In the next two years, the company established its first factory in south India in the town of Machilipatnam on the Coromandel Coast of the Bay of Bengal. The high profits reported by the company after landing in India initially prompted King James I to grant subsidiary licences to other trading companies in England. But in 1609 he renewed the charter given to the company for an indefinite period, including a clause that specified that the charter would cease to be in force if the trade turned unprofitable for three consecutive years. COUNT 8
QSN1 Where was the first factory in south India? ANS1 town of Machilipatnam on the Coromandel Coast of the Bay of Bengal QSN2 In 1609 the charter was renewed for what period of time? ANS2 indefinite QSN3 what would happen if the trade did not return a profit for at least 3 years? ANS3 charter would cease to be in force QSN4 why did King James I licence other trading companies from england? ANS4 high profits QSN5 Where was the first factory in south India? ANS5 Machilipatnam QSN6 What initially moved King James 1 to grant subsidiary licences to other trading companies in England? ANS6 high profits QSN7 While the company was  giving an indefinite period when renewing thier charter what clause did King james use to make sure the company stayed profitable ANS7 the charter would cease to be in force if the trade turned unprofitable for three consecutive years. QSN8 how many years did the Merchants of London have to become profitabl when their charter was renewed by king james? ANS8 three consecutive years