London (England) -- Description and travel; London (England) -- History -- 18th century
Queen Elizabeth enlarged the trade of the Company of Adventurers, and
empowered them to treat with the princes and states of Germany for a
place which might be the staple or mart for the woollen manufactures they
exported, which was at length fixed at Hamburg, from whence they obtained
the name of the Hamburg Company. They had another mart or staple also
assigned them for the sale of their woollen cloths in the Low Countries,
viz., Dort, in Holland.
This company consists of a governor, deputy-governor, and fellowship, or
court of assistants, elected annually in June, who have a power of making
bye-laws for the regulation of their trade; but this trade in a manner
lies open, every merchant trading thither on his own bottom, on paying an
inconsiderable sum to the company; so that though the trade to Germany
may be of consequence, yet the Hamburg Company, as a company, have very
little advantage by their being incorporated.
The Hamburg or German Merchants export from England broad-cloth,
druggets, long-ells, serges, and several sorts of stuffs, tobacco, sugar,
ginger, East India goods, tin, lead, and several other commodities, the
consumption of which is in Lower Germany.
England takes from them prodigious quantities of linen, linen-yarn,
kid-skins, tin-plates, and a great many other commodities.
The next company established was that of the Russia Merchants,
incorporated 1st and 2nd of Philip and Mary, who were empowered to trade
to all lands, ports, and places in the dominions of the Emperor of
Russia, and to all other lands not then discovered or frequented, lying
on the north, north-east, or north-west.
The Russia Company, as a company, are not a very considerable body at
present; the trade thither being carried on by private merchants, who are
admitted into this trade on payment of five pounds for that privilege.
It consists of a governor, four consuls, and twenty-four assistants,
annually chosen on the 1st of March.
The Russia Merchants export from England some coarse cloth, long-ells,
worsted stuffs, tin, lead, tobacco, and a few other commodities.
England takes from Russia hemp, flax, linen cloth, linen yarn, Russia
leather, tallow, furs, iron, potashes, &c., to an immense value.
Public-domain text, read in full here on John Shaqi.
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