Certaine Graue Citizens Of London, And Men Of Great Wisedome, And Carefull For The Good Of Their Countrey, Began To Thinke With Themselues, Howe This Mischiefe Might Bee Remedied.

Neither was a remedie (as it then appeared) wanting to their desires, for the auoyding of so great an inconuenience:

For seeing that the wealth of the Spaniards and Portingales, by the discouerie and search of newe trades and Countreys was marueilously increased, supposing the same to be a course and meane for them also to obteine the like, they thereupon resolued vpon a newe and strange Nauigation. And whereas at the same time one Sebastian Cabota, a man in those dayes very renowmed, happened to bee in London, they began first of all to deale and consult diligently with him, and after much speech and conference together, it was at last concluded that three shippes should bee prepared and furnished out, for the search and discouerie of the Northerne part of the world, to open a way and passage to our men for trauaile to newe and vnknowen kingdomes.

And whereas many things seemed necessary to bee regarded in this so hard and difficult a matter, they first make choyse of certaine graue and wise persons in maner of a Senate or companie, which should lay their heads together, and giue their iudgments, and prouide things requisite and profitable for all occasions: by this companie it was thought expedient, that a certaine summe of money should publiquely bee collected to serue for the furnishing of so many shippes.

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