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A51598 England's treasure by forraign trade, or, The ballance of our forraign trade is the rule of our treasure written by Thomas Mun ; and now published for the common good by his son John Mun. Mun, Thomas, 1571-1641.; Mun, John. 1664 (1664) Wing M3073; ESTC R25740 60,124 235

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ENGLAND's TREASURE BY Forraign Trade OR The Ballance of our Forraign Trade IS The Rule of our Treasure Written by THOMAS MUN of Lond. Merchant And now published for the Common good by his Son JOHN MUN of Bearsted in the County of Kent Esquire LONDON Printed by J. G. for Thomas Clark and are to be sold at his Shop at the South entrance of the Royal Exchange 1664. To the Right Honourable THOMAS EARL OF SOUTH-HAMPTON Lord High Treasurer of England Lord Warden of the New Forrest Knight of the most Noble Order of the Garter and one of His Majesty's most Honourable Privy Council MY LORD I Present this ensuing Treatise to your Lordship as its proper Patron to whom by vertue of your great Trust the greatest doubtless in this Kingdome the management of his Majesty's Treasure and improvement of his Revenue are most peculiarly committed The title of it Englands Treasure by Forraign Trade alone berpeaks your notice the Argument being of so publick a nature may invite your perusall but the Tract it self will I hope deserve your Lordships Protection It was left me in the nature of a Legacy by my Father for whose sake I cannot but value it as one of my best Moveables and as such I dedicate it to your Lordship He was in his time famous amongst Merchants and well known to most men of business for his general Experience in Affairs and notable Insight into Trade neither was he less observed for his Integrity to his Prince and Zeal to the Common-wealth the serious Discourses of such men are commonly not unprofitable To your Lordships judgement I submit this Treatise and my presumption herein to your Pardon My Lord Your most faithful and obedient Servant JOHN MUN White-Hall March 24. 1663 4. Let this Discourse of Trade be Printed HENRY BENNET THE ARGUMENTS CHAP. I. The knowledge and qualities which are required to be in a perfect Merchant of forraign trade pag. 2 CHAP. II. The general rule whereby this kingdom is enriched and our Treasure augmented pag. 11 CHAP. III. The particular ways and means to encrease the exportation of our commodities and to decrease our consumption f forraign wares pag. 15 CHAP IV. The Exportation of our Monies in Trade of Merchandize is a means to encrease our Treasure pag. 34 CHAP. V. Forraign Trade is the only means to improve the price of our Lands pag. 51 CHAP. VI. The Spanish treasure cannot be kept from other Kingdoms by any prohibition made in Spain pag. 56 CHAP. VII The Diversity of gain by forraign Trade pag. 64 CHAP. VIII The enhancing or debasing our moneys cannot enrich the Kingdom with treasure nor hinder the exportation thereof pag. 70 CHAP. IX Atollration for forraign Coins to pass current here at higher rates than their value with our Standard will not encrease our treasure pag. 79 CHAP. X. The observation of the Statute of Imployments to be made by Strangers cannot encrease nor yet preserve our treasure pag. 82 CHAP. XI It will not encrease our treasure to enjoyn the Merchant that exporteth Fish Corn or munition to return all or part of the value in mony pag. 90 CHAP. XII The undervaluation of our mony which is delivered or received by bills of Exchange here or beyond the Seas cannot decrease our trea●ure pag. 94 CHAP. XIII The Merchant who is a meer Exchanger of mony by bills cannot encrease or decrease our treasure pag. 105 CHAP. XIV The admirable feats supposed to be done by Bankers and the Merchants Exchange pag. 108 CHAP. XV. Of some Excesses and Evils in the Common-wealth which notwithstanding decay not our trade nor treasure pag. 142 CHAP. XVI How the Revenues and In-comes of Princes may justly be raised pag. 150 CHAP. XVII Whether it be necessary for great Princes to lay up store of treasure pag. 161 CHAP. XVIII How much treasure a Prince may conveniently lay up yearly pag. 167 CHAP. XIX Of some different effects which proceed from natural and artificial wealth pag. 175 CHAP. XX. The order and means whereby we may draw up the ballance of our forraign trade which is the rule of our treasure pag. 192 CHAP. XXI The conclusion upon all that hath been said concerning the Exportation or Importation of treasure pag. 217 ENGLAND'S TREASURE BY FORRAIGN TRADE OR The Ballance of our Forraign Trade is the Rule of our Treasure MY Son In a former Discourse I have endeavoured after my manner briefly to teach thee two things The first is Piety how to fear God aright according to his Works and Word The second is Policy how to love and serve thy Country by instructing thee in the duties and proceedings of sundry Vocations which either order or else act the affairs of the Common-wealth In which as some things doe especially tend to Preserve and others are more apt to Enlarge the same So am I now to speak of Money which doth indifferently serve to both those happy ends Wherein I will observe this order First to shew the general means whereby a Kingdome may be enriched and then proceed to those particular courses by which Princes are accustomed to be supplyed with Treasure But first of all I will say something of the Merchant because he must be a Principal Agent in this great business CHAP. I. The Qualities which are required in a perfect Merchant of Forraign Trade THe love and service of our Country consisteth not so much in the knowledge of those duties which are to be performed by others as in the skilful practice of that which is done by our selves and therefore my Son it is now fit that I say something of the Merchant which I hope in due time shall be thy Vocation Yet herein are my thoughts free from all Ambition although I rank thee in a place of so high estimation for the Merchant is worthily called The Steward of the Kingdoms Stock by way of Commerce with other Nations a work of no less Reputation than Trust which ought to be performed with great skill and conscience that so the private gain may ever accompany the publique good And because the nobleness of this Profession may the better stir up thy desires and endeavours to obtain those abilities which may effect it worthily I will briefly set down the excellent qualities which are required in a perfect Merchant 1. He ought to be a good Pen-man a good Arithmetician and a good Accomptant by that noble order of Debtor and Creditor which is used onely amongst Merchants also to be expert in the order and form of Charter-parties Bills of Lading Invoyces Contracts Bills of Exchange and Policies os Ensurance 2. He ought to know the Measures Weights and Monies of all forraign Countries especially where we have Trade the Monies not onely by their several denominations but also by their intrinsique values in weight fineness compared with the Standard of this Kingdome without which he cannot well direct his affaires 3. He ought to know the Customs Tolls Taxes