"Notwithstanding This Resolution, The Proportions Of This Aggregate Sum
Were Applied To What Has Been Termed The Tenth, Eleventh, Twelfth, And
Thirteenth Voyages, In The Following Manner:
In 1613, the tenth
voyage was undertaken, the stock of which was estimated at L18,810 in
money, and L12,446 in goods, the fleet consisting of eight vessels.
In
1614, the stock for the eleventh voyage was L13,942 in money, and
L23,000 in goods, the fleet being eight ships. In 1615, the stock for
the twelfth voyage was L26,660 in money, and L26,065 in goods, with
six ships. In 1616, the stock for the thirteenth voyage was L52,087
in money, and L16,506 in goods, the fleet containing seven ships. The
purchase, repair, and equipment of vessels during these four voyages
amounted to L272,544, which, with the specified stock and cargoes,
accounts for the disbursement of the L429,000, the sum subscribed on the
joint stock in 1613.[122]
[Footnote 122: The enumerated particulars amount to L462,060, and exceed
the subscribed joint stock by L33,060. - E.]
"The profits on this joint stock are stated to have amounted, on the
first two voyages, to L120 per cent. on the original subscription; but
they were subsequently much diminished, by the difficulties which the
English trade to the East Indies began to experience, from the
opposition of the Dutch in the Spice Islands; so that, at the conclusion
of this first joint stock, in 1617, the average profits of the four
voyages did not exceed L87:10s. per.
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