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The town was granted a market in 1332, a charter in 1512, and in 1614 deeds of incorporation. But the most important event in the history of early Penzance was its burning by the Spaniards in 1595. There was an old Cornish folk-rhyme which foretold that "They shall land on the rock of Merlin, Who shall burn Paul, Penzance, and Newlyn";
There is a folk-rhyme attaching to the parish: "Germoe, little Germoe, lies under a hill, When I'm in Germoe I count myself well; True love's in Germoe, in Breage I've got none; When I'm in Germoe I count myself at home."
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