1712, Ceylon (Dutch United East India Company/VOC). Copper Stuiver Coin. F+
Condition: F+ Mint Year: 1712 Denomination: Stuiver Reference: KM-19.1 ($20 in G!) Issuer: United East India Company (VOC) Material: Copper Weight: 13.34gm Diameter: 21mm
Obverse: Value ("I St" = 1 Stuiver) within wreath.
Reverse:Value ("I St" = 1 Stuiver) within wreath.
Dutch Ceylon (Sinhala: ලන්දේසි ලංකාව Landesi Lankava) was a governorate established in present-day Sri Lanka by the Dutch East India Company. It existed from 1640 until 1796. In the early 17th century, Sri Lanka was partly ruled by the Portuguese and Sri Lankan kingdoms, who were constantly battling each other. Although the Portuguese were not winning the war, their rule was rather burdensome to the people of those areas controlled by them. While the Dutch were engaged in a long war of independence from Spanish rule, the Sinhalese king (the king of Kandy) invited the Dutch to help defeat the Portuguese. The Dutch interest in Ceylon was to have a united battle front against the Iberians at that time.
The Dutch East India Company (Vereenigde Oost-Indische Compagnie or VOC in Dutch, literally "United East Indian Company") was a trading company, which was established in 1602, when the States-General of the Netherlands granted it a 21-year monopoly to carry out colonial activities in Asia. It was the first multinational corporation in the world and the first company to issue stock. It was also arguably the world's first megacorporation, possessing quasi-governmental powers, including the ability to wage war, negotiate treaties, coin money, and establish colonies.
The Dutch East India Company remained an important trading concern for almost two centuries, paying an 18% annual dividend for almost 200 years. In its declining years in the late 18th century it was referred to as Vergaan Onder Corruptie which translates as 'Perished By Corruption'. The VOC became bankrupt and was formally dissolved in 1800, its possessions and the debt being taken over by the government of the Dutch Batavian Republic. The VOC's territories became the Dutch East Indies and were expanded over the course of the 19th century to include the whole of the Indonesian archipelago, and in the 20th century would form Indonesia.