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A62342 The scheme of the subsequent discourse : an East-India trade is highly advantageous to the true interest of England True Englishman. 1683 (1683) Wing S865A; ESTC R8224 5,047 1

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Factories Priviledges and English Interest lost 4. It will cause a greater Export of Bullion and Coin than in a Company nor can it be Controlled 5. A Ship Laden with Europe Commodities only shall not find Vend at any one Port from the Cape of Good Hope to Surrat nor from Surrat to the Bay of Bengala nor from the Bay of Bengala to China or all over the South Seas but must hunt for a Trade from Port to Port which hazard and tediousness will Necessitate all or most part of her Cargo to be invested in Ryals 8 8 and Gold 6. If the Return-Trade be made by the West Indies or any other Parts than England which for Advantage some will adventure to do it will prove very pernicious to our Nation by the Detriment of our Customs and perverting the Trade from the Mart of London c. 7. Ship-wracks Mutinies Combinations to Cast away Ships for Bodemery or Ensurance or to run away with Ships must be expected wherein not only the Adventurers but the Nation is Concerned 8. The Trade not being fully Discovered such farther Discovery will most Advantagiously be made by a Company from their settled Factories than by any new and private Adventures from hence 2. Nor by a Regulated Trade As the Turkey Company for this will fall under most of the Premised Difficulties as an Open Trade Yet also it must be Considered 1. That the Empire of Turky is entire under one Prince who seldom commits any Notorious Outrage upon us without some specious Pretence being under the Eye of many great Christian Potentates India is Remote under various Princes Laws Religions Languages and Dispositions The Turky-Trade is subjected to no Trade-Winds is near to England can suddenly Correspond over Land as well as by Sea whither a Fleet may soon be sent for Revenge having a short Voyage and many Friendly Ports for our Relief and Succour 2. That Empire being under general Articles of Peace with our King and the People more Civilized one Ambassador at that Court with a Consul in each Province may suffice for that Commerce Their Laws being fixt Trade free and Customs generally certain 3. That the Kings of India are many some Great and some Small the Great Kings will expect Residentiary Ambassadours besides Consuls c. And the Small Princes at least Consuls or Chiefs which would amount to an unimaginable Charge Nor is it unlikely but that under so many several Ambassadors and Consuls unless all be Subordinate to some one Superiour Power in India many Fatal Discontents may arise 4. In Persia Indostan and Bengala being more Civilized such a Model of Regulation may be Practicable perhaps although it is to be feared it would not be there long-liv'd But as to China Japan and the South Seas c. it is wholly Impracticable without Forts Garisons Colonies or Staple Factories in some convenient places 5. That the Premises for Forts Garisons Ships and People being considered especially in time of War when few or no Ships can Arrive it will be almost impossible to raise so great a Charge Nor will any such Society dare to engage to secure it 6. That the present Forts and Garisons on the Island Bombaim and Fort St. George and all the other Residencies and Factories will amount to a vast Sum which will puzzle a Regulation to raise at the first Undertaking and in good Conscience they ought to be paid for to a full and satisfactory value 7. Nor can such a Regulation make a Company more National than the present Company in their United Stock And should our Nation Engage to assist them with a Fleet it would be ineffectual without some convenient Ports and Colonies for their Security and fresh Provisions which would also meet with many Difficulties since two or three Ships could hardly Arrive together 8. Should this Kingdom assist them with a Fleet a Regulation could hardly contrive any Proposal to raise the Charge for its Expedition and Support 3. Nor by a Mixt Trade This would be Unreasonable Absurd and Impracticable For Regulation in one part and an Open Trade or United Trade in another part 1. No good Reason or Conscience can admit that the sour should not go with the sweet That they who are Covetous for the Profit should not bear the Burden 2. The Fate of Sir William Courteen and his Design must not be forgot 3. The different Interests would make a Schism in the English Blood in India and perhaps in England too not only to our shame but Prejudice 4. The whole Trade of India if possible should be only driven by one Hand and not shared between so many Europaean Nations which Opportunity of Grasping and Engrossing the Dutch will not omit 4. But only by an United Company or Joynt-Stock 1. United Powers under good Conduct and Resolution may Attempt any thing drive through any Design and seldom fail in Success 2. This being Potent in it self keeps an awe upon all Rivals and is able to bear up against any Misfortune by War or Losses in Trade being United in Counsels as well as Stock 3. In this Persons of any Quality may be Participants and yet the Trading Stock sufficient for other parts not be in the least diverted from the Publick Good 4. Since all other Europaean Nations manage this Trade in a joynt Body it would be an unaccountable Presumption in the English to vye with them by single Parties or faint-hearted Squadrons 5. This only can Answer the Bulk of that Trade 1. By a general Commerce to all Parts at the same time and to the full 2. By Patience for long Voyages and tedious Returns 3. By a due Management of the Trade from Port to Port in India 4. By Engrossing the Native Commodities in India at any time for a general Advantage their Credit being always greater than their Trading Stock 5. By Vending our own Native Commodities and Manufactures low upon Occasion or detaining them for a convenient Market 6. By keeping the Indian Commodities low 7. By Encouraging the Natives to Plant Make or Procure great Quantities of such Commodities as are most desirable by us 8. By Observing a due Balance in that Trade suitable to the Reciprocal Occasions of England and India 6. This only can settle and maintain Fleets Forts Garisons Colonies Factories Wars Embassies c. 7. This only is most proper for the making farther Discoveries into Magellanica c. 8. This only can hope for a future Trade into Zeilon China Japon the Philippinae Molucco and Banda Islands 9. This only can make London the General Mart of Europe 10. This only can make London the greatest Exchequer of Europe 11. This only can be Instrumental for the Propagation of our Christian Religion for our Instruction in their Languages and Arts and the Improvement of our own Knowledge 12. This only can secure our Honour Persons and Estates in India and to England and upon any Occasion add a Formidable Power to our Royal Navy But to add Perfection to such United Stock or Company whereby to Answer all the Interests of the Nation it ought to be Ratified by Royal Charters and Acts of Parliament and so to be made National and Perpetual National 1. By Confirming the present Company under Necessary Regulations A Dissolution in this before a New Stock settled or any intermission in the Trade will prove Fatal 2. Or by a New Stock and Addition of New Subscriptions the present Company being fully paid and satisfied for all their Charge Endeavours Pains and long Expences with the Publick Thanks of the Nation The Arguments and Instances in each Article being duly Considered and the resulting Objection Answered The Truth of their Assertions will be Satisfactorily proved to any Unbyassed and Impartial Judgment By a True English-man 〈◊〉 〈◊〉 〈◊〉 〈◊〉 〈◊〉 1683. London Printed by Henry Hills in Black-Fryers