"After Long Conferences Between English And Dutch Commissioners, For
Settling The Disputes Between The Two Companies, A Treaty Was Concluded
At London on the 17th July, 1619; by which, after specifying an amnesty
for all past excesses, and a mutual
Restitution of ships and property,
the trade of the two nations in the East was declared to be free; - That
the pepper trade at Java should be equally divided; - That the English
should have a free trade at Pullicat, on paying half the expences of the
garrison; - That the English were to enjoy one third of the export and
import trade, at the Molucca and Banda islands, commonly called the
spice islands; commissioners to be appointed for regulating the trade,
and the charges of the garrisons, under their inspection, to be defrayed
in that proportion by the two Companies; - That each Company should
furnish ten ships of war for the common defence; which ships were not to
be employed to bring cargoes to Europe, but only in the carrying trade,
between one port and another in the East Indies. - The whole proceedings
arising out of this treaty, were to be under the regulation of a
Council of Defence, composed of four members appointed by each
Company, who were to reside in India; and this treaty was to subsist in
force for twenty years.
"It would lead far beyond any due bounds that could be afforded in this
work, to follow out this compact, singularly weak on the part of King
James, and assuredly either contrived by his boasted king craft, or
devised by some wily Dutch politician, who was acquainted with his
majesty's wonderful sagacity.
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