







 
   
     
       
         A modest offer of some meet considerations, tendred to the English about their coyne and trade, and particularly to East India
         Hall, Joseph, 1574-1656.
      
       
         
           1695
        
      
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         99831379
         35842
         
           
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             A modest offer of some meet considerations, tendred to the English about their coyne and trade, and particularly to East India
             Hall, Joseph, 1574-1656.
          
           1 sheet ([2] p)
           
             s.n.,
             [London :
             anno 1695]
          
           
             Imprint from colophon.
             By Joseph Hall.
             Reproduction of the original in the University of London, London.
          
        
      
    
     
       
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         eng
      
       
         
           East India Company -- Early works to 1800.
           Money -- England -- Early works to 1800.
           Commerce -- Early works to 1800.
        
      
    
     
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           A
           Modest
           Offer
           of
           some
           Meet
           Considerations
           ,
           tendred
           to
           the
           ENGLISH
           about
           Their
           Coyne
           and
           Trade
           ,
           and
           particularly
           to
           
             East
             India
          
           .
        
         
           THE
           Ordinary
           Means
           of
           Encreasing
           our
           Wealth
           being
           Foreign
           Trade
           ,
           Managed
           so
           that
           the
           Ballance
           be
           for
           Us
           ,
           not
           against
           Us
           ;
           And
           the
           Seat
           of
           our
           now
           War
           being
           distant
           from
           us
           ,
           (
           which
           is
           our
           Happiness
           )
           where
           we
           must
           pay
           our
           Armies
           and
           Fleet
           ,
           we
           ought
           to
           provide
           that
           Forreigners
           (
           be
           they
           Friends
           or
           Foes
           )
           do
           not
           get
           our
           Trade
           nor
           our
           Wealth
           from
           us
           .
        
         
           It
           doth
           behove
           us
           therefore
           to
           secure
           our
           Foreign
           Trade
           in
           the
           first
           place
           ,
           by
           safe
           guarding
           and
           wisely
           Conducting
           our
           Merchants
           Ships
           at
           Sea
           :
           Which
           may
           be
           done
           if
           our
           Naval
           Affairs
           and
           Strength
           (
           our
           chief
           and
           commanding
           Point
           )
           be
           put
           into
           the
           Hands
           of
           Men
           of
           Integrity
           ,
           Skill
           and
           Courage
           ,
           of
           Sobriety
           and
           Diligence
           ,
           and
           of
           desire
           to
           shorten
           the
           War.
           Such
           Men
           as
           these
           we
           may
           hope
           will
           effect
           the
           like
           Qualities
           in
           them
           they
           do
           Command
           ;
           and
           then
           from
           the
           Nature
           of
           the
           Thing
           ,
           and
           by
           Divine
           Ordination
           too
           ,
           we
           may
           expect
           all
           good
           Success
           .
           Our
           Armies
           and
           Fleet
           may
           then
           be
           paid
           abroad
           ,
           because
           the
           Goods
           we
           Import
           being
           Exported
           again
           will
           create
           Bills
           for
           us
           ,
           (
           which
           are
           not
           now
           to
           be
           had
           )
           and
           make
           the
           Exchange
           in
           our
           favour
           .
           The
           Kings
           Customs
           and
           our
           Wealth
           will
           encrease
           ,
           and
           the
           French
           being
           without
           Trade
           and
           Captures
           at
           Sea
           ,
           will
           the
           sooner
           be
           reduced
           to
           Extremity
           .
        
         
           The
           next
           Thing
           is
           our
           Money
           :
           Not
           to
           alter
           its
           Fineness
           ,
           Weight
           ,
           nor
           Denomination
           ,
           but
           to
           permit
           none
           that
           is
           (
           lip'd
           or
           False
           to
           pass
           in
           Payment
           ,
           and
           the
           Good
           at
           no
           higher
           Value
           than
           formerly
           .
           Our
           Mill'd
           Money
           ,
           as
           now
           it
           is
           ,
           is
           not
           only
           the
           Common
           and
           True
           Measure
           of
           our
           Lands
           ,
           and
           of
           all
           our
           Means
           in
           the
           Kingdom
           ,
           but
           also
           of
           our
           Foreign
           Commerce
           with
           Strangers
           ;
           therefore
           to
           alter
           it
           would
           bring
           us
           into
           Confusion
           and
           Loss
           too
           :
           For
           Gold
           and
           Silver
           being
           their
           Product
           ,
           not
           Ours
           ,
           when
           we
           add
           to
           its
           Value
           ,
           They
           have
           the
           Advance
           of
           us
           .
           This
           encreases
           the
           Ballance
           against
           us
           ,
           and
           we
           must
           pay
           it
           in
           Gold
           or
           Silver
           ,
           not
           at
           our
           Valuation
           ,
           but
           as
           the
           Exchange
           will
           allow
           ;
           which
           whilst
           we
           pay
           our
           Armies
           and
           Fleet
           abroad
           ,
           will
           not
           exceed
           
             Five
             Shillings
          
           our
           Mill'd
           Crown
           ,
           and
           
             Twenty
             Shillings
          
           the
           Guinea
           .
           And
           if
           ,
           as
           some
           propose
           ,
           we
           advance
           the
           one
           to
           
             Thirty
             Shillings
          
           ,
           and
           the
           other
           to
           
             Six
             Shillings
             Three
             Pence
          
           ,
           in
           Payment
           ,
           we
           thereby
           Add
           to
           Spain
           ,
           &c.
           50
           
             per
             Cent.
          
           in
           their
           Gold
           ,
           and
           25
           
             per
             Cent.
          
           in
           their
           Silver
           ,
           and
           Substract
           as
           much
           from
           our selves
           in
           all
           our
           Rents
           ,
           in
           all
           our
           Now
           made
           Contracts
           ,
           and
           Loans
           ,
           in
           all
           the
           Customs
           and
           Charges
           that
           Forreigners
           pay
           for
           Goods
           they
           Import
           here
           ,
           and
           in
           all
           we
           buy
           here
           and
           send
           abroad
           to
           Foreign
           Markets
           ,
           (
           in
           case
           that
           Strangers
           do
           buy
           the
           like
           with
           us
           )
           and
           in
           all
           that
           we
           do
           remit
           to
           discharge
           the
           Ballance
           upon
           us
           .
        
         
           When
           Gold
           or
           Silver
           from
           Abroad
           comes
           to
           pay
           their
           Debt
           to
           us
           ,
           it
           is
           Good
           ;
           but
           when
           to
           encrease
           our
           Debt
           to
           them
           ,
           it
           's
           an
           Evil
           to
           us
           :
           For
           it
           must
           go
           from
           us
           at
           less
           Value
           than
           it
           came
           to
           us
           We
           should
           therefore
           hasten
           to
           Extinguish
           this
           Ballance
           ,
           or
           lessen
           it
           all
           we
           can
           ,
           by
           safe
           guarding
           at
           Sea
           our
           Ships
           in
           Trade
           ,
           and
           by
           sending
           our
           own
           Product
           and
           Manufacture
           to
           Markets
           abroad
           upon
           equal
           Terms
           with
           Foreigners
           who
           buy
           them
           of
           us
           ;
           which
           cannot
           be
           done
           if
           we
           add
           to
           the
           Value
           of
           our
           Money
           :
           What
           we
           add
           they
           have
           our
           Manufacture
           ,
           &c.
           cheaper
           than
           our
           Merchants
           ,
           and
           then
           we
           lose
           our
           Trade
           too
           .
           The
           Course
           of
           all
           Exchanges
           in
           Time
           of
           Peace
           ,
           or
           when
           we
           are
           free
           and
           safe
           in
           Foreign
           Trade
           ,
           doth
           shew
           that
           generally
           our
           Mint
           at
           
             Twenty
             Shillings
          
           a
           Guinea
           ,
           and
           at
           
             Five
             Shillings
          
           the
           Mil'd
           Crown
           ,
           is
           the
           best
           Market
           in
           Europe
           for
           Gold
           and
           Silver
           ,
           it
           will
           then
           come
           to
           us
           ,
           and
           what
           we
           now
           part
           with
           for
           Payment
           of
           our
           Armies
           and
           Fleet
           abroad
           (
           which
           by
           the
           way
           will
           be
           done
           with
           one
           Third
           less
           if
           we
           do
           not
           advance
           our
           Money
           than
           if
           we
           do
           )
           will
           Return
           to
           us
           in
           Time
           of
           Peace
           ,
           and
           I
           hope
           it
           is
           not
           far
           off
           ,
           if
           it
           be
           ,
           I
           am
           sure
           ,
           when
           it
           comes
           it
           will
           be
           the
           better
           and
           more
           lasting
           with
           us
           for
           this
           War
           Upon
           the
           whole
           ,
           to
           advance
           our
           Crown
           to
           
             Six
             Shillings
             Three
             Pence
          
           can
           serve
           no
           Purpose
           of
           ours
           ,
           is
           needless
           ,
           and
           pernicious
           ,
           therefore
           not
           to
           be
           done
           .
        
         
           But
           if
           we
           do
           not
           reduce
           Guineas
           to
           21
           s.
           6
           d
           ,
           or
           22
           s.
           and
           make
           our
           Money
           good
           to
           5
           s.
           the
           Mill'd
           Crown
           ,
           and
           no
           more
           ,
           (
           as
           formerly
           it
           did
           pass
           in
           Payment
           ,
           )
           and
           stop
           the
           Currancy
           of
           Clip'd
           and
           False
           Money
           ,
           and
           if
           we
           do
           not
           make
           Forreign
           Trade
           free
           ,
           and
           safe
           to
           all
           the
           Subjects
           of
           England
           ,
           and
           put
           it
           so
           that
           they
           may
           set
           forth
           in
           it
           upon
           equal
           Terms
           with
           Foreigners
           ;
           I
           say
           if
           this
           be
           not
           done
           ,
           there
           can
           be
           no
           Paying
           our
           Armies
           and
           Fleet
           abroad
           ;
           consequently
           ,
           no
           Army
           or
           Fleet
           of
           ours
           there
           :
           Then
           the
           French
           will
           soon
           subdue
           our
           Allies
           ,
           and
           next
           us
           ,
           then
           Slavery
           and
           Popery
           will
           be
           the
           Lot
           of
           our
           Inheritance
           for
           ever
           ,
           and
           we
           with
           our
           Allies
           thus
           ruined
           ,
           shall
           soon
           end
           this
           War
           ,
        
         
           Object
           .
           
             But
             is
             not
             our
             Coin
             rather
             to
             be
             Ordered
             hereafter
             than
             now
             ,
             and
             by
             Degrees
             (
             the
             Guineas
             at
             least
             )
             than
             all
             at
             once
             .
          
        
         
           Answ
           .
           If
           we
           will
           go
           on
           with
           the
           War
           ,
           it
           must
           be
           done
           presently
           .
           Last
           Years
           Delay
           giving
           them
           opportunity
           for
           it
           ,
           some
           (
           I
           wish
           them
           branded
           )
           to
           distress
           our
           King
           by
           making
           the
           Payment
           of
           his
           Army
           in
           Flanders
           ,
           if
           not
           impossible
           yet
           very
           difficult
           and
           costly
           ,
           set
           upon
           the
           Project
           of
           raising
           Guineas
           ,
           others
           for
           their
           particular
           Gain
           did
           the
           like
           ,
           and
           these
           together
           advancing
           Guineas
           to
           30
           s.
           it
           left
           neither
           Silver
           nor
           Bills
           for
           Payment
           of
           the
           Army
           in
           Flanders
           ,
           and
           by
           that
           Means
           made
           it
           next
           to
           a
           Miracle
           that
           our
           King
           did
           subsist
           there
           the
           last
           Campaigne
           .
        
         
           Every
           Moment
           we
           delay
           ,
           our
           Clippers
           and
           false
           Coiners
           are
           at
           work
           ,
           and
           which
           is
           worse
           ,
           Guineas
           at
           30
           s.
           and
           Clipt
           and
           false
           Money
           from
           abroad
           is
           poured
           in
           upon
           us
           ,
           and
           so
           we
           encrease
           our
           Ballance
           and
           Loss
           by
           th●se
           degrees
           ,
           and
           this
           Delay
           .
           Now
           is
           a
           fit
           Time
           to
           do
           it
           ,
           when
           some
           ,
           confident
           that
           our
           5
           s.
           would
           be
           made
           6
           s.
           3
           d.
           have
           laid
           up
           in
           Silver
           Bullion
           about
           200000
           l.
           value
           ,
           that
           must
           be
           brought
           to
           our
           Mint
           ,
           or
           applied
           (
           which
           is
           as
           well
           )
           to
           pay
           our
           Armies
           abroad
           .
           The
           Bulk
           of
           the
           Guineas
           are
           now
           with
           (
           or
           of
           Right
           belong
           unto
           )
           Bankers
           ,
           Goldsmiths
           ,
           the
           India
           and
           Africa
           Companies
           ,
           Jews
           ,
           Stock-jobbers
           ,
           and
           the
           Victualers
           ,
           Agents
           ,
           or
           Under-payers
           of
           the
           Navy
           or
           Armies
           ,
           Persons
           well
           provided
           by
           the
           Gains
           they
           have
           had
           ,
           and
           who
           do
           now
           oppose
           the
           Fall
           of
           Guineas
           only
           because
           they
           shall
           lose
           by
           it
           .
           And
           the
           doing
           it
           by
           degrees
           cannot
           help
           us
           ,
           nor
           will
           it
           ease
           us
           in
           the
           least
           .
        
         
           The
           next
           Thing
           is
           the
           East-India
           Trade
           :
           Which
           ,
           though
           the
           most
           mischievous
           of
           any
           to
           us
           ,
           yet
           since
           we
           must
           have
           it
           ,
           and
           it
           is
           become
           in
           Value
           near
           one
           half
           of
           the
           Foreign
           Trade
           of
           the
           Kingdom
           ,
           it
           ought
           to
           be
           made
           National
           ,
           and
           secured
           that
           it
           be
           not
           lost
           to
           the
           Dutch
           (
           who
           by
           the
           continuance
           of
           our
           Now
           Company
           are
           much
           encreased
           in
           that
           Trade
           ,
           )
           nor
           gotten
           from
           us
           by
           the
           Scotch
           Company
           ,
           who
           Invested
           as
           it
           is
           in
           Act
           of
           Parliament
           ,
           and
           having
           
             Jews
             ,
             Hamburghers
             ,
             Hollanders
             ,
             English
             ,
          
           and
           some
           of
           other
           Nations
           ,
           Subscribers
           into
           it
           ,
           will
           soon
           (
           if
           not
           timely
           prevented
           )
           get
           that
           Trade
           ,
           and
           more
           Beneficial
           Trades
           from
           us
           ,
           I
           mean
           
           those
           to
           Guinea
           and
           West-India
           ,
           and
           perhaps
           all
           Trade
           :
           For
           the
           Grants
           in
           that
           Act
           set
           together
           ,
           make
           that
           Company
           as
           it
           were
           Universal
           Monarch
           of
           Trade
           .
        
         
           Now
           for
           Prevention
           against
           the
           One
           and
           the
           Other
           ,
           I
           do
           humbly
           offer
           against
           Establishing
           by
           Act
           of
           Parliament
           the
           East-India
           Trade
           in
           a
           Company
           with
           a
           Joint-Stock
           Exclusive
           of
           others
           the
           Subjects
           of
           England
           .
           For
           such
           Establishments
           of
           Trade
           in
           England
           are
           
             Malum
             in
             se
          
           ,
           Monopolies
           at
           Common
           Law
           ,
           for
           that
           they
           Give
           and
           Appropriate
           that
           to
           Some
           onely
           which
           is
           the
           Common
           Right
           of
           All
           :
           And
           in
           the
           Instance
           now
           before
           us
           ,
           do
           make
           but
           
             One
             Buyer
          
           for
           what
           is
           Exported
           ,
           and
           but
           
             One
             Seller
          
           for
           what
           is
           Imported
           ,
           to
           the
           Value
           of
           near
           One
           Half
           of
           the
           Foreign
           Trade
           of
           this
           Kingdom
           .
        
         
           It
           is
           true
           ,
           New
           Invention
           and
           Discovery
           hath
           alwayes
           been
           incouraged
           and
           rewarded
           with
           Exclusive
           Grants
           ;
           for
           that
           in
           those
           Cases
           no
           other
           have
           any
           Right
           Antecedent
           to
           the
           thing
           Granted
           .
           Yet
           even
           in
           these
           Cases
           ,
           it
           hath
           been
           usual
           with
           Parliaments
           to
           allow
           no
           more
           than
           Fourteen
           Years
           ,
           Exclusive
           to
           others
           the
           Subjects
           of
           England
           ,
           because
           they
           should
           not
           be
           long
           excluded
           in
           any
           Case
           .
           And
           for
           time
           out
           of
           mind
           ,
           the
           Wisdom
           of
           our
           Nation
           in
           Parliament
           hath
           condemned
           Exclusive
           Grants
           of
           Trade
           ,
           as
           appears
           in
           
             Magna
             Charta
          
           ,
           and
           in
           many
           other
           Statures
           Unrepealed
           .
        
         
           It
           may
           ,
           and
           most
           likely
           will
           ,
           endanger
           the
           Peace
           and
           Being
           of
           the
           English
           Monarchy
           .
        
         
           It
           is
           a
           most
           pernicious
           Contraction
           of
           Trade
           ,
           for
           that
           it
           cannot
           be
           extended
           to
           Persons
           so
           as
           to
           make
           it
           National
           .
           If
           the
           whole
           Trade
           of
           the
           Nation
           were
           Contracted
           as
           this
           to
           
             East
             India
          
           is
           ,
           it
           would
           soon
           Nationally
           perish
           ;
           for
           that
           the
           whole
           then
           in
           proportion
           ,
           would
           scarce
           enrich
           One
           Hundred
           and
           Sixty
           Persons
           ,
           and
           maintain
           very
           few
           Adventurers
           or
           Traders
           .
        
         
           If
           the
           Trade
           be
           thus
           settled
           for
           Twenty
           One
           Years
           ,
           it
           will
           for
           many
           of
           those
           Years
           Exclude
           from
           Trade
           the
           greater
           number
           of
           Merchants
           ,
           and
           many
           others
           ,
           as
           Minors
           ;
           Those
           who
           are
           not
           now
           in
           Cash
           ,
           and
           those
           who
           have
           their
           Trades
           swallowed
           up
           by
           this
           .
        
         
           Future
           Admission
           into
           this
           Trade
           will
           be
           precarious
           ,
           very
           costly
           ,
           and
           may
           be
           lost
           .
        
         
           It
           will
           cause
           the
           Dutch
           and
           Scotch
           to
           surmount
           us
           in
           this
           Trade
           .
           Where
           our
           Trade
           is
           without
           a
           Company
           we
           out-do
           the
           Dutch
           ;
           and
           where
           we
           have
           a
           Company
           and
           they
           none
           ,
           they
           out-do
           us
           .
           Therefore
           ,
        
         
           The
           Dutch
           above
           all
           things
           desire
           the
           Continuance
           of
           the
           Now
           Company
           in
           England
           .
           They
           by
           their
           Agents
           here
           in
           1656
           ,
           importuned
           O.C.
           to
           establish
           the
           Now
           Joynt-Stock
           .
        
         
           It
           will
           unavoidably
           give
           being
           and
           support
           unto
           Stock-Jobbing
           .
           The
           loss
           of
           Estates
           by
           Cheats
           this
           way
           ,
           and
           by
           the
           Monopolists
           double
           Tax
           upon
           us
           of
           One
           Buyer
           and
           One
           Seller
           ,
           in
           so
           great
           a
           Trade
           as
           this
           is
           ,
           will
           in
           less
           than
           Twenty
           Years
           exceed
           Two
           Millions
           .
        
         
           The
           Proposal
           in
           ease
           of
           our
           Lands
           to
           raise
           Money
           by
           such
           Grants
           ,
           if
           accepted
           ,
           will
           lessen
           the
           Value
           of
           our
           Lands
           ,
           and
           soon
           rid
           us
           of
           them
           .
        
         
           The
           Benefits
           to
           our
           Nation
           are
           many
           ,
           if
           the
           Trade
           to
           India
           be
           Free
           ,
           or
           in
           a
           Regulated
           Company
           ,
           without
           a
           Joynt-Stock
           .
        
         
           Ingenuity
           will
           be
           encouraged
           .
           New
           Places
           of
           Trade
           will
           be
           applyed
           to
           ,
           others
           Discovered
           .
           More
           of
           the
           Sons
           of
           our
           Gentry
           may
           be
           sent
           Factors
           .
           It
           will
           increase
           the
           Exportation
           of
           our
           Manufacture
           and
           Product
           .
           It
           will
           enable
           us
           to
           furnish
           Europe
           with
           all
           the
           Commodities
           of
           those
           Countries
           ,
           much
           Cheaper
           than
           the
           Dutch.
           It
           will
           add
           to
           our
           Navigation
           ,
           and
           Augment
           the
           Kings
           Custom
           ,
           Stock-Jobbing
           will
           cease
           .
           And
           it
           will
           prevent
           taking
           up
           Money
           at
           Interest
           upon
           a
           Common
           Seal
           ,
           which
           as
           done
           by
           our
           Now
           Company
           ,
           is
           a
           thing
           very
           unequal
           and
           hazardous
           to
           the
           Subject
           ;
           and
           make
           it
           impossible
           to
           do
           the
           Evil
           Deeds
           our
           Now
           Company
           hath
           done
           (
           and
           if
           continued
           may
           do
           )
           here
           and
           in
           India
           ,
           fully
           proved
           upon
           them
           before
           the
           Commons
           in
           Parliament
           .
        
         
           The
           India
           Trade
           hath
           been
           carried
           on
           better
           for
           the
           Nation
           without
           a
           Company
           in
           a
           Joynt-Stock
           than
           with
           one
           ,
           and
           may
           be
           so
           again
           .
        
         
           Forts
           and
           Castles
           in
           India
           ,
           if
           we
           have
           them
           ,
           cannot
           defend
           us
           in
           case
           the
           Dutch
           ,
           or
           French
           ,
           or
           Indians
           ,
           be
           our
           Enemies
           ;
           but
           may
           tempt
           us
           (
           as
           it
           did
           the
           Now
           Company
           )
           to
           offend
           them
           ,
           or
           create
           a
           Jealousie
           in
           the
           India
           Princes
           of
           us
           ,
           and
           by
           that
           means
           tempt
           them
           to
           offend
           us
           .
        
         
           And
           however
           Joynt-Stocks
           in
           Trade
           may
           have
           been
           used
           here
           in
           the
           Infancy
           of
           Foreign
           Trade
           ,
           and
           granted
           by
           Kings
           to
           a
           number
           of
           Subjects
           named
           ,
           (
           the
           intention
           whereof
           was
           not
           particular
           but
           to
           them
           in
           Trust
           for
           the
           general
           good
           ,
           and
           in
           prospect
           of
           a
           future
           opening
           it
           unto
           National
           Benefit
           )
           yet
           now
           when
           we
           of
           this
           Kingdom
           are
           arrived
           at
           the
           utmost
           degree
           of
           Experience
           in
           Commerce
           with
           all
           Countries
           ,
           I
           cannot
           see
           any
           Reason
           why
           the
           Subjects
           should
           lose
           their
           Right
           ,
           or
           should
           be
           clogg'd
           by
           Joynt-Stocks
           to
           the
           great
           Dammage
           of
           the
           Nation
           ,
           as
           I
           have
           before
           made
           evident
           .
        
         
           What
           I
           have
           here
           said
           with
           respect
           to
           the
           India
           Trade
           ,
           is
           applicable
           to
           the
           Guinea
           Trade
           also
           .
        
         
           I
           am
           Troubled
           for
           the
           late
           Loss
           of
           Six
           Ships
           coming
           from
           the
           East-Indies
           ,
           whereof
           Two
           were
           Interlopers
           ;
           the
           whole
           ,
           I
           compute
           ,
           did
           cost
           them
           in
           India
           Three
           Hundred
           Thousand
           Pounds
           ,
           not
           more
           .
           But
           I
           cannot
           infer
           thence
           any
           Reason
           for
           an
           Exclusive
           Grant
           of
           that
           Trade
           :
           For
           if
           so
           ,
           then
           the
           Interlopers
           who
           lost
           One
           Third
           ,
           must
           have
           One
           Third
           of
           that
           Trade
           ,
           Exclusive
           of
           the
           Now
           Company
           .
           And
           by
           a
           Parity
           of
           Reason
           ,
           the
           Now
           
             Jamaica
             ,
             Barbadoes
          
           ,
           and
           West-India
           Merchants
           ,
           who
           during
           this
           War
           have
           sustained
           greater
           Loss
           ,
           must
           have
           Grants
           of
           those
           Trades
           ,
           Exclusive
           of
           all
           others
           ;
           which
           if
           done
           ,
           would
           make
           it
           cruel
           pity
           ,
           and
           most
           unjust
           .
           As
           it
           had
           been
           if
           when
           London
           in
           1666
           was
           burnt
           ,
           we
           to
           Rebuild
           it
           ,
           in
           compassion
           to
           them
           ,
           had
           Taxed
           the
           Nation
           to
           the
           value
           of
           all
           our
           Lands
           .
        
         
           To
           prevent
           Scotland
           being
           the
           Chief
           Seat
           of
           all
           Trade
           ,
           or
           as
           it
           were
           the
           Universal
           Monarch
           in
           it
           ;
           I
           think
           we
           ought
           to
           make
           that
           design
           (
           if
           we
           can
           )
           Abortive
           :
           And
           I
           think
           it
           will
           be
           so
           in
           case
           our
           Parliament
           shall
           please
           .
        
         
           
             (
             1.
             )
             To
             Declare
             that
             the
             East-India
             Trade
             is
             and
             shall
             be
             Free
             to
             all
             the
             Subjects
             of
             England
             .
             And
             that
             it
             shall
             be
             Managed
             in
             a
             Regulated
             Company
             (
             as
             the
             Turkey
             ,
             or
             as
             near
             it
             as
             may
             be
             )
             without
             a
             Joynt-Stock
             ,
             except
             a
             small
             One
             to
             defray
             the
             Common
             and
             Necessary
             Charges
             of
             Embassadors
             ,
             &c.
             And
             ,
          
           
             (
             2.
             )
             That
             from
             and
             after
             the
             end
             of
             the
             Session
             of
             Parliament
             ,
             which
             shall
             be
             in
             the
             Year
             1697
             ,
             in
             case
             it
             shall
             appear
             that
             the
             East-India
             Company
             in
             Scotland
             have
             made
             any
             progress
             in
             Trade
             ,
             that
             then
             all
             Goods
             Imported
             from
             East-India
             ,
             in
             English
             Ships
             and
             by
             English
             Men
             ,
             shall
             be
             Custom
             free
             .
          
        
         
           To
           induce
           the
           former
           I
           have
           said
           enough
           before
           ;
           and
           to
           enforce
           the
           latter
           I
           say
           ,
           That
           the
           doing
           it
           will
           not
           lessen
           Our
           Kings
           Revenue
           (
           comparatively
           )
           One
           Peny
           :
           For
           if
           it
           be
           not
           done
           ,
           and
           the
           Scots
           do
           proceed
           in
           that
           Trade
           ,
           &c.
           as
           it
           is
           Enacted
           or
           Granted
           to
           them
           ,
           we
           shall
           not
           Import
           any
           thing
           from
           
             India
             ,
             &c.
          
           because
           they
           will
           have
           gotten
           all
           that
           Trade
           from
           us
           .
        
         
           A
           Court
           of
           Merchants
           might
           be
           of
           use
           to
           us
           at
           this
           Time.
           
        
         
           
             LONDON
             ,
             Anno
          
           1695.
           
        
      
    
     
  

