A motion to the East India Company by Thomas Smethwike (an adventurer with them) vpon the reasons following Smethwike, Thomas. 1629 Approx. 4 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2008-09 (EEBO-TCP Phase 1). A12330 STC 22645.5 ESTC S3258 33143236 ocm 33143236 28317

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Early English books online. (EEBO-TCP ; phase 1, no. A12330) Transcribed from: (Early English Books Online ; image set 28317) Images scanned from microfilm: (Early English books, 1475-1640 ; 1885:100) A motion to the East India Company by Thomas Smethwike (an adventurer with them) vpon the reasons following Smethwike, Thomas. 1 sheet ([1] p.). s.n.], [London : Febr. 19, 1628 [i.e. 1629] Place of publication from STC (2nd ed.). Proposal to reduce the time ships delay in India waiting for return cargo. Reproduction of original in: Society of Antiquaries.

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eng East India Company. Trading companies -- Great Britain -- Early works to 1800. Great Britain -- Commerce -- India. India -- Commerce -- Great Britain. Broadsides -- London (England) -- 17th century. 2007-08 Assigned for keying and markup 2007-08 Keyed and coded from ProQuest page images 2007-09 Sampled and proofread 2007-09 Text and markup reviewed and edited 2008-02 Batch review (QC) and XML conversion
A motion to the East India Company by Thomas Smethwike ( an Adventurer with them ) vpon the reasons following .

VVE haue now in India vpon the old stocks accompt and charge by the Committees owne shewing , 13 good ships of 5500 tonns , besides 860 tons of trading ships and certaine frigots , &c.

Whereof 5 of 2200 tons arrived there 28 months agoe , 5 of 2200 tons 15 months agoe , and 3 of 1100 tons may be arrived there about 4 months since .

What should cause our ships to stay so long , if there were stock to buy their lading ?

Or how should they be reladen thence in due time , if stock be wanting there ?

All our Factors in their letters ( both formerly and of late received ) cry out amaine for want of stock to trade withall , which hath maymed the trade , And say , they cannot dispatch the ships in due time , without meanes aforehand , and that 200 M. l more then they haue , is little enough to dispatch the ships already there .

5500 tons in ordinary good wares , ( by the Comittees owne shewing ) will cost there 236 M. l.

By their shewing we haue in all India but 90 M. l. whereof 60 M. l. not yet knowne to be arrived .

So ( admitting all arrived ) there wants to lade the ships already in India 146 M. l.

This great vvant hath not hapned by any late disaster , but is rather lessned by 1200 tons of shipping lately fired and laid vp there without any goods lost in them , and by opening the trade of Bantam where pepper is cheape , neither hath this want of stock beene vnknowne here , for a yeere , or two , or more .

It seemes the 2 ships now going for the old stocks accompt ( of 1600 tonns ) are not to carry much more then will relade them with good wares ( though not diminished by charges of ships and Factors already there ) and if we trade in course and bulky wares onely , it is granted already we had better sit still .

Nay vnlesse we send this yeere meanes aforehand to provide good lading for ships to goe hence the next yeere with fresh capitalls , we shall still trade to losse .

The sending of 50 or 100 M. l. this yeere aforehand ( in all probability ) will be as good as twise so much sent the next yeere , and so from yeere to yeere , And then halfe the treasure yeerely to be transported will serue the turne ; but sparingly sent , and many ships there vpon charge , it will be consumed before its arrivall .

Our ships ( now adaies ) doe vsually stay 18 or 20 months too long in India to their Ruine , and spending as much ( brought a yeere or two after in other ships ) as being sent aforehand might well buy and pay for their lading in due time , and so returne strong . Yet our Factors continually owe there mnch money at a high ratc of interest .

By sending meanes aforehand Merchantlike , we may profit much by trading there from port to port , and buy our wares at the best hand . We may avoid the great and needlesse charge of many great ships staying long in India ; of paying a high rate of interest there , the losse of our Mariners , the decay of our shipping , and so their comming home in much danger . And then doubtlesse this trade may againe yeeld the Adventurers 3 for one every 3 yeeres ( as vsually it did ) by the blessing of God. Yea if examination be had , it will appeare the returnes from India this yeere ( vpon a reasonable fraight allovved ) produce neere 3 for one vvithout help of stock aforehand ; and therefore very strange the old stock ( so great and so long employed ) should produce so dismall a reckoning as it doth .

The motionis . That the next weeke may be appointed for the Company to parlee , & consult together for the good of the trade in generall , and of the old decayed stocke in particular . Such as are Adventurers in the old stocke , and not in the new , to meete by themselues , and the new Adventurers by themselues . And then doubtlesse ( mett together ) they will agree vpon some good course to be taken that the Trade may be amplie mainteined , and the Adventurers stocke not still runne ( as long it hath ) to perdition for want of meanes in India aforehand : And perhaps put an end to all the controversies that now are ( and like to be ) amongst the Company .

FEBR. 19. 1628.