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That the state of the priuilege granted before in the names of some priuate and particular men, be altered in that point, and the same granted by the name and stile of their incorporation, viz. To the felowship of English merchants for the discouerie of new trades. 3 That vpon euery surmise and light quarel, the said priuilege be not reuoked and annulled, as before time it hath bene.

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.

What minerall matter may fall out to bee found, is a thing left in suspence, vntill some better knowledge, because there be many men, who hauing long since expected some profits herein, vpon the great promises that haue bene made them, and being as yet in no point satisfied, doe therevpon conceiue that they be but wordes purposely cast out for the inducing of men to bee the more ready and willing to furnish their money towards the charge of the first discouerie.

VI. Articles set downe by the Committies appointed in the behalfe of the Companie of Moscouian Marchants, to conferre with M. Carlile, vpon his intended discouerie and attempt into the hithermost parts of America. The names of the Committies. Master Alderman Hart. Master Alderman Spencer. Master Hoddesden. Master William Burrough. Master Slany. Master Towerson. Master Staper. Master Iohn Castelin.

But when the French had their wants serued all the yeere and that as yet they sawe not any appearance of their intended matter, which was the discouerie of the passage, and yet imagining by the signes, wherewith the willing people endeuoured to declare their knowledge in that poynt, that some good matter might bee had from them, if they might haue beene well vnderstoode, they resolued with themselues to take some of the sufficientest men of that countrey home into France, and there to keepe them so long, as that hauing once atchieued the French tongue, they might declare more substantially their minde, and knowledge in the sayde passage, concluding this to be the meane of least charge, of least trauaile, and of least hazard.

The discouerie of the Isles of Frisland, Iseland, Engroneland, Estotiland, Drogeo and Icaria: made by two brethren, namely M. Nicholas Zeno, and M. Antonio his brother: Gathered out of their letters by M. Francisco Marcolino.

The next yere, although diuers of the aduenturers fell from the Action, as all the Westerne marchants, and most of those in London: yet some of the aduenturers both honourable and worshipfull continued their willing fauour and charge, so that by this meanes the next yere two shippes were appointed for the fishing and one pinnesse for the discouerie.

That no person shall hereafter aduenture in this discouerie as Aduenturers for the profits mentioned in the first Articles, but such onely as doe disbursse their money in the first preparation: and they shall not aduenture hereafter any greater summe, then ratably according to their proportion of this their first aduenture.

In which trauaile he had spent so much of the yeere, that it was nowe the moneth of October, and therefore thought it conuenient for the better enforming himselfe at large in this discouerie, to winter it out in those partes, which he did at a place called by himselfe Holy Crosse.

In the yeere 1534. Iames Carthier, of S. Malo made his first discouerie of those partes of America, which lie to the Westwardes, and as it were on the backside of Newfoundland.