History of Westchester County, New York, Vol. I
"And on the other wares which will be sent thence hither, shall be paid here, over and above the convoy duty granted by the State to the Company, five per cent., according to the valuation to be made here, on such penalty as aforesaid ; but an agreement must be made with the Governor and Council there, for the freight of any of the goods that are being sent from there in the Company's ships, as aforesaid ; and on all beavers, otters and other j^eltries, which will be sent from there here, shall be paid to the Governor and Council there, ten per cent., all in kind, and due receipt for the payment thereof, .shall be brought along, on pain of confiscation of all the furs which will be found not to have paid any thing for the behoof of the Company, and with that to be exempt from further duty.
" And in case said private ships, in going or coming, or in ranging along the coast from Florida to Newfoundland, happen to capture any prizes, they shall, in like manner be obliged to bring the same, or to cause the same to be brought, to the Governor and Council in New Netherland, or to the Chamber whence they respectively sailed, to be rewarded by them, and the third part thereof shall be retained for the Company, before deducting his Highness' and the State's portion, the two other third parts for themselves, in return for their incurred expenses and risk, all in pursuance of the Company's order.