I shall next say something to the Trade of _Scotland_, which hath formerly consumed more of our Woollen Manufactures than now it doth, since that Nation is fallen on making them there, which they do out of their own Wool, with the help of what they get from us, also of _Spanish_, both from hence and from _Holland_. But their chief Manufactures are Linnen, Butter, and Herrings; 'twere to be wish'd the former was more encouraged by this Government, with Liberty to bring it hither Custom free, provided they would send us also their Wool, and then our Manufactures would not justle with each other; King _James_ the II. limited their Trade to his Pleasure by Act of Parliament, which I take to be a great reason why that People were so much at his Devotion, but the Liberty of a free Trade was made one of the Terms whereon his present Majesty received the Crown, who hath since given them Encouragement to settle Plantations abroad, such as they shall either plant, or buy from Foreign Princes, which he hath promised to enfranchise with the same Rights and Priviledges he doth grant in like Cases to the Subjects of his other Dominions. They have also fallen lately on the thoughts of Codd-Fishing, whereof they have great shoals about their Coasts, which formerly they used to pickle and send away in Casks, but now intend to cure after the manner 'tis done in _Newfoundland_. And doubtless these three things would much encourage Trade had they Stocks to manage them, but those they want; I have heard it discours'd that the Cash of that Kingdom amounted to One Million of Pounds Sterling, but I scarce believe it does to One Half, perhaps not one Third which properly belongs to its Inhabitants; therefore they propose to carry on the Woollen Manufactures Plantations and Fishery by _English_ Stocks, the two last by Companies, which will consist chiefly of _Londoners_, who first promoted the Designs, and will furnish Monies for managing them; Now I cannot think any Nation can settle Plantations abroad to advantage which wants Stock and Manufactures of its own to supply them, the great Profit of Plantations being to encourage Manufactures at Home, and the means to settle them is by giving long Credits to the Planters abroad, and when this is done by Money taken up at Interest from another Nation the whole Profit will redound to the Lenders, so that the _Scotch_ may make Settlements abroad, but if neither the Stock nor Manufactures are their own, they will have only the name of being Proprietors whilst others carry away the Profits, like a Gentleman who pays as much for Interest yearly as the Rents of his Lands bring in, he may have the Possession, but the Userer has the Income of his Estate; so for their Fishing, which being managed on _English_ Stocks will bring them only so much as shall pay for the labour of those imployed about it; The same for their Woollen Manufactures.