The major concern for merchants was that the Tea Act gave the East Indian Company, a monopoly on the tea trade, and it was feared that this government-created monopoly might be extended in future to include other goods. Therefore, one night in 1773, some settlers disguised as Red Indians raided a British ship in Boston harbour and threw crates of tea into sea. The representatives of the colonies appealed to King George III, the British ruler at the time, to withdraw all oppressive rules and taxes.