First, SUch a Company would be a great Monopoly, which hath always been justly Odious in the Eyes of the Law; for there would be in such a Case but one Buyer of all the English Manufactures sent to India, and but one Seller of the Commodities from thence.

Secondly, This will give such a Company opportunity to buy the English Commodities cheap, and to sell the Forreign imported Com­modities dear, both which are to the Detriment of England. But on the contrary, the more Buyers there are of English Commodities, and the more Sellers of Forreign, the first will be sold the dearer, and the latter the cheaper: And to have Forreign Commodities cheap, and our own dear, will by all Men be allowed to be our Advantage.

Thirdly, If all were admitted to Trade thither, the Trade would be much enlarged, the Industry of particular Persons would find our more Places of Trade, (when themselves shall reap the benefit of their own Acquisitions) which a Company with a Joynt-Stock will not be en­duced to do, because they can get as much by a small Trade as by a greater.

Fourthly, It seems against Common Justices, and the Birth-right of English-men, to exclude any of them from so great a part of the Trade of the Nation, and that Bristol, Exeter, Plymouth, Hull, Yarmouth, &c. should not Trade to the East-Indies from their own Ports as well as from London,

Fifthly, The Dutch do indeed Trade with a Joynt-Stock, but they give Liberty to their own Subjects to Import all sorts of East-India Goods into their Countrey from England, or any other parts, except India: Whereas by the Act of Navigation, no East-India Goods may be brought into this Kingdom but directly from thence. So that it will be in such a Companys Power to make us pay what they please for their Imported Commodities, without any Remedy against it, which makes it plain that the Subjects of England will then be in a far worse Condition than those of Holland are under their Company.