To begin with _Spain_, by which I mean, that Part from the Bay of _Cadiz_ inclusive, Eastward into the Straits of _Gibraltar_, as far as _Catalonia_; whither we send all Sorts of Woollen Manufactures, Lead, Fish, Tin, Silk and Worsted Stockings, Butter, Tobacco, Ginger, Leather, Bees-Wax, and sundry other Things. And in Return we have thence, some Things fit only for Consumption, such as Fruit and Wines; others for our Manufactures, such as Oil, Cochineal, Indigo, Anata, Barillia, and some Salt, with a great Part in Gold and Silver, wherewith they are supplied from their large Empires on the main Land of _America_, whither they export much of the Goods we carry to them. The _Spaniards_ are a stately People, not much given to Trade or Manufactures themselves; therefore the first they carry on by such chargeable and dilatory Methods, both for their Ships and ways of Navigation, that other trading Nations, such as the _English_, _French_, _Dutch_, and _Genoese_, take Advantage of them; only their Trade to their _West-Indies_, hath, on strict Penalties, been reserved to themselves; but having no Manufactures of their own, the Profit thereof comes very much to be reaped by those who furnish them: Nor is it so well guarded and secured, but that the Inhabitants thereof have been plentifully supplied by us with Manufactures, and many other Things from _Jamaica_, and may be more, by the Liberty lately granted to the _South-Sea_ Company, whereby we get greater Prizes for them, than when they were first shipp’d to _Cadiz_, and exported thence thither, which adds to the Wealth of the Nation: This I take to be the true Reason why our Vent for them at _Cadiz_ is lessened, because we supply _New-Spain_ direct with those Things they used to have thence before. By _Biscay_, I mean all that Part under the _Spanish_ Government, which lies in the Bay of that Name, or adjoining to it: The Commodities we send thither are generally the same as we do to _Spain_, and in Return we have Wool, Iron, and some Bullion, whereof the first is the best and most profitable Commodity, which could we secure wholly to our selves, ’twould be of great Advantage to the Nation; but both the _Dutch_ and _French_ come in for their Shares; tho’ I am apt to think the former might be induced to bring it hither by way of Merchandize, if we did so far relax the Act of Navigation, as to give them Liberty to do it.