This Company Consists Of A Governor, Deputy-Governor, And Twenty-
Four Assistants, Elected Annually In October; But Either They Have
No power to exclude others from trading within their limits, or the
fine for permission is so inconsiderable, that it
Can never hinder
any merchants trading thither who is inclined to it; and, in fact,
this trade, like the former, is carried on by private merchants, and
the trade to Norway and Sweden is laid open by Act of Parliament.
To Norway and Denmark merchants send guineas, crown-pieces, bullion,
a little tobacco, and a few coarse woollens.
They import from Norway, &c., vast quantities of deal boards,
timber, spars, and iron.
Sweden takes from England gold and silver, and but a small quantity
of the manufactures and production of England.
England imports from Sweden near two-thirds of the iron wrought up
or consumed in the kingdom, copper, boards, plank, &c.
The Turkey or Levant Company was first incorporated in the reign of
Queen Elizabeth, and their privileges were confirmed and enlarged in
the reign of King James I., being empowered to trade to the Levant,
or eastern part of the Mediterranean, particularly to Smyrna,
Aleppo, Constantinople, Cyprus, Grand Cairo, Alexandria, &c. It
consists of a governor, deputy-governor, and eighteen assistants or
directors, chosen annually, &c. This trade is open also to every
merchant paying a small consideration, and carried on accordingly by
private men.
These merchants export to Turkey chiefly broadcloth, long-ells,
tins, lead, and some iron; and the English merchants frequently buy
up French and Lisbon sugars and transport thither, as well as
bullion from Cadiz.
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