A. D. 1680. ^gy 



as taking its name from him : and a water-mill was thereupon ereded 

 on Hackney river for calling cannon of that metal, which is known at 

 this day by the name of Temple-mill. 



Another projedt was for a floating machine worked by horfes, for 

 towing great (hips againft wind and tide. 



A third was a machine for raifing ballaft, which was found inef- 

 fedual. 



A fourth was a diving machine or engine, by the help of which, and 

 good luck, Sir William Phipps brought home from the Weft-Indies 

 near L2CO,ooo fterling in pieces of eight, which he fiflied up out of the 

 fea, where part of a Spanifh plate fleet had been loft. 



We have a ftate of the Englifli Eaft-India company's trade in this 

 year, from a judicious anonymous work, entitled a Treatife wherein is 

 demonftrated that the Eafl-hidia trade is the moft national of all foreign 

 trades, &c. (London, 1681)* occafioned by the clamours flill railed 

 againft that company, in order to have the trade laid open, viz. ' laft 

 ' year' (i. e. in 1680) ' the company fent ovit for the coaft of Coro- 

 ' mandel and the bay of Bengal, four three-deck fliips, viz. one of 530 

 ' tons and 118 feamen, one of 600 tons and 120 leamen, one of 530 



* tons and 106 leamen, and one of 550 tons and iio feamen. For 

 ' Surat and the coaft of India, three Ihips more of 550, 530, and 450, 

 ' tons. For Bantam, two {hips of 600 tons each. For the South feas f 

 ' and China, two fliips of 430 and 350 tons : in all eleven fliips, in 

 ' which there was a ftock of L479,g46 : 15 : 6. And for the year 1681 

 ' they are fending out five fliips for Coaft and Bay, three for Surat and 

 ' the coaft of India, three for Bantam, and one great fhip for the South 

 ' fea and China : in all which there will be a ftock of above L6oo,ooo, 

 ' befides both which years exportations not yet returned, the company 



* has always a coniiderable ftock left in the country to make and pro- 

 ' vide goods beforehand : befides likewife the value of their illands, 

 ' towns, garrifons, houfes, buildings, ammunition, &c. And they may 



* have what money they will at 3 per cenv, which will be the worft 

 ' news of all in Holland.' This is the firft time we find mention of the 

 company fending a Ihip to China, 



The author adds, ' that the quick ftock of our Eaft-India company,' 

 by which he means their conftant exportations and importations, ' was 

 ' then more than that of the Dutch company, though the ftock of the 

 ' later fells at 450 per cent, while ours fells not above 300 per cent.' 



On the other fide, the filk weavers of London had this year unfiic- 

 cefsfully petitioned the houTe of commons againft the wear of Eaft-India. 

 filks, Bengals, &c. Mr. Polexfen, in his Ipeech, alTerted, ' that we at this 



* From tt': flile and fcope of the woik Sir Jofiih Child feems to have been the authoc;. /!■ 

 f By the South feas muft'b- uaderftood the feas about MacaiTar, Borneo, Java, S:c. J. 



