And whereas we are enformed of the sayd Edward Osborne knight, William Hareborne and Richard Staper, that George Barne, Richard Martine, Iohn Harte knights, and other marchants of our sayd Citie of London haue by the space of eight or nine yeeres past ioyned themselues in companie, trade and traffike with them the sayd Edward Osborne knight, William Hareborne and Richard Staper, into the sayde dominions of the sayd great Turke, to the furtherance thereof and the good of the Realme.

And whereas further it is made knowen vnto vs, that within fewe yeeres how past our louing and good subjects, Thomas Cordall, Edward Holmeden, William Garraway and Paul Banning, and sundry other merchants of our said Citie of London, haue likewise at their great costes and charges, builded and furnished diuerse good and seruiceable shippes and therewith to their like costs and charges haue traded and frequented, and from time to time doe trade and frequent and traffike by sea with the commodities of our Realme to Venice, Zante, Candie, and Zephalonia, and other the dominions of the Segniorie and State of Venice, and thereby haue made and mainteyned, and doe make and continually maintains diuers good shippes with mariners skilfull and fitte and necessarie for our seruice: and doe vent out of our Realme into those partes diuerse commodities of our Realme, and returne hither into our sayde Realme many good and necessarie commodities for the common wealth thereof: All which traffike, as well inward as outward vntill it hath beene otherwise brought to passe by the sayde endeuours, costs, and charges of our sayde subiects, was in effect by our subiectes wholy discontinued.

Knowe yee, that hereupon we greatly tendring the wealth of our people and the encouragement of them and other our louing subiects in their good enterprises for the aduancement of lawfull traffike to the benefite of our common wealth, haue of our speciall grace, certaine knowledge, and meere motion giuen and graunted, and by these presents for vs, our heyres, and successours, doe giue and graunt vnto our sayd trustie and welbeloued subiectes Edwarde Orborne Knight, George Barne Knight, George Bonde knight, Richard Martine knight, Iohn Harte knight, Iohn Hawkins knight, William Massam, Iohn Spencer, Richard Saltonstall, Nicholas Mosley Alderman of our sayde Citie of London, William Hareborne, Edwarde Barton, William Borrough Esquires, Richard Staper, Thomas Cordall, Henrie Paruis, Thomas Laurence, Edwarde Holmeden, William Garraway, Robert Dowe, Paul Banning, Roger Clarke, Henrie Anderson, Robert Offley, Philip Grimes, Andrewe Banning, Iames Staper, Robert Sadler, Leonarde Power, George Salter, Nicholas Leate, Iohn Eldred, William Shales, Richard May, William Wilkes, Andrewe Fones, Arthur Iackson, Edmund Ansell, Ralph Ashley, Thomas Farrington, Roberte Sandie, Thomas Garraway, Edwarde Lethlande, Thomas Dalkins, Thomas Norden, Robert Bate, Edward Sadler, Richard Darsall, Richard Martine Iunior, Ralph Fitch, Nicholas Pearde, Thomas Simons, and Francis Dorrington, [Marginal note: The marchants aboue named be made a fellowship and companie for 12 yeeres by the name of the Gouernor and companie of the marchants of the Leuant.] that they and euery of them by the name of Gouernour and company of Marchants of the Leuant shall from hence foorth for the terme of twelue yeeres next ensuing the date hereof bee one bodie, fellowshippe and companie of themselues, both in deede and in name: And them by the name of Gouernour and companie of marchantes of the Leuant wee doe ordayne, incorporate, name, and declare by these presentes, and that the same fellowshippe and companie from hence foorth shall and may haue one Gouernour. [Sidenote: Sir Edward Osborne appointed the first Gouernour.] And in consideration that the sayde Edwarde Osborne Knight hath beene of the chiefe setters foorth and actors in the opening and putting in practise of the sayde trade to the dominions of the sayde Grand Signor: Wee doe therefore specially make, ordaine, and constitute the sayde Edwarde Osborne Knight, to bee nowe Gouernour during the time of one whole yeere nowe next following, if hee so long shall liue: and after the expiration of the sayde yeere, or decease of the sayde Edward Osborne the choyse of the next Gouernour, and so of euery Gouernour from time to time during the sayde terme of twelue yeeres to be at the election of the sayde fellowshippe or companie of marchantes of the Leuant or the more part of them yeerely to be chosen, [Sidenote: A priuiledge for the East Indies.] and that they the sayde Sir Edward Osborne, and all the residue of the sayde fellowshippe or companie of Marchantes of the Leuant and euerie of them, and all the sonnes of them and of euery of them, and all such their apprentises and seruants of them and of euery of them, which haue beene or hereafter shall be imployed in the sayde trade by the space of foure yeeres or vpwardes by themselues, their seruantes, factors or deputies, shall and may by the space of twelue yeeres from the day of the date of these our letters Patents freely traffike, and vse the trade of Marchandize as well by sea as by lande into and from the dominions of the sayde Grand Signor, and into and from Venice, Zante, Candie and Zephalonia, and other the dominions of the Signiorie and State of Venice, and also by lande through the Countries of the sayde Grand Signor into and from the East India, lately discouered by John Newberie, Ralph Fitch, William Leech, and Iames Storie, sent with our letters to that purpose at the proper costs and charge of the sayde Marchants or some of them: and into and from euerie of them in such order, manner, forme, libertie and condition fo all intentes and purposes as shall be betweene them of the sayde fellowshippe or companie of Marchantes of the Leuant or the more part of them for the time being limited and agreed, and not otherwise, without any molestation, impeachment, or disturbance; any lawe, statute, vsage, or diuersitie of Religion or faith, or any other cause or matter whatsoeuer to the contrarie notwithstanding.

And that the sayde Governour and companie of Marchantes of the Leuant, or the greater part of them for the better gouernement of the sayde fellowshippe and companie, shall and may within fortie dayes next and immediatly following after the date hereof, and so from hence foorth yeerely during the continuance of this our graunt, assemble themselues in some conuenient place, and that they or the greater parte of them being so assembled, shall and may elect, ordaine, nominate, and appoint twelue discreete and honest persons of the sayde companie to be assistants to the sayde Gouernour, and to continue in the sayde office of assistants, vntill they shall die or bee remoued by the sayde Gouernour and companie or the greater part of them. And if it happen the sayde assistantes or any of them to die, or be remooued from their sayde office at anie time during the continuance of this our graunt: that then and so often it shall and may bee lawfull to and for the sayde Gouernour and companie of marchantes of the Leuant, or the greater part of them to elect and chuse one or more other persons of the sayd companie into the place or places of euery such person or persons so dying or happening to be remooued, as is aforesayde. And wee will and ordaine that the same person or persons so as is aforesaide to be elected shall be of the sayd number of assistants of the sayde companie. And this to be done so often as the case shall so require. And that it shall and may be lawfull to and for the sayde Edwarde Orborne Knight, George Barne Knight, George Bonde knight, Richard Martine knight, Iohn Hart knight, Iohn Hawkins knight, William Massam, Iohn Spencer, Richard Saltonstall, Nicholas Mosley, William Hareborne, Edwarde Barton, William Borrough, Richard Staper, Thomas Cordall, Henrie Paruis, Thomas Laurence, Edwarde Holmeden, William Garraway, Robert Dowe, Paul Banning, Roger Clarke, Henrie Anderson, Robert Offley, Philip Grimes, Andrewe Banning, Iames Staper, Robert Sadler, Leonarde Power, George Salter, Nicholas Leate, John Eldred, William Shales, Richard May, William Wilkes, Andrewe Fones, Arthur Iackson, Edmund Ansell, Ralph Ashley, Thomas Farrington, Robert Sandie, Thomas Garraway, Edwarde Lethlande, Thomas Dalkins, Thomas Norden, Robert Bate, Edward Sadler, Richard Darsall, Richard Martine Iunior, Ralph Fitch, Nicholas Pearde, Thomas Simons, and Francis Dorrington aforesayde, or any of them to assemble themselues for or about any the matters, causes or affaires or businesses of the sayde trade in any place or places for the same conuenient from time to time during the sayde terme of twelue yeeres within our dominions or else where. And that also it shall and may be lawfull for them or the more part of them to make, ordaine and constitute reasonable lawes and orders for the good gouernment of the sayde companie, and for the better advancement and continuance of the sayde trade and traffike: the same lawes and ordinances not being contrarie or repugnant to the lawes, statutes or customes of our Realme: And the same lawes and ordinances so made to put in vse, and execute accordingly, and at their pleasures to reuoke and alter the same lawes and ordinances or any of them as occasion shall require.

And we doe also for vs, our heyres and successors of our speciall grace, certaine knowledge, and meere motion graunt to and with the sayd Gouernour and companie of marchantes of the Leuant, that when and as often at any time during the sayde terme and space of twelue yeeres as any custome, pondage, subsidie or other duetie shall be due and payable vnto vs, our heires, or successors for any goods or marchandize whatsoeuer, to be carried or transported out of this our port of London into any the dominions aforesayde, or out of or from any the sayde dominions vnto our sayde port of London, that our Customers, and all other our officers for receites of custome, pondage, subsidie or other duetie vnto whom it shall appertaine, shall vpon the request of the sayde Gouernour for the time being, giue vnto the sayde companie three monethes time for the payment of the one halfe, and other three monethes for the payment of the other halfe of their sayde custome, pondage, or other subsidie or duetie for the same, receiuing good and sufficient bonde and securitie to our vse for the payment of the same accordingly. And vpon receipt of the sayde bonde to giue them out their cockets or other warrants to lade out and receiue in the same their goods by vertue hereof without any disturbance. And that also as often as at any time during the sayde terme of twelue yeeres any goods or marchandize of any of the sayde companie laden from this our port of London in any the dominions beforesayde shall happen to miscarie before their safe discharge in the partes for and to the which they be sent: That then and so often so much custome, pondage, and other subsidie as they answered vs for the same, shall after due proofe made before the Treasurour of England for the time being of the sayde losse, and the iust quantitie thereof, be by the vertue hereof allowed vnto them, by warrant of the sayde Treasurour to the sayde Customers in the next marchandize that they shall or may shippe for those partes, according to the true rates of the customes, pondage, or subsidies heretofore payde for the goods so lost or any part or parcell thereof.

And for that the sayde companie are like continually to bring into this our Realme a much greater quantitie of forren commodities from the forren Countreyes, places, or territories aforesaide, then here can be spent for the necessarie vse of the same, which of necessitie must be transported into other countreyes, and there vented, we for vs, our heires and successors of our speciall grace, certaine knowledge, and meere motion doe graunt to and with the sayd Gouernour and companie that at all times from time to time during the space of thirteene moneths next after the discharge of any the sayde goods so brought in, and the subsidies, pondage, customes and other duties for the same being before hande payde or compounded for as aforesayd, it shall be lawfull for them or any of them or any other person or persons whatsoeuer being naturall subiects of the Realme which may or shall buy the same of them or any of them to transport the same in English bottomes freely out of this Realme without payment of any further custome, pondage, or other subsidie to vs, our heires or successors for the same, whereof the sayde subsidies, pondage, or customes or other duties shall be so formerly payde and compounded for, as aforesayd, and so proued. And the sayd customer by vertue hereof shall vpon due and sufficient proofe thereof made in the custome house giue them sufficient cocket or certificate for the safe passing out thereof accordingly. And to the ende no deceipt be vsed herein to vs our heires, and successors, certificate shall be brought from our collector of custome inwardes to our customer outwardes that the sayd marchandizes haue within the time limited answered their due custome, subsidie, pondage and other duties for the same inwards.

And furthermore we of our ample and aboundant grace, meere motion, and certaine knowledge haue graunted, and by these presents for vs our heyres and successours doe graunt vnto the said Gouernours and companie of marchantes of the Leuant, that they and such onely as be and shall be of that companie, shall for the sayd terme of twelue yeeres haue, vse, and enioy the whole and onely trade and traffike, and the whole entire and onely libertie, vse, and priuilege of trading and traffiking, and vsing feate of marchandise by and through the Leuant seas otherwise called the Mediterran seas into and from the sayd dominions of the Grand Signor, and dominions of the state of Venice; and by and through the sayd Grand Signors dominions to and from such other places in the East Indies discouered as aforesayd. And that they the sayd Gouernour and companie of marchants of the Leuant and euery particular and seuerall person of that companie their and euery one of their servants, factors, and deputies shall haue full and free authoritie, libertie, facultie, licence, and power to trade and trafficke by and through the sayde Leuant seas into and from all and euery the sayd dominions of the sayde Grand Signor, and the dominions of the state of Venice, and the sayde Indies, and into and from all places where by occasion of the sayd trade they shall happen to arriue or come, whither they be Christians, Turkes, Gentiles, or others: And by and through the sayd Leuant seas into and from all other seas, riuers, portes, regions, territories, dominions, coastes and places with their ships, barkes, pinases and other vessels, and with such mariners and men as they will leade or haue with them, or sende for the sayde trade as they shall thinke good at their owne costes and expenses.

And for that the shippes sayling into the sayde Countreyes must take their due and proper times to proceede in these voyages, which otherwise as we well perceiue cannot be performed in the rest of the yeere following: Therefore we of our speciall grace, certaine knowledge, and meere motion, for vs, our heyres and successors doe graunt to and with the sayd Gouernour and companie of Marchantes of the Leuant, that foure good shippes well furnished with ordinance and other munition for their defence, and two hundred mariners English men to guide and sayle in the same four shippes at all times during the sayde twelue yeeres shall quietly bee permitted and suffered to depart and goe in the sayde voyages, according to the purport of these presents, without any stay or contradiction by vs, our heyres and successors, or by the Lorde high Admirall or any other officer or subject of vs, our heires or successours in any wise: Any restraint, lawe, statute, vsage or matter whatsoeuer to the contrarie notwithstanding.

Prouided neuerthelesse, that if wee shall at any time within the sayde twelue yeeres haue iust cause to arme our Nauie in warrelike manner in defence of our Realme, or for offence of our enemies: and that it shall be founde needefull and conuenient for vs to ioyne to our Nauie the shippes of our subjects to be also armed for warres to such number as cannot bee supplied if the sayd foure shippes should be permitted to depart as aboue is mentioned; then vpon knowledge giuen by vs or our Admirall to the sayde Gouernour or companie about the fifteenth day of the moneth of March, or three moneths before the saide companie shall beginne to make readie the same foure shippes that we may not spare the sayd foure ships and the marriners requisite for them to be out of our Realme during the time that our Nauie shal be vpon the seas, that then the sayde companie shall forbeare to send such foure shippes for their trade of marchandise vntill that we shall retake our sayd Nauie from the sayd service.

And further our will and pleasure is, and wee doe by these presentes graunt that it shall be lawfull to and for the sayd Gouernour and companie of Marchantes of the Leuant to haue and vse in and about the affaires of the sayde companie a common seale for matters concerning the sayde companie and trade. And that also it shall be lawfull for the Marchants, Mariners, and Sea men, which shall be vsed and imployed in the sayde trade and voyage to set and place in the toppes of their ships or other vessels the Armes of England with the redde-crosse in white ouer the same as heretofore they haue vsed.