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The two gentlemen that were last knighted receiued their knighthood in the way of our returne from Cadiz: the one of them vpon the sea, not farre from the Bay of the Groyne, at what time our ships stood vpon their staies for a space while certaine Pinnasses were sent to descrie what shipping was at the Groine: The other at Plimmouth in the open streete, when the Lords Generall came from the Sermon.
By the greate plentie of those regions the marchantes and their factors shall lye there cheape, buye and repaire their shippes cheape, and shall returne at pleasure withoute staye or restrainte of forreine prince; whereas upon staies and restraintes the marchaunte raiseth his chardge in sale over his ware; and, buyenge his wares cheape, he may mainteine trade with smalle stocke, and withoute takinge upp money upon interest; and so he shalbe riche and not subjecte to many hazardes, but shalbe able to afforde the comodities for cheape prices to all subjectes of the realme.
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