new company found it necessary to unite with the old company, and to
trade with one joint stock, and have ever since been styled "The
United Company of Merchants trading to the East Indies."

The company have a governor, deputy-governor, and twenty-four
assistants or directors, elected annually in April.

The East India Company export great quantities of bullion, lead,
English cloth, and some other goods, the product or manufacture of
that kingdom, and import from China and India tea, china ware,
cabinets, raw and wrought silks, coffee, muslins, calicoes, and
other goods.

Bengal raw silk is bought at very low prices there, and is very
useful in carrying on the manufactures of this kingdom.

China silk is of excellent staple, and comes at little above one-
third of the price of Italian Piedmont silk.

The China silk is purchased at Canton, but their fine silk is made
in the provinces of Nankin and Chekiam, where their fine
manufactures are carried on, and where prodigious quantities of raw
silk are made, and the best in all China.

The Royal African Company was incorporated 14 Charles II., and
empowered to trade from Sallee, in South Barbary, to the Cape of
Good Hope, being all the western coast of Africa. It carries no
money out, and not only supplies the English plantations with
servants, but brings in a great deal of bullion for those that are
sold to the Spanish West Indies, besides gold dust and other