''' was an early joint stock association, which began with private exploration and enterprise, and was to have been incorporated by King [[Edward VI]] in 1553, but received its full [[
==First phase==▼
▲==First phase==
The Company was formed in
<blockquote>"divers very good Subiects of this Realme of England in the latter end of the reigne of the late right high and mightie prince our Soueraigne Lord king Edward the sixt, at the gracious incouragement and right good liking of the said king, and by his Maiesties liberall example, did at their aduenture, and to their exceeding great charges, and for the glory of God, the honor and increase of the reuenues of the Crowne, and the common vtilitie of the whole Realme of England, set forth three ships for the discoverie by sea, of Iles, lands, territories, dominions and Seigniories vnknowen, and by the Subiects of the sayd late king not commonly by seas frequented: and after that Almightie God [...] called to his mercie the said king, who died before the finishing and sealing of his most ample and gracious letters of priuiledges promised to the sayd Subiects..."<ref>
The purpose of the Company was to seek a new, northern trade route to [[Cathay]] (
The first expedition of the Company was led by Willoughby seeking the [[Northeast Passage]] to
Chancellor returned to the White Sea in March 1554 and arrived back in London in the autumn, bearing a letter from Tsar Ivan to the English king, welcoming trade between the two Christian nations. By this time King Edward had died and Queen Mary was ruling in England.
==The Charter of Incorporation, 1555==
In 1555 the Company received its formal royal approbation in a Charter of Incorporation issued under the date 6 February 1554/5 (but long afterwards amended to 26 February) by [[Mary I of England|King Philip and Queen Mary]], of which the full name was <blockquote>"The Marchants Adventurers of England for the Discovery of Lands, Territories, Iles, Dominions and Seigniories Unknowen, and Not before that Late Adventure or Enterprise by Sea or Navigation Commonly Frequented"<ref>Goldsmid (ed.), ''Principal Navigations'', III Part ii (1886), [https://archive.org/stream/cihm_33119#page/n109/mode/2up pp. 101-112.] </ref></blockquote> as one body and perpetual Fellowship and Commonalty. The promoters of this Charter are headed by [[William Paulet, 1st Marquess of Winchester|William Marquess of Winchester]] (Lord high Treasurer), [[Henry FitzAlan, 19th Earl of Arundel|Henry Earl of Arundel]] (Lord Steward of the Household), [[John Russell, 1st Earl of Bedford|John Earl of Bedford]] (Lord Keeper of the Privy Seal), [[William Herbert, 1st Earl of Pembroke (died 1570)|William Earl of Pembroke]], and [[William Howard, 1st Baron Howard of Effingham|William Lord Howard of Effingham]] (Lord
The Charter constituted the Company under its Governor, Sebastian Cabot ("the chiefest setter forth of this iourney or voyage"), with four Consuls, [[George Barne II|Sir George Barne]], [[William Garrard]], [[Anthony Hussey]] and [[John
The Company sent Richard Chancellor again to the White Sea in 1555, in the ''Edward Bonaventura'' and the ''Philip and Mary'', where he learnt of the fate of Willoughby and spent 1556 in further exploration and negotiations with the Tsar. Having recovered and refitted the ''Bona Esperanza'' and ''Bona Confidentia'', he set out to return, taking with him the first Russian Ambassador to England, Osip
==Elizabeth's Charter of 1566==
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