8._o now_o deduct_v of_o the_o abovesaid_a 953543_o l_o the_o gain_n of_o the_o silk_n be_v 200_o thousand_o pound_n there_o remain_v 753543_o l_o whereof_o the_o sixth_o part_n save_v for_o england_n come_v near_o to_o 108_o thousand_o pound_n which_o be_v as_o much_o as_o all_o the_o spice_n and_o indigo_n sell_v in_o one_o year_n in_o england_n come_v to_o as_o aforesaid_a whereby_o it_o appear_v that_o england_n save_v yearly_a that_o sum_n there_o be_v as_o it_o be_v nothing_o spend_v in_o spice_n and_o indigo_n which_o he_o may_v very_o well_o call_v to_o be_v incredible_a so_o that_o our_o four_o assertion_n be_v assertion_n 4._o assertion_n that_o there_o will_v be_v find_v a_o apparent_a great_a loss_n by_o all_o this_o negociation_n and_o detriment_n to_o the_o kingdom_n stock_n both_o for_o money_n and_o commodity_n and_o that_o there_o be_v not_o 953543_o l._n save_v in_o money_n yearly_a in_o christendom_n especial_o the_o portugal_n east_n india_n trade_n consider_v now_o 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conclusion_n in_o the_o government_n of_o state-affair_n wherein_o he_o be_v a_o mere_a novice_n but_o my_o intention_n be_v to_o be_v brief_a and_o substantial_a to_o end_v therefore_o this_o matter_n of_o balance_n it_o may_v be_v think_v strange_a that_o some_o man_n will_v be_v seduce_v thereby_o 52._o discourse_v of_o the_o east_n india_n trade_n by_o t._n m._n p._n 49._o 52._o and_o give_v bridle_n to_o the_o present_a course_n of_o trade_n expect_v a_o overballance_n to_o happen_v on_o our_o side_n without_o remove_v of_o the_o cause_n after_o they_o have_v speak_v well_o concern_v exchange_n although_o they_o confess_v to_o be_v a_o ground_n as_o a_o matter_n much_o too_o high_a for_o their_o handle_n say_v that_o the_o abuse_n thereof_o be_v very_o prejudicial_a unto_o this_o kingdom_n in_o particular_a whilst_o in_o the_o interim_n the_o benefit_n do_v arise_v unto_o other_o country_n who_o diligent_o observe_v the_o price_n whereby_o the_o money_n be_v exchange_v may_v 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realm_n be_v undervalue_v in_o exchange_n between_o we_o and_o other_o country_n and_o three_o that_o gain_n be_v the_o centre_n of_o the_o circle_n of_o commerce_n and_o that_o the_o say_a underualuation_n be_v the_o efficient_a cause_n of_o the_o overballance_a of_o trade_n and_o withal_o we_o have_v show_v that_o 〈◊〉_d conceit_a balance_n of_o trade_n propose_v by_o misselden_n can_v be_v but_o a_o trial_n and_o discovery_n of_o the_o overballance_a of_o trade_n without_o that_o it_o can_v produce_v any_o other_o benefit_n to_o the_o commonwealth_n by_o his_o last_o balance_n we_o may_v perceive_v that_o all_o the_o commodity_n export_v and_o the_o commodity_n import_v yearly_a do_v amount_v unto_o five_o million_o or_o fifty_o hundred_o thousand_o pound_n according_a to_o our_o observation_n in_o the_o canker_n of_o england_n commonwealth_n now_o if_o the_o loss_n by_o exchange_n be_v but_o ten_o upon_o the_o hundred_o which_o we_o have_v prove_v above_o threescore_o and_o ten_o it_o will_v amount_v to_o five_o hundred_o thousand_o pound_n yearly_a 37._o p._n 37._o the_o loss_n whereof_o be_v great_a to_o the_o kingdom_n than_o all_o the_o money_n employ_v to_o the_o east_n indies_n come_v unto_o loss_n a_o incredible_a loss_n which_o misselden_n affirm_v to_o be_v a_o abominable_a untrueth_n which_o i_o can_v but_o retort_v upon_o he_o because_o he_o be_v unfortunate_a to_o find_v out_o the_o truth_n as_o shall_v be_v make_v more_o plain_a in_o the_o follow_a chapter_n for_o he_o be_v in_o league_n with_o equivocation_n in_o all_o his_o refutation_n which_o challenge_v to_o be_v cusen_n german_n to_o truth_n make_v his_o speech_n a_o centaur_n half_o a_o man_n half_o a_o horse_n or_o like_o one_o of_o the_o brood_n of_o nilus_n half_a earth_n half_a frog_n a_o thing_n both_o shapeless_a and_o shape_v in_o one_o mixture_n which_o it_o thus_o distinguish_v by_o the_o equinoctial_a in_o this_o place_n chap._n four_o a_o examination_n of_o the_o centre_n of_o commerce_n in_o the_o trade_n from_o england_n into_o other_o country_n the_o tropic_n of_o capricorn_n be_v the_o four_o zone_n or_o girdle_n by_o our_o distribution_n be_v to_o underprop_v and_o sustain_v by_o the_o gain_n of_o trade_n the_o say_a centre_n or_o gain_n within_o the_o circumference_n of_o the_o circle_n of_o commerce_n not_o by_o a_o absolute_a power_n to_o be_v leave_v unto_o merchant_n in_o the_o manage_n of_o trade_n or_o in_o the_o dispose_n of_o money_n commodity_n and_o exchange_n for_o money_n but_o by_o a_o direction_n ground_v upon_o law_n ordinance_n and_o proclamation_n for_o in_o regard_n of_o state_n affair_n merchant_n be_v ignorant_a in_o the_o course_n of_o traffic_n for_o asmuch_o as_o they_o do_v only_o study_v for_o private_a benefit_n so_o that_o they_o must_v have_v leader_n and_o conductor_n whereunto_o buck_n and_o goat_n have_v be_v compare_v in_o time_n past_a lead_v the_o silly_a sheep_n to_o feed_v in_o mountainous_a place_n to_o prove_v therefore_o that_o this_o be_v no_o new_a doctrine_n or_o invention_n of_o i_o as_o misselden_n allege_v let_v we_o enter_v into_o consideration_n of_o the_o follow_a observation_n before_o our_o intend_a examination_n of_o the_o centre_n of_o commerce_n in_o foreign_a tradeâ—_n it_o be_v near_o 350._o year_n since_o king_n edward_n the_o first_o do_v erect_v the_o office_n of_o the_o king_n royal_a exchanger_n exchange_n ancient_a office_n of_o exchange_n which_o do_v continue_v successive_o by_o 16_o several_a letter_n patent_n of_o the_o king_n of_o this_o realm_n by_o mean_n whereof_o the_o money_n be_v preserve_v within_o the_o same_o and_o the_o commodity_n be_v orderly_o vent_v &_o the_o merchandise_v exchange_n be_v then_o unknown_a king_n edward_n the_o three_o do_v constitute_v diverse_a exchange_n 7._o 9_o e._n 3._o 7._o in_o sundry_a place_n of_o the_o realm_n and_o cause_v table_n of_o exchange_n to_o be_v set_v up_o at_o donor_n and_o elsewhere_o to_o answer_v the_o value_n of_o our_o money_n in_o the_o coin_n to_o be_v pay_v for_o it_o beyond_o the_o sea_n according_a to_o the_o very_a value_n with_o some_o allowance_n to_o be_v give_v to_o accommodate_v merchant_n affair_n and_o traveller_n occasion_n the_o like_a be_v do_v by_o richard_n the_o second_o 2._o 5._o r._n 2._o 2._o and_o this_o be_v the_o true_a par_fw-fr pro_fw-la pari_fw-la 6._o 2._o h._n 6._o 6._o then_o use_v and_o continue_v by_o henry_n the_o sixth_o and_o edward_n the_o four_o 16._o 4._o e._n 4._o 16._o but_o more_o especial_o by_o that_o wise_a and_o politic_a prince_n 6._o 2._o h._n 6._o 6._o king_n henry_n the_o seven_o 6._o 3._o h._n 7._o 6._o absolute_o forbid_v the_o make_n of_o exchange_n and_o rechange_n for_o foreign_a part_n without_o the_o king_n especial_a licence_n have_v and_o obtain_v for_o the_o same_o to_o which_o end_n all_o the_o several_a act_n of_o parliament_n touch_v the_o direct_n and_o order_v of_o
money_n and_o exchange_n have_v be_v make_v as_o in_o the_o margin_n in_o primo_fw-la of_o king_n henry_n the_o eight_o sir_n thomas_z bullen_z knight_n be_v the_o king_n exchanger_n by_o letter_n patent_n for_o all_o change_n and_o rechange_n for_o foreign_a part_n as_o by_o the_o record_n appear_v in_o his_o majesty_n exchequer_n and_o there_o also_o you_o shall_v find_v that_o during_o the_o râ—igne_n of_o the_o say_a king_n henry_n the_o seven_o one_o petrus_n contarin_n a_o venetian_a merchant_n be_v sue_v in_o the_o ten_o year_n of_o his_o reign_n upon_o the_o say_a statute_n and_o the_o like_a â—uâ—e_n be_v bring_v in_o the_o ninteenth_fw-mi year_n follow_v against_o dominico_n polliâ—oâ—o_o the_o pope_n collector_n and_o lorenzo_n albâ—rti_fw-la upon_o the_o like_a condemnation_n do_v pay_v 933_o l._n cron._n graftons_n cron._n this_o cause_v the_o say_a king_n henry_n the_o eight_o in_o the_o twenty_o two_o year_n of_o his_o reign_n to_o make_v a_o very_a severe_a 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say_v general_a act_n of_o parliament_n hitherto_o unrepeal_v and_o now_o most_o necessary_a than_o ever_o to_o be_v put_v in_o practice_n but_o also_o by_o diverse_a treaty_n that_o the_o king_n of_o england_n have_v have_v by_o many_o conferrence_n with_o other_o prince_n and_o state_n concern_v the_o loss_n sustain_v thereby_o now_o utter_o neglect_v let_v it_o be_v consider_v what_o incredible_a loss_n england_n sustain_v when_o we_o loose_v above_o twoâ—shillings_n in_o the_o pound_n when_o the_o duchess_n of_o savoy_n regent_n of_o the_o low_a country_n allege_v that_o one_o half_a penny_n in_o the_o pound_n loss_n will_v ruin_v the_o state_n of_o those_o country_n as_o by_o ancient_a record_n in_o the_o exchequer_n appear_v king_n henry_n the_o eight_o be_v come_v to_o calais_n require_v the_o archdutches_n of_o austria_n than_o governor_n of_o the_o low_a country_n to_o permit_v his_o gold_n and_o silver_n to_o pass_v currant_n in_o her_o dominion_n a_o little_a above_o the_o true_a value_n thereof_o for_o the_o better_a enable_v of_o his_o soldier_n and_o merchant_n the_o duchess_n dispatch_v thomas_n gramay_n general_n of_o her_o mint_n and_o john_n dewsbrooke_n her_o assay-master_n with_o instruction_n to_o the_o king_n of_o england_n advertise_v he_o consideration_n notable_a consideration_n that_o to_o suffer_v the_o english_a coin_n run_v at_o a_o overvalue_n be_v against_o all_o statute_n and_o ordinance_n of_o the_o mint_n and_o that_o it_o will_v redound_v to_o the_o great_a scandal_n loss_n and_o harm_n to_o the_o commonweal_n and_o the_o harm_n and_o loss_n shall_v be_v so_o great_a that_o it_o be_v impossible_a to_o esteem_v it_o for_o the_o merchant_n find_v that_o more_o may_v be_v get_v in_o england_n then_o in_o her_o doâ—inions_n for_o bullion_n by_o this_o overualuation_n of_o the_o english_a coin_n will_v carry_v away_o all_o five_o gold_n melt_v and_o unmolten_a not_o only_o in_o ingot_n but_o also_o in_o piece_n of_o gold_n make_v in_o the_o archduke_n mint_n to_o convert_v they_o into_o angel_n noble_n by_o which_o mean_v the_o country_n and_o subject_n of_o the_o same_o shall_v be_v total_o consume_v spoil_v and_o destroy_v which_o will_v turn_v to_o a_o damage_n inestimable_a the_o like_a be_v affirm_v to_o ensue_v by_o the_o toleration_n of_o our_o english_a silver_n money_n to_o be_v over_o value_v centre_n gaine_n be_v still_o the_o centre_n because_o all_o merchant_n for_o their_o gain_n will_v carry_v into_o england_n not_o only_o the_o material_n of_o silver_n but_o also_o piece_n coin_a whereby_o the_o intercourse_n of_o merchandise_n shall_v cease_v and_o the_o merchant_n shall_v become_v merchant_n of_o silver_n without_o sell_v any_o other_o ware_n or_o merchandise_n furthermore_o she_o plead_v that_o never_o any_o prince_n will_v permit_v strange_a money_n to_o pass_v high_a than_o his_o own_o but_o that_o of_o custom_n they_o use_v the_o contrary_n and_o which_o be_v most_o effectual_a she_o urge_v 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underualuation_n of_o our_o money_n in_o exchange_n and_o inhauno_v of_o foreign_a coin_n whereby_o the_o trade_n be_v decay_v the_o realm_n impoverish_v and_o every_o man_n in_o a_o manner_n undo_v be_v all_o the_o precedent_a law_n and_o ordinance_n make_v in_o vain_a and_o forget_v when_o hercules_n have_v loâ—t_v his_o ox_n god_n bateman_n in_o his_o leaden_a god_n and_o have_v long_o time_n seek_v they_o in_o vain_a they_o be_v at_o last_o discover_v by_o their_o bellow_n to_o be_v in_o cacus_n den_n now_o cacos_fw-la in_o greek_a signify_v evil_a which_o draw_v man_n backward_o by_o the_o tail_n as_o cacus_n do_v the_o ox_n whenc_n i_o do_v conclude_v that_o the_o say_v law_n and_o ordinance_n be_v hide_v in_o misseldens_n den_n for_o in_o his_o circle_n he_o will_v take_v no_o notice_n of_o they_o 9_o p._n 9_o but_o keep_v they_o back_o but_o thanks_n be_v give_v unto_o god_n and_o honour_n to_o the_o king_n who_o out_o of_o his_o princely_a care_n and_o providence_n have_v 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say_v that_o the_o general_a account_n aforesaid_a to_o make_v five_o and_o one_o three_o part_n for_o one_o be_v a_o great_a matter_n of_o benefit_n towards_o custom_n charge_n and_o all_o other_o thing_n incident_a to_o trade_n for_o the_o author_n do_v say_v that_o 10_o s._n 13._o p._n 13._o employ_v in_o pepper_n in_o the_o east_n indies_n will_v require_v but_o 35_o s._n for_o all_o charge_n whatsoever_o deliver_v in_o london_n which_o be_v 3_o â—2_n for_o one_o this_o merchant_n can_v enforce_v his_o argument_n for_o want_v of_o a_o true_a judgement_n for_o he_o may_v have_v make_v a_o better_a conclusion_n to_o say_v pepper_n do_v cost_v but_o 2_o d_o ½_n the_o pound_n and_o be_v sell_v for_o 20_o d._n which_o be_v 8_o for_o one_o as_o aforesaid_a and_o if_o with_o all_o charge_n in_o london_n it_o come_v but_o to_o 3_o ½_n than_o the_o benefit_n of_o 4_o ½_n for_o one_o be_v a_o admirable_a gain_n to_o enrich_v himself_o and_o the_o common_a wealth_n this_o judgement_n upon_o 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spain_n we_o have_v the_o west_n india_n commodity_n spain_n the_o trade_n for_o spain_n as_o cutchenelle_n ginger_n hide_v and_o other_o commodity_n with_o the_o wine_n raisin_n oil_n and_o all_o other_o commodity_n of_o their_o growth_n for_o return_v of_o we_o especial_o abundance_n of_o royal_n of_o plate_n now_o much_o hinder_v by_o the_o employment_n of_o tobacco_n let_v we_o now_o examine_v the_o price_n of_o spice_n in_o those_o day_n within_o the_o realm_n and_o we_o shall_v find_v that_o pepper_n be_v sell_v for_o 2_o s_o the_o pound_n clove_n 6_o s_o mace_n 7_o s_o nutmeg_n 3_o s_o and_o indigo_n 6_o s_o which_o small_a differenc_n in_o price_n for_o so_o much_o as_o be_v yearly_a spend_v in_o england_n 44._o p._n 44._o may_v be_v declare_v by_o the_o proportion_n set_v down_o by_o the_o say_a author_n which_o be_v calculate_v at_o 4_o d._n upon_o a_o pound_n of_o pepper_n and_o 12_o do_v upon_o clove_n mace_n and_o indigo_n and_o 6_o d_o upon_o nutmeg_n amount_v but_o to_o 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