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An Act was passed which gave to a joint stock company an absolute monopoly of lustrings for a term of fourteen years. The fruit of these wise counsels was such as might have been foreseen.
A petition being presented to the house by the lustring company, against certain merchants who had smuggled alamodes and lustrings from France, even during the war; the committee of trade was directed to inquire into the allegations, and all the secrets of this traffic were detected.
Upon the report the house resolved, That the manufacture of alamodes and lustrings set up in England had been beneficial to the kingdom; that there had been a destructive and illegal trade carried on during the war, for importing these commodities, by which the king had been defrauded of his customs, and the English manufactures greatly discouraged; that, by the smuggling vessels employed in this trade, intelligence had been carried into France during the war, and the enemies of the government conveyed from justice.
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