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Austrian colonial policy
From the 17th century through to the 19th century, the Habsburg monarchy, Austrian Empire, and (from 1867 to 1918) the Austro-Hungarian Empire made a few small short-lived attempts to expand overseas colonial trade through the acquisition of factories. In 1519–1556 Austria's ruler also ruled Spain, which did have a large colonial empire.
The colonial domains of the dual monarchy Austria-Hungary, 1867–1918, are covered in Austro-Hungarian rule in Bosnia and Herzegovina. Keeping it under control was a major factor in Austro-Hungarian entry into World War I in 1914. All the other small attempts were ended due to international pressure, or lack of interest from the Imperial government and opposition from Hungarians high in the government.
The Ostend East India Company was a private merchant company formed in 1715, based in the Southern Netherlands in what is now Flemish Belgium. The Emperor provided the company with 6 million guilders, as a public-private monopoly with 6,000 shares, set at 1,000 guilders each. Due to the speed of the Ostender's trade ships, the company, within a couple of years became one of the largest trading firms in the East and Canton. By 1720, the Ostend Company had been transporting 7 million pounds of tea, which was about 41.78% of the tea traded from the Port of Canton.
The private Ostend Company consisted of two Flemish brothers-in-law, Paulo Cloots and Jacomo de Pret, who formed a consortium with two Dutch merchant houses of De Bruyn and Geelhand; Cloots and de Pret also invited the two London houses of Hambly and Trehee, and the French baker Antoine Crozat to invest in the company. After seven years of profitable ventures, and much fighting between other merchants in Antwerp and Ghent, Charles VI agreed to its petition of official charter.
In 1715, the Ostend Company acquired trading charters in the ports of Mocha, Surat, and Canton. In 1723, the Ostender's obtained trading ports in the lucrative harbors of Banquibazar and Cabelon. The trade missions to Mocha were initially successful, but due to the wreck of the Mochaman, a trade vessel headed to the Red Sea in 1720, and the capture of a home-bound vessel by the Barbary Pirates in 1723, Mocha eventually turned into a heavy loss. The ports of Surat and Canton however, continued to be quite profitable. All the profits went to the Southern Netherlands and none to Austria.
The company had become such a threat to British, Dutch, Portuguese, and French interests, that when Emperor Charles VI promulgated the edict of the Pragmatic Sanction of 1713, it was refused international recognition on the grounds of Ostend Company's success in the East Indies. These International political pressures ended its extraordinary growth, and in 1727 the charter was suspended, leading to the company being dissolved by 1732.
After the Imperial government's withdrawal of the Ostend Company's charter, the Great Powers accepted the Pragmatic Sanction. The suspension also allowed the Austrians to sign the Treaty of Vienna (1731) with the British; which allied both powers in the Anglo-Austrian Alliance.
Maputo Bay, formerly also known as Delagoa Bay from Baía da Lagoa in Portuguese, is an inlet of the Indian Ocean on the coast of Mozambique. In 1776, an expelled British trade official, Colonel William Bolts, approached the Austrian Imperial Court with a request to found a trading company to explore possible routes in Africa, India, and China. Empress Maria Theresa was intrigued and decided to form the Austrian Asiatic Company of Trieste, with Bolts as the head of the company. Colonel Bolts had previously been under the service of the British East India Company and was already competent in trade and colonization efforts. Bolts had also heard that the area was a possible site for gold mining.
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Austrian colonial policy
From the 17th century through to the 19th century, the Habsburg monarchy, Austrian Empire, and (from 1867 to 1918) the Austro-Hungarian Empire made a few small short-lived attempts to expand overseas colonial trade through the acquisition of factories. In 1519–1556 Austria's ruler also ruled Spain, which did have a large colonial empire.
The colonial domains of the dual monarchy Austria-Hungary, 1867–1918, are covered in Austro-Hungarian rule in Bosnia and Herzegovina. Keeping it under control was a major factor in Austro-Hungarian entry into World War I in 1914. All the other small attempts were ended due to international pressure, or lack of interest from the Imperial government and opposition from Hungarians high in the government.
The Ostend East India Company was a private merchant company formed in 1715, based in the Southern Netherlands in what is now Flemish Belgium. The Emperor provided the company with 6 million guilders, as a public-private monopoly with 6,000 shares, set at 1,000 guilders each. Due to the speed of the Ostender's trade ships, the company, within a couple of years became one of the largest trading firms in the East and Canton. By 1720, the Ostend Company had been transporting 7 million pounds of tea, which was about 41.78% of the tea traded from the Port of Canton.
The private Ostend Company consisted of two Flemish brothers-in-law, Paulo Cloots and Jacomo de Pret, who formed a consortium with two Dutch merchant houses of De Bruyn and Geelhand; Cloots and de Pret also invited the two London houses of Hambly and Trehee, and the French baker Antoine Crozat to invest in the company. After seven years of profitable ventures, and much fighting between other merchants in Antwerp and Ghent, Charles VI agreed to its petition of official charter.
In 1715, the Ostend Company acquired trading charters in the ports of Mocha, Surat, and Canton. In 1723, the Ostender's obtained trading ports in the lucrative harbors of Banquibazar and Cabelon. The trade missions to Mocha were initially successful, but due to the wreck of the Mochaman, a trade vessel headed to the Red Sea in 1720, and the capture of a home-bound vessel by the Barbary Pirates in 1723, Mocha eventually turned into a heavy loss. The ports of Surat and Canton however, continued to be quite profitable. All the profits went to the Southern Netherlands and none to Austria.
The company had become such a threat to British, Dutch, Portuguese, and French interests, that when Emperor Charles VI promulgated the edict of the Pragmatic Sanction of 1713, it was refused international recognition on the grounds of Ostend Company's success in the East Indies. These International political pressures ended its extraordinary growth, and in 1727 the charter was suspended, leading to the company being dissolved by 1732.
After the Imperial government's withdrawal of the Ostend Company's charter, the Great Powers accepted the Pragmatic Sanction. The suspension also allowed the Austrians to sign the Treaty of Vienna (1731) with the British; which allied both powers in the Anglo-Austrian Alliance.
Maputo Bay, formerly also known as Delagoa Bay from Baía da Lagoa in Portuguese, is an inlet of the Indian Ocean on the coast of Mozambique. In 1776, an expelled British trade official, Colonel William Bolts, approached the Austrian Imperial Court with a request to found a trading company to explore possible routes in Africa, India, and China. Empress Maria Theresa was intrigued and decided to form the Austrian Asiatic Company of Trieste, with Bolts as the head of the company. Colonel Bolts had previously been under the service of the British East India Company and was already competent in trade and colonization efforts. Bolts had also heard that the area was a possible site for gold mining.