EARLY HISTORY OF WHALING 103 



King James his New-land, and of this particular 

 place, which I name Trinitie Harbour) taken on the 

 behalfe of the Company of Merchants called the 

 Merchants of New Trades and Discoveries, for the 

 use of our Sovereigne Lord James, by the grace of 

 God, King of Great Brittaine France and Ireland, 

 whose Royall Armes are here set up, to the end 

 that all people who shall here arrive may take notice 

 of his Majesties right and title to this countrie, and 

 to every part thereof. God save King James." 

 Later they went ashore on Red Beach, where they 

 found no commodities as they expected to have 

 done, " for here had the Hulmen been in 1612 as 

 we might know by fires that they had made, and 

 gathered the fruites that many yeares before had 

 brought forth. Thus as we could not find that 

 which wee desired to see, so did we behold that 

 which we wished had not been there to be scene, 

 which was great abundance of ice." At a subse- 

 quent visit to the same spot they set up a cross and 

 nailed a sixpence thereon with the King's Arms. 



The English ships returned half laden, while the 

 Dutch also made a poor fishing. The Muscovy 

 Company, being deprived of the assistance of 

 royalties from foreigners licensed to take part in the 

 fishing, had to reduce their dividend from thirty per 

 cent in 1613 to eleven per cent in 1614. 



In 1615 the Muscovy Company sent out two large 

 ships and two pinasses under the cofnmand of 

 Benjamin Joseph and Thomas Edge. On one of 

 the pinasses, the Richard, twenty tons, of London 



