On 27 April 1610 James I granted a charter to Henry Howard, 1st Earl of Northampton, Keeper of the Privy Seal, and others including John Guy and his brother Philip Guy, which incorporated them as the "Treasurer and Company of Adventurers and Planters of the Cities of London and Bristol, for the purpose of colonising Newfoundland, and comprehending as their sphere of action the southern and eastern parts of the new found land between 46° and 52° N. L."