Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Assertion (A): From about 1715 Bengali merchants preferred to opt for English carriage service and utilize English vessels for their freight traffic Reason (R): In entrusting their goods to a private English ship, they were in fact entrusting goods to the company, whose privileges private Englishmen enjoyed In the context of the above two statements which of the following is correct?

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