[The following Discourse, one of the most curious and valuable contributions to the History of early discovery in the New World, has remained practically unknown from the date of its composition to the present time. Written, as appears from the title page, of which I give a copy on page 173, by Hakluyt at the request of Mr. Walter Raleigh,(32) it must, according to the same authority, have been composed between the 17th of April and the middle of September 1584, the former being the date of sailing of Raleigh’s two ships there mentioned and the latter the date of their return. The title-page itself must have been added afterwards, as it speaks of “Mr. Walter Raghly, nowe knight,” and the 21st chapter of the Discourse seemes to have been added at the same time. Its object was evidently to urge Elizabeth to support Raleigh’s adventure, in which he was then embarked under a patent granted him on 25th March 1584. It is not, therefore, surprising to find from a letter written by Hakluyt to Sir Francis Walsingham on the 7th April 1585,(33) and from another paper in the Rolls Office, indicated in Mr. Lemon’s Calendar of State Papers of the reign of Elizabeth, 1581-90, Vol. cxcv., art. 127, that this Discourse was presented to the Queen by Hakluyt in the early autumn of 1584.(34) Four copies were certainly made of this Discourse—the original, which Hakluyt would probably keep; one for the Queen; one for Walsingham (as appears from the paper in the Record Office mentioned above); and the copy from which the present text is taken, and which alone seems to have contained the 21st Chapter. Perhaps this last copy was made for the Earl of Leicester, as the paper above alluded to states that the Earl “hath very earnestly often times writ for it.” However this may be, no copy of the Discourse was known to exist till the sale of Lord Valentia’s collection, when Mr. Henry Stevens bought the manuscript here published. Its value seems to have been properly appreciated by him, owing perhaps to the following memoranda written in pencil on the second blank leaf, in the handwriting, it is believed, of Lord Valentia:— “This unpublished manuscript of Hakluyt’s is extremely curious. “I procured it from the family of Sir Peter Thomson.(35) “The editors of the last edition would have given any money for it, had it been known to have existed.”(36) After fruitless endeavours “to find for it a resting place in some public or private library in America, and subsequently in the British Museum,”(37) Mr. Stevens sent it to Puttick & Simpson’s Auction Rooms, where it was knocked down to Sir Henry Phillipps for £44. (May, 1854.)