Now I have brought this Account to the Time your Excellency arriv'd; what has happen'd since, your Excellency knows better than I can by any means inform you. From the whole, it seems plain, that any Difficulties and Disadvantages this Province has been under, have only proceeded from the Wars, which have continued since the first settling of the Province, to the beginning of the last general Peace. But now, that not only _this Province_, but likewise our _six Nations_ of _Indians_ are at Peace, and in Amity, both with the _French_, and all the _Indian Nations_ with whom we can have any Commerce, these Difficulties are all remov'd, and we now enjoy the most favourable Time, that at any time can be hoped for, in order to extend the _British Commerce_ in _North-America_, while the _French_ not only labour under the Difficulties which I have shown to be inseparable from the Situation of their Colony, but likewise under another Disadvantage, (not before taken notice of) by the Furr-Trade of _Canada_ being restrain'd to one Company. This Company is obliged to pay heavy Duties in _France_ upon the Importation of Beaver, or any other Furr; for which reason they always fix a Price upon Beaver, and their other Furrs, in _Canada_; and the _Indian Traders_ of _Canada_ being restrain'd from selling to any but the Company's Agents there, they cannot raise the Price of _Indian Goods_ as the Price of _European_ rise, or as their Profit on the Goods they sell to the _Indians_ is lessen'd. The Merchants of _New-York_ allow our _Indian_ Traders double the Price for Beaver, that the _French_ Company allow their _Indian_ Traders, the Price established by the Company for Beaver, in _Canada_, being two Livres, or _eighteen Pence Sterling_, the Pound-weight; and the current Price of Beaver in _New-York_ being _five Shillings New-York_ Money, or _three Shillings Sterling_ the Pound-weight. Therefore it plainly follows, that our _Indian Traders_ could under-sell the _French Traders_, tho' they were to give as great a Price for _European Goods_ as the _French_ do, and did transport them at as great Charge, because of the double Price they have for their Furrs in _New-York_. But as our _Indian Traders_ not only have a double Price for their _Indian Goods_, but likewise buy the Goods they sell to the _Indians_, at half the Price the _French Indian Traders_ do, the _French Traders_ must be ruin'd by carrying on this Trade, in Competition with the _English_ of _New-York_. And the _French Indian Traders_ had been ruin'd before now, if they had not found means to carry their Beaver to _Albany_, where they got double the Price they must have sold for in _Canada_.