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Ralfe Lane one of her Majesties Esquiers, and Gouernour of the Colony in Virginia, aboue mentioned, for the time there resident, to the gentle Reader wisheth all happinesse in the Lord. Farewell in the Lord. To the Aduenturers, Fauourers, and Welwillers of the enterprise for the inhabiting and planting in Virginia.

At this meeting were these chiefe aduenturers, Sir William Gerrard, sir William Chester, sir Thomas Lodge, Anthonie Hickman, and Edward Castelin.

Also, that all trade of Merchandise which shall be vsed to and from those partes, which by this discouerie shall bee found out, shall apperteine onely to the Aduenturers which first shall disbursse their money for this discouery, which prohibition to all other her Maiesties subiects, and other Marchants to deale in the sayd parts, without the consent of the first Aduenturers, vpon losse of shippe and goods, and punishment of their persons, that so shall aduenture in trade of merchandise: or otherwise by imprisonment at the Companies pleasure.

Whereupon falling into consideration that the Mermaid, albeit a very strong and sufficient ship, yet by reason of her burthen was not so conuenient and nimble as a smaller bark, especially in such desperate hazzards; further hauing in account her great charge to the aduenturers being at 100. li. the moneth, and that at doubtfull seruice: all the premisses considered with diuers other things, I determined to furnish the Moonelight with reuictualling and sufficient men, and to proceede in this action as God should direct me.

And further I can assure you vpon the perill of my life, that this voyage may be performed without further charge, nay with certaine profite to the aduenturers, if I may haue but your fauour in the action. I hope I shall finde fauour with you to see your Card.

A voiage made out of England vnto Guinea and Benin in Affrike, at the charges of certaine marchants Aduenturers of the Citie of London, in the yeere of our Lord 1553.

That those parties which doe employ themselues personally in the present discouerie, shall be named Enterprisers, and shall haue the other halfe, of all the Lands, Territories, Townes, Mines of Gold and Siluer and other mettals, yeelding to her Maiestie the fift part of the Gold and Siluer as the Aduenturers do: The same to bee distributed by the Generall, with the consent of the greatest part of twelue discreet persons to bee chosen out of the whole number of the Enterprisers.

And therefore they willed Master Selman the Register to set downe this decree with all their consents, for the better satisfying of her Maiestie, the Lords of the Counsell, and the Aduenturers.

I must, now according to my promise shew foorth some probable reasons that the aduenturers in this iourney are to take particular profit by the same. It is therefore conuenient that I doe diuide the aduenturers into two sorts: the noblemen and gentlemen by themselues, and the Merchants by themselues.

These chiefteines in their tongue be called Bassay. Ther are also another sorte muche lyke to our aduenturers, that serue withoute wages, called Aconizie. And these euer are spoiling afore when the campe is yet behynde. The fiueth parte of their butine is due vnto the king. And these are aboute a fourty thousande.