The Court of Directors of the United Company of Merchants of England, Trading to the East-Indies, considering how far it may be proper to reserve to themselves several Articles for the Trade of the said Company, and desiring to give all due and fitting Encouragement to the Commanders and Officers of Ships employed in their Service, do hereby declare as follows:

That the Court do reserve to themselves the Exportation of Bullion, Cloth and all Sorts of Woollen Goods, Copper, Iron, Lead, Steel, and Warlike Stores, for the sole Use and Account of the Company, except as is hereafter mentioned.

The said Court do allow the Commanders and Officers of Ships in their Service, to Export the following Quantities of Tonnage respectively in any Sort of Goods, except as above reserved for the trade of the Company, provided the Ship is let for 499 Tons. And if she shall be let at a greater or lesser Burthen, then they shall be allowed a greater or lesser Quantity of Tonnage in proportion, viz.

They do allow the above-mentioned Persons to invest one half and not more of the said Tonnage so allowed them in Iron, Lead, or Steel.

That in case the Commanders and Officers of China Ships, and they only, are not able to invest so far as the Amount of the under-mentioned Sums respectively in Goods according to the above Regulations, the Court will then permit them to carry out Bullion to make up that Amount, viz.

And the Commanders of China Ships are hereby allowed further to carry out separately to the Amount of Three thousand Pounds in Bullion for the Purchase of Gold, but the Court do hereby declare it to be their Meaning and Intention, that the whole Quantities of Goods and Bullion, as well as the Coral and other Articles hereafter mentioned, so to be carried out, shall not exceed the Allowances of Tonnage made to each Person, as above-mentioned respectively.

And the Commanders and undermentioned Officers of Ships in the Company's Service are allowed to invest the following Sums in Coral, Amber, Coral Beads,