We have natural Advantages in Trade above other Nations, besides the Benefit of our Situation, the Foundation of our Woolen Manufactures being as it were peculiar to our own Growth, and may be retained amongst ourselves; an Advantage the _French_ have not, whose Wealth arising chiefly from the Exportation of their Wines, Brandy, Salt, Paper, Silks, and Linnens, both we and other Nations, have made such a Progress in them all since the War began, as to render theirs less sought for; whereas, nothing but our own Neglects, and ill Managements, can let our Neighbours into our Manufactures, which we may soon put a stop to, by securing our Wool at Home. [Sidenote: Insurance.] I cannot close this Discourse without speaking something of Insurance. The first Design whereof, was to encourage the Merchants to export more of our Product and Manufactures, when they knew how to ease themselves in their Adventures, and to bear only such a Proportion thereof as they were willing and able to do; but by the Irregular Practices of some Men, this first Intention is wholly obviated; who without any Interest, have put in early Policies, and gotten large Subscriptions on Ships, only to make Advantage by selling them to others; and therefore have industriously promoted false Reports, and spread Rumours, to the Prejudice of the Ships and Masters, filling Mens Minds with Doubts, whereby the fair Trading Merchant, when he comes to insure his Interest, either can get no one to underwrite, or at such high Rates, that he finds it better to buy the others Policies at advance; by this means these Stock-Jobbers of Insurance, have, as it were, turn’d it into a Wager, to the great Prejudice of Trade: likewise many ill-designing Men, their Policies being over-valued, have (to the Abhorence of honest Traders, and to the Scandal of Trade itself) contriv’d the Loss of their own Ships: On the other Side, the Underwriters, when a Loss is ever so fairly proved, boggle in their Payments, and force the Insured to be content with less than their Agreements, for fear of engaging themselves in long and chargeable Suits. Now, if the Parliament would please to take these Things into their Consideration, they may reduce Insurance to its first Intention, by obliging the Insured to bear such a proportionable Part of his Adventure, (the Premio included) as to them shall seem fit, and also the Insurers, when a Loss is fully made out, to pay their Subscriptions without Abatement, which will prevent both; and if any Differences should arise, to direct easy ways for adjusting them, without attending long Issues at Law, or being bound up to such nice Rules in their Proofs, as the Affairs of foreign Trade will not admit. [Sidenote: Wilful casting away Ships by the Owners.]