xix.
But neither this stipulation, nor the fear of reprisals, nor the sense of that friendship which subsisted between England and the states, could restrain the avidity of the Dutch company, or render them equitable in their proceedings towards their allies.

Impatient to have the sole possession of the spice trade, which the English then shared with them, they assumed a jurisdiction over a factory of the latter in the Island of Amboyna; and on very improbable, and even absurd pretences, seized all the factors with their families, and put them to death with the most inhuman tortures.

This dismal news arrived in England at the time when James, by the prejudices of his subjects and the intrigues of his favorite, was constrained to make a breach with Spain: and he was obliged, after some remonstrances, to acquiesce in this indignity from a state whose alliance was now become necessary to him.

It is remarkable, that the nation, almost without a murmur, submitted to this injury from their Protestant confederates; an injury which, besides the horrid enormity of the action, was of much deeper importance to national interest, than all those which they were so impatient to resent from the house of Austria.
The exports of England from Christmas, 1612, to Christmas 1613, are computed at two millions four hundred and eighty-seven thousand four hundred and thirty-five pounds; the imports at two millions one hundred and forty-one thousand one hundred and fifty-one: so that the balance in favor of England was three Hundred and forty-six thousand two hundred and eighty-four.[*] But in 1622, the exports were two millions three hundred and twenty thousand four hundred and thirty-six pounds; the imports two millions six hundred and nineteen thousand three hundred and fifteen; which makes a balance of two hundred and ninety-eight thousand eight hundred and seventy-nine pounds against England.[**] The coinage of England from 1599 to 1619 amounted to four millions seven hundred and seventy-nine thousand three hundred and fourteen pounds thirteen shillings and fourpence:[***] a proof that the balance, in the main, was considerably in favor of the kingdom.

As the annual imports and exports together rose to near five millions, and the customs never yielded so much as two Hundred thousand pounds a year, of which tonnage made a part, it appears that the new rates affixed by James did not, on the whole, amount to one shilling in the pound, and consequently were still inferior to the intention of the original grant of parliament.
The East India company usually carried out a third of their cargo in commodities.[****] The trade to Turkey was one of the most gainful to the nation.