London (England) -- Description and travel; London (England) -- History -- 18th century
The Canary Company was incorporated in the reign of King Charles II.,
anno 1664, being empowered to trade to the Seven Islands, anciently
called the Fortunate, and now the Canary Islands.
They have a governor, deputy-governor, and thirteen assistants or
directors, chosen annually in March. This company exports baize,
kerseys, serges, Norwich stuffs, and other woollen manufactures;
stockings, hats, fustians, haberdashery wares, tin, and hardware; as also
herrings, pilchards, salted flesh, and grain; linens, pipe-staves, hoops,
&c. Importing in return Canary wines, logwood, hides, indigo, cochineal,
and other commodities, the produce of America and the West Indies.
There is another company I had almost overlooked, called the Hudson’s Bay
Company; and though these merchants make but little noise, I find it is a
very advantageous trade. They by charter trade, exclusively of all other
his Britannic Majesty’s subjects, to the north-west; which was granted,
as I have been told, on account that they should attempt a passage by
those seas to China, &c., though nothing appears now to be less their
regard; nay; if all be true, they are the very people that discourage and
impede all attempts made by others for the opening that passage to the
South Seas. They export some woollen goods and haberdashery wares,
knives, hatchets, arms, and other hardware; and in return bring back
chiefly beaver-skins, and other skins and furs.
The last, and once the most considerable of all the trading companies, is
that of the South Sea, established by Act of Parliament in the ninth year
of the late Queen Anne; but, what by reason of the mismanagement of its
directors in 1720, the miscarriage of their whale-fishery, and the
intrigues of the Spaniards, their credit is sunk, and their trade has
much decreased.
I proceed, in the next place, to inquire what countries the merchants of
London trade to separately, not being incorporated or subject to the
control of any company.
Among which is the trade to Italy, whither are exported broad-cloth,
long-ells, baize, druggets, callimancoes, camlets, and divers other
stuffs; leather, tin, lead, great quantities of fish, as pilchards,
herrings, salmon, Newfoundland cod, &c., pepper, and other East India
goods.
The commodities England takes from them are raw, thrown, and wrought
silk, wine, oil, soap, olives, some dyer’s wares, anchovies, &c.
To Spain the merchants export broad-cloth, druggets, callimancoes, baize,
stuff of divers kinds, leather, fish, tin, lead, corn, &c.
The commodities England takes from them are wine, oil, fruit of divers
kinds, wool, indigo, cochineal, and dyeing stuffs.
To Portugal also are exported broad-cloth, druggets, baize, long-ells,
callimancoes, and all other sorts of stuffs; as well as tin, lead,
leather, fish, corn, and other English commodities.
Public-domain text, read in full here on John Shaqi.
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