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Ouer and besides all these, there is an annuall or yeerely Magistrate, which is called Chaien, whose duety it is to make inquisition of all crimes, and especially the crimes of Magistrates, and also to punish common offences: but concerning the faults of the great magistrates to admonish the king himselfe.

Since which time, by my continuall practise in the voyages made yeerely to S. Nicholas in Russia, or to the Narue, and to some other countreys also by Sea: as likewise in passing from S. Nicholas to Mosco, and from Mosco to Narue, and from thence backe againe to S. Nicholas by land, in the yeeres 1574. and 1575.

And that the sayde Governour and companie of Marchantes of the Leuant, or the greater part of them for the better gouernement of the sayde fellowshippe and companie, shall and may within fortie dayes next and immediatly following after the date hereof, and so from hence foorth yeerely during the continuance of this our graunt, assemble themselues in some conuenient place, and that they or the greater parte of them being so assembled, shall and may elect, ordaine, nominate, and appoint twelue discreete and honest persons of the sayde companie to be assistants to the sayde Gouernour, and to continue in the sayde office of assistants, vntill they shall die or bee remoued by the sayde Gouernour and companie or the greater part of them.

3 Also we may haue by the West a yeerely returne, it being at all times nauigable, whereas you haue but 4. moneths in the whole yeere to goe by the Northeast: the passage being at such eleuation as it is formerly expressed, for it cannot be any neerer the South.

And when we shall sende any aduenture into England then our Chancellour to giue them a yeeres warning, that their ships may be prouided thereafter, that by taking in of our wares, they leaue not their owne behind them. And to take our aduenture yeerely when they goe into Persia.

Although expresse mention of the true yeerely value or certaintie of the premisses, or any of them, or of any other gifts or graunts by vs, or any of our progenitours to the sayde Gouernour and Companie of the marchants of Leuant before this time made, in these presents is not made: Or any Statute, Acte, Ordinance, prouision, proclamation or restraint to the contrary thereof before this time had, made, done, or prouided, or any other matter, thing or cause whatsoeuer, in any wise notwithstanding.