1. For the quick and necessary supply of such ships whose occasions, or contrary winds, brought them in there, without being obliged (as then they were) to go up two miles the river to Penryn, or nine miles to Truro, in order thereto, or to take in and out their cargoes or lading, and make entries at the custom-houses at such distance, by reason of which delays of time they many times lost the opportunity of a fair wind to prosecute their intended voyages, longer than was for their advantage. 2. For the speedy supplying or reinforcing the Castle of Pendennis, contiguous therewith, with men, ammunition, and provisions, in case of any enemy’s sudden invasion, or endeavouring to take the same by storm or surprise, before the country militia could be raised, or recruits brought in for that purpose. 3. For that other castles for the same reasons were built near towns, or towns erected near them, as Dover, Portsmouth, Plymouth, Newcastle, Gravesend, and many more.” As appears more at large from the letters and reasons of Sir Nicholas Hals to the Lords of the Council aforesaid, whereof, by fees to the Clerk of the Council, or Secretary of State, copies were privately taken forth, at the special instance and request of the said Richard Penwarne, and other Members of Parliament then in London, who transmitted them, by the hands of Mr. Anthony Mundye, to the Corporation aforesaid, where the writer of these lines hath had a full view of them, amongst the papers and records of the borough of Penryn, then lodged in the chest of its town-hall. Whereupon King James, upon a full hearing of this controverted matter between the parties aforesaid, and what could be alleged on either part, gave his opinion (with which all the Council agreed) that the erecting a town at Smith-ike by Mr. Killigrew, could in no sense be prejudicial to the coinage and incorporate towns aforesaid, they standing at such considerable distances from it; but especially for that every man might lawfully do what he would for the utility and advantage of his own proper goods or lands, without the licence or approbation even of the King, or any contiguous neighbour, who had no public or private nuisance thereby done him: how much more reasonable was it, therefore, when the owners of such lands converted them to such uses as tended not only to his own, but the public good and advantage of the king and country together. Whereupon Mr. Killigrew proceeded with his intended buildings, and his tenants, the inhabitants thereof, quickly grew rich by trade and merchandize both at home and abroad: so that in about twenty years’ time the town became notably famous in respect thereof, and is now, for wealth, trade, and buildings, scarcely inferior to any town in Cornwall. It is privileged also with a weekly market on Thursdays, and with fairs upon July 27 and October 30. The chief inhabitants of this town are Mr. Russell, Mr. Tresahar, Mr. Corker, Mr. Hill, Mr. Gwyn.