On 21 September 1668, the Royal Charter of 27 March 1668, led to the transfer of Bombay from Charles II to the English East India Company for an annual rent of £10. Sir George Oxenden became the first Governor of Bombay under the regime of the English East India Company. Gerald Aungier, who became Governor of Bombay in July 1669, established the mint and printing press in Bombay and developed the islands into a centre of commerce.
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