... Your residence you need not doubt as long as you tame the Portugall ... he only can prejudice you. For a Fort, at my first arrival I received it as very necessary; but experience teaches me we are refused it to our advantage. If he [Jahangir] would offer me ten, I would not accept one. First, where the river is commodious, the country is barren and untraded.... Secondly the charge is greater than the trade can bear; for to maintain a garrison will eat the profit.... A war and traffic are incompatible. By my consent, you shall no way engage yourselves but at sea, where you are like to gain as often as to lose. It is the beggaring of the Portugall, notwithstanding his many rich residencies and territories, that he keeps soldiers that spend it; yet his garrisons are mean. He never profited by the Indies since he defended them. Observe this well. It hath been also the error of the Dutch, who seek plantation here by the sword. They turn a wonderful stock, they prowl in all places, they possess some of the best; yet their dead payes consume all the gain. Let this be received as a rule that if you will profit, seek it at sea, and in quiet trade; for without controversy it is an error to affect garrisons and land wars in India. If you made it only against the naturals [natives] I would agree.... ... The road of Swally or the Port of Surat are fittest for you in all the Mogul’s territory.... You need no more; it is not number of ports, factories and residences that will profit you; they will increase charge but not recompense it.... The commodities you sell pass best in that quarter. The goods you seek being principally indigo and cloth (calicoes). For the settling your trafique here, I doubt not to effect any reasonable desire. My credit is sufficient with the King [great Mogul], and your force will alway bind him to constancy.... But you must alter your stock. Let not your servants deceive you; cloth, lead, teeth [ivory], quicksilver are dead commodities and will never drive this trade. You must succour it by change.... Articles of treaty on equal terms I cannot effect: want of presents disgraced me. But yet by pieces I have gotten as much as I desired at once. I have recovered all bribes, extortions, debts made and taken before my time till this day; or at least an honourable composition. But when I deliver the next gifts to the Mogul.... I will set on anew for a formal contract.... Concerning private trade, [of the Company’s servants] my opinion is you absolutely prohibit it and execute forfeiture, for your business will be the better done. All your loss is not in the goods brought home. I see here the inconveniences you think not of. I know this is harsh to all men and seems hard; men profess they come not out for bare wages. You shall take away the plea if you resolve to give very good to men’s content; then you know what you part from. But you must make good choice of your servants and use fewer. Note of Goods for Presents