20 REINHOLD PAULI, 



turers of London for 8*^^ or 12'^ lesse in the pownde to wyne soo moche 

 by that exchaunge in every pownde to receyve ther money, after they 

 come home or sende into England at ther day to receyve it in London. 

 AVhich money the adventurers of London , receyvyng it at the marte of 

 the Staplers, bestowith it ther upon all straunge merchaundise and bryngith 

 it Over into England , wher before that tyme the Staplers for ther wolle 

 brought ther money into England so long, as they sold ther wolle for 

 redy money at the staple and kept a mynt ther. 



Now see another exchaunge, that the Staplers than begänne to make 

 with the adventurers in London. After such constitucion made of wolle 

 to be sold for respite, and the money therfor paid at marte was sold at 

 the staple by ther tyme of ages brought theder, the Staplers in England 

 apoyntid to receyve ther payments in such wise at marte, consideryng 

 ther shyppyng of wolle in England, thought to wyne more by the age 

 of ther wolle brought to Caleis , than to receyve ther money them seif 

 at the marte to make it over first into England and afterward therwith 

 to bye ther woll and so lose a shippyng , hadd lever lose the profite of 

 ther exchaunge beyonde see to receyve so moch money in London of the 

 adventurer, therwith to bye wolle to save a shippyng and wyn so moche 

 more money by the age of ther wolle at Caleis, and the adventurer ther- 

 for to receyve the money owyng to the Stapler at the marte. Thus by 

 theis two kyndes of exchaunges never was brought into England no money, 

 for English wolle sold at the staple, after wolle was sold for respite in 

 Flaunders, and by the exchaunge betwen the stapler and merchaunt ad- 

 venturer in London is double losse to the kyng and bis lordes and the 

 hoU reame. For so doth the adventurer delyver bis stokk of money to 

 the Stapler, which elles he shuld bestow upon clothes, that is the kynges 

 comodites, therfor to pay the kynges costome by carieng it owt of the 

 reame, wherof the kyng losith bis costome. And that adventurer so doyng 

 make bis exchaunge goth over see with an empty bände, and receyvith 

 the Staplers money beyonde see and ther bestowith it upon straunge mer- 

 chaundise and bryngith it into the reame, which elles by the Stapler 

 ought to be brought into the reame in redy money. In this wise begane 



