And that none who has cloth to sell in the said city, or in the suburbs, do sell the same unless to drapers enfranchised in the said mistery of drapery, or that it be in gross to the lords and others of the commons, who will buy the same for themselves or servants by retail, under the same penalty. And that the drapers enfranchised in the mistery of drapery in the said city, may elect each year four of their own mistery, who may be sworn twice a year in the presence of the Mayor, to oversee that no default or deceit be used or committed in the mistery aforesaid, and to rule and govern the said mistery of drapery in the same city, to the common profit of the people, and that due punishment be done on them in whom defaults shall be found, according to the advice and discretion of the said four persons, by the aid of the Mayor and Sheriffs when need is; the which Mayor and Sheriffs we will shall be intendants to the said four persons, when they shall be required by them. And we also will and give power to the said four persons who may be elected and sworn, to take an oath of all those who shall be received into the said mistery of drapery in the same city, to use and do whatever appertains to the same mistery well and lawfully, without fraud, evil design, or subtle management against the points and ordinances aforesaid. Saving always to our beloved in God the prior of St. Bartholomew, in Smithfield, and other lords who have fairs in the said suburbs by grant of our progenitors, their fairs, franchises, and free-customs, which they have exercised in their said fairs, from the time of the said grants, so that no damage or prejudice shall be done to them in any way under colour of this our ordinance and grant; and saving the franchises by us granted to the merchants, vintners of England and Gascoigny, which we will shall remain in force in all points in manner as in our letters patent to the said drapers is more fully contained. * * * * * Wherefore we command and firmly enjoin you forthwith that at your peril you cause to be proclaimed and published in the said city and suburbs, and all places where it should be done, that all the said things so by us granted may be firmly held and kept in form aforesaid. And hereof in no manner fail. Given at Westminster the 14th day of July (1364). A LETTER FROM EDWARD III. (1365).