A General History and Collection of Voyages and Travels — Volume 08Kerr, Robert
History
A General History and Collection of Voyages and Travels — Volume 08
Kerr, Robert
Voyages and travels
In the Annals of the Company,[90] we are told that the funds provided
for this first voyage amounted to £68,373, of which £39,771 were
expended in the purchase and equipment of the ships, £28,742 being
embarked in bullion, and £6,860 in goods. But the aggregate of these
sums amounts to £77,373; so that the historiographer appears to have
fallen into some error, either in the particulars or the sum total. We
are not informed of the particular success of this first voyage; only
that the conjunct profits of it and of the second amounted to £95 per
cent. upon the capitals employed in both, clear of all charges.[91]
[Footnote 90: Id. I.146.]
[Footnote 91: Ann. of the H.E.I. Co. I. 153.]
We may state here from the Annals of the Company, that the profits of
the _third_ and _fifth_ voyage combined amounted to £234 per cent. Of
the _fourth_ voyage to a total loss, as one of the vessels was wrecked
in India on the outward-bound voyage, and the other on the coast of
France in her return. The profits of the _sixth_ voyage were £121 13:4:
per cent. Of the _seventh_ £218 per cent. Of the _eighth_ £211 per cent.
Of the _ninth_ £160 per cent. The average profits of the _tenth,
eleventh, twelfth_, and _thirteenth_ voyages were reduced to £87-1/2 per
cent.
Captain James Lancaster, afterwards Sir James, who was general in this
voyage, was a member of the company; and is the same person who went to
India in 1591, along with Captain Raymond. Captain John Davis, who had
been in India with the Dutch, was pilot-major and second in command of
the Dragon, or admiral ship. It does not appear who was the author of
the following narrative; but, from several passages, he seems to have
sailed in the Dragon.[92]--E.
[Footnote 92: Astl. I. 262., a and b.]
§ 1. _Preparation for the Voyage, and its Incidents till the Departure
of the Fleet from Saldanha Bay_.
Public-domain text, read in full here on John Shaqi.
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