General Court meets in London.

(Nov.) The court agrees that the Massachusetts Bay Company’s joint fund would be controlled by two groups, one headed by Craddock and four other “adventurers” (investors) in London; the other by Winthrop, Dudley, Johnson, John Revell, Saltonstall, “planters” (settlers) in New England. At the end of seven years, the fund is to be “divided every man proportionately according to his adventure.” The joint fund is to be replenished by a seven -year- monopoly on trade in furs, salt, and munitions and the “transportation of passengers and goods.”