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 Rh, were no doubt intended to be of pleasing variety and magnitude. The Company adhered strictly to promotion by seniority as vacancies occurred, from ship to ship when necessary. Captains were appointed to their ships before launching, in order that they might superintend their equipment and get them ready for sea. Midshipmen were appointed by the Court of Directors, and no youth of less than thirteen or over eighteen years was eligible. Second mates were required to be at least twenty-two, chief mates twenty-three, and commanders twenty-five years of age.

Captains were entitled to fifty-six and one half tons of space on board the ships commanded by them, which they might use at their discretion, either to collect the freight or to carry cargo on their own account, credit being furnished by the company for the latter purpose at the usual interest. The rate of freight ranged from £35 to £40 per ton, though in 1796 the Admiral Gardner, a ship of 813 tons, commanded by John Woolmore, Esq., was chartered for "six voyages certain" from London to India and return, at £50 for every ton of cargo carried. Even at the lowest rate of £35 per ton, the voyage out and home of about eighteen months yielded a captain some £3955, and if he carried goods on his own account, as was usually the case, he realized a much larger sum. Captains were also allowed primage, which was a percentage upon the total gross freight earned by the ship, and the passage money for passengers carried, except the Company's troops, less the cost of living. Considering that the passage money to or