10 May 1773 A.D. George III gives royal assent to 1773 Tea Act
10 May 1773 A.D. George III gives royal assent to 1773 Tea Act Editors. “ 1773 – George III gives royal assent to the Tea Act of 1773, taxing all tea in the colonies.” This Day in U.S. Military History. N.d. https://thisdayinusmilhist.wordpress.com/2014/05/10/may-10/ . Accessed 6 May 2015. 1773 – George III gives royal assent to the Tea Act of 1773, taxing all tea in the colonies. The principal, overt, objective of the act was to reduce the massive surplus of tea held by the financially troubled British East India Company in its London warehouses and to help the struggling company survive. A related objective was to undercut the price of illegal tea, smuggled into Britain’s North American colonies. This was supposed to convince the colonists to purchase Company tea on which the Townshend duties were paid, thus implicitly agreeing to accept Parliament’s right of taxation. The Act granted the Company the right to directly ship its tea to North America and the right...