knives, hatchets, arms, and other hardware; and in return bring back
chiefly beaver-skins, and other skins and furs.

The last, and once the most considerable of all the trading
companies, is that of the South Sea, established by Act of
Parliament in the ninth year of the late Queen Anne; but, what by
reason of the mismanagement of its directors in 1720, the
miscarriage of their whale-fishery, and the intrigues of the
Spaniards, their credit is sunk, and their trade has much decreased.

I proceed, in the next place, to inquire what countries the
merchants of London trade to separately, not being incorporated or
subject to the control of any company.

Among which is the trade to Italy, whither are exported broad-cloth,
long-ells, baize, druggets, callimancoes, camlets, and divers other
stuffs; leather, tin, lead, great quantities of fish, as pilchards,
herrings, salmon, Newfoundland cod, &c., pepper, and other East
India goods.

The commodities England takes from them are raw, thrown, and wrought
silk, wine, oil, soap, olives, some dyer's wares, anchovies, &c.

To Spain the merchants export broad-cloth, druggets, callimancoes,
baize, stuff of divers kinds, leather, fish, tin, lead, corn, &c.

The commodities England takes from them are wine, oil, fruit of
divers kinds, wool, indigo, cochineal, and dyeing stuffs.

To Portugal also are exported broad-cloth, druggets, baize, long-