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Againe; yt were small charitie in the Popes to curse those Princes that have bene or are willinge to employe their treasures and people in advauncinge the honour and glory of God, and the lawfull enrichinge and benefite of their people.

And where England nowe for certen hundreth yeres last passed, by the peculiar comoditie of wolles, and of later yeres by clothinge of the same, hath raised it selfe from meaner state to greater wealthe and moche higher honour, mighte, and power then before, to the equallinge of the princes of the same to the greatest potentates of this parte of the worlde: it cometh nowe so to passe, that by the greate endevour of the increase of the trade of wolles in Spaine and in the West Indies, nowe daily more and more multiplienge, that the wolles of England, and the clothe made of the same, will become base, and every day more base then other; which, prudently weyed, yt behoveth this realme, yf it meane not to returne to former olde meanes and basenes, but to stande in present and late former honour, glorye, and force, and not negligently and sleepingly to slyde into beggery, to foresee and to plante at Norumbega or some like place, were it not for any thing els but for the hope of the vent of our woll indraped, the principall and in effecte the onely enrichinge contynueinge naturall comoditie of this realme.