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A60024 A short abstract of a case which was last sessions presented to the Parliament: being a true relation of the rise and progress of the East-India Company shewing how their manufactures have been, are, and will be prejudicial to the manufactures of England, and what endeavours have been used for and against any restrictions. Together with some remarks and query's thereon. 1700 (1700) Wing S3529; ESTC R184143 2,050 4

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A short Abstract of a Case which was last Sessions presented to the Parliament Being a true Relation of the Rise and Progress of the East-India Company The Case is since Reprinted and Sold by A. Baldwin in Warwick-Lane London shewing how their Manufactures have been are and will be prejudicial to the Manufactures of England and what endeavours have been used for and against any Restrictions Together with some Remarks and Query's thereon THat for several Years after the East-India Company was Establish'd they were afraid to bring in Manufactur'd Goods which they knew were very prejudicial to our own But now by their great Stock and Interest they are got over these Fears and bring in vast quantities opposing all kind of Restraint tho they are convinc'd and have declared their Manufactures are prejudicial to this Kingdom That as their Manufactures increas'd our own were discouraged and Wooll reduced so low that an Act was made for Burying in Woollen and the Manufacturers at the same time reduced to great Necessities and many ruined thereby That during great part of the late War the East India Trade was under some Discouragement and while it was so our English Manufactures flourished very much and extended to several Places where before the People were out of Employment Wooll advanced and bore a good Price and all other Provisions raised proportionably That the English Manufacturers finding the East-India Traders endeavouring to get an Establishment by Act of Parliament and knowing how fatal it might prove to their Manufactures unless they were in some measure restrain'd made their Application to the Parliament and in Two succeeding Sessions a Restraining Bill was past in their Favour in the House of Commons and a Third being drawn up in a different Method to the Two former was stopt thereupon That the Proposal of advancing Two Millions for the Supply of the Government was the great Inducement for the Establishment of the New Company And the Reasons the Manufacturers did not then so vigorously complain and sollicite against the Establishment as formerly they had done proceeded from the Fair Promises given by the New East-India Men and the Hope of a more favourable Opportunity being unwilling to disturb the Loan so necessary then to be raised That the Manufacturers being deceived by these East India Traders Fair Promises and finding that the late great Importation and Wear of their Indian Manufactures are increasing and have already in a great measure ruin'd the Canterbury Trade and obliged the London Weavers to fall upon all sorts of Woollen Manufactures to the Prejudice and may in a short time prove to the utter Ruine of several Places where such Manufactures have for a long time been established are therefore come again to represent their Deplorable Case and Pray the Consideration of this Parliament and hope they will be pleased to consider it as well as either the Old or New East-India Companies Cases Remarks Since the Presenting the Case above mentioned There has been from the 20th of May 1699 This appears by a Printed List which is Sold by Edw. Loyd at his Coffee-House in Lumbard-street to the 4th of September 1699 arrived in England from the East-Indies and China Ten Ships which have brought in above Five Hundred Thousand Pieces of Manufactured Goods which are by very intelligent Persons computed to be worth about One Million of Pounds Sterling which vast quantity has already reduced the Manufactures of this Kingdom to which they are opposite to a very low Price which has in a great measure ruined the Manufactures in London Norwich and in divers other Places as is ready more fully to be made appear That there is now gone to the East Indies and China Vide Loyd 's List Two Millions sent to India Fifty Ships which are computed at near 400 Tuns per Ship one with the other and by a modest Computation are reckoned to have carried with them near Two Millions of Bullion which is about Forty Thousand Pounds per Ship That all these Ships Five Millions of Manufactures to be brought in two Year and an Half or as great a number are expected to make a Return in Two Years and an half and their Cargo may reasonably be supposed and valued when they return at Six Million it being common to make about Treble the First Cost And it is reasonable to suppose that Five Parts will be in Manufactures And how far this may further dammage and ruine the Trade of this Kingdom is submitted to consideration Two Queries If the increase of the Woollen Manufactures in Ireland was judged Prejudicial Query 1 and would inevitably sink the value of the Lands in England and Ruin our Trade because the Irish could under-work and so under-sell us as the Act for restraining that Trade sets forth Will not the East-India Manufactures do the same and deserve the Consideration of the Parliament Query 2 as well as the Irish Whether the great Complaints made in Flanders Vide. The Essay upon the probable Methods of making a People Gainers by Trade p. 128. and other Foreign Parts of the decay of their Linnen Manufactures and their setting up Woollen Manufactures do not as the Author of the Essay on Ways and Means tell us proceed from the expence of East-India Linnens which are here worn in their stead and whether their late Prohibition of our Woollen Manufactures do not proceed more from that Cause than from the late Act made for the more effectual restraining the Importation of Flanders Lace An Abstract Of a Case shewing how East-India Manufactures are prejudicial to England c. With some Remarks and Query's thereupon