In 1400 we find Yarmouth giving up altogether the attempt to enforce their charter, and entering into an agreement with Lowestoft, which gave express sanction to their purchasing herrings from ships lying off their shore. This agreement was entitled “An accord or composition between Yarmouth and Lowestoft that the latter might buy herrings in Kirkley Road upon conditions therein specified.” The Lowestoft merchants were allowed to buy fish from all ships that were not “hosted” to Yarmouth merchants i.e., from ships whose owners had not entered into engagements with Yarmouth merchants to sell their fish to them, or through them, as their agents (an arrangement, very necessary for foreigners in those days); and the Lowestoft merchants might buy also from these ships herrings which the Yarmouth “hosts” did not require for themselves, upon payment of half a mark per last to the hosts, in addition to the price of the fish. This “Composition” was formally sanctioned by the King in Council, and was issued by “Letters patent” in the 2nd. year of Henry IV. As we do not hear of any further litigation between Lowestoft and Yarmouth for 200 years, we may take it that the first contest between the two towns was closed by this agreement, whether this long truce was due to it, or to other causes. Swinden in his history of Yarmouth ends here his story of “The Contest about Kirkley Road.” He promised another chapter in which he would have had to deal with the renewal of the contest by Yarmouth in the 16th and again in the 17th centuries. This chapter was not written. He probably found a difficulty in treating the later episodes of the story, which must have been a very sore subject between the two towns even when he was writing. Our interest in it is now purely archæological. The story though somewhat tedious cannot be dispensed with in a history of Lowestoft, any more than the ghost’s story in Hamlet. It is the story of the growth of Lowestoft from a small village into a fishing town of some importance to the country. Her trade was probably growing rapidly during the whole period that the contest lasted. But from the beginning of the 15th century her merchants were free to take their full share in the herring trade, and in any other trade, which the position of the town would enable them to develope; though without a harbour, her merchants, whether as fishing adventurers, or as general merchants, must have had a very limited range for their enterprises. PART III.—EVIDENCE FURNISHED BY THE LAY SUBSIDIES OF THE GROWTH OF LOWESTOFT.