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It is reported, that in the year 1500, one Gaspar Cortereal got a general license from King Emanuel to make discoveries in the new world. He fitted out two stout ships at his own cost, from the island of Tercera, and sailed to that part of the new world which is in 50° N. which has been since known by his name, and came home in safety to Lisbon.

In this island, according to the report of the inhabitants, there grows green woad, which they allege is far better than the woad of St Michael or of Tercera.

The ninth of October 1589. there arriued in Tercera fourteene ships that came from the Spanish Indies, laden with Cochinile, Hides, Golde, Siluer, Pearles, and other rich wares.

About this time, the earl of Cumberland, with one of the queens ships and five or six others, kept hovering about the islands, and came oft-times close to the island of Tercera, and to the road of Angra, so near that the people on land could easily count all the men on his decks, and could even distinguish one from another; they of the island not once shooting at them, which they might easily have done, as they were often within musket-shot of the town and fort.

On Thursday night, being driven to within three or four leagues of Tercera, we saw fifteen sail of the West India fleet going into the haven of Angra in that island; but, though we lay as close to windward as possible during the four following days, we were unable to get near them.

It was ten years later in the reign of Elizabeth, when James VI. was under one of his many eclipses of favour, and when the united English and Dutch fleets had been performing gallant exploits at Cadiz and Tercera, that license for a few weeks' absence was requested for one of the lieutenants in her Majesty's guard, Master Richard Talbot.

On the 19th March 1590, having laden the kings silver and received Alvaro Flores with his company, and good provision of necessaries, warlike ammunitions and soldiers, the before-mentioned 19 ships sailed from Tercera, firmly resolved, as they set forth, to fight valiantly to the last man, before they would yield or lose their riches.

By the last advice from Castile, the general of the king of Spains armada, lately put to sea, is ordered to join his fleet with that of the Indies, and to remain at Tercera till the 15th of October, waiting for six pataches with seven or eight millions of the royal treasure expected by that time: otherwise they are to wait their coming from the Havannah till January next, or until the kings farther pleasure shall be made known.

These two ships sailed from Tercera with three or four hundred men, including those who came with them from the Indies and soldiers; but while at sea in a storm, the admiral split and sunk outright, not one man being saved; and the vice-admiral, after cutting away her masts, ran aground hard by Setubal, where she broke in pieces, some of the men saving themselves by swimming, who brought the news of all the rest being drowned.

He had with him the kings commission under the great seal, giving him full authority as general and commander in chief upon the seas, over all fleets and ships, and in all places, lands, and islands, on shore wherever he came; wherefore the governor of Tercera shewed him much honour, and between them it was concerted, seeing the weakness of the ships and the danger from the English, that they should send the ships first empty of treasure to Seville or Lisbon, under a guard of soldiers, when the king might give orders afterwards to fetch the silver home under safe convoy.