Item ; the aforesaid ships will be at liberty to sell and dispose, within the before described limits of the charter, the goods,wares and merchandise they take with them, and in return to buy, obtain and take in others such as Timber, Salt, Tobacco, Cotton, Hides etc., the produce of those parts, either on their own account, or as freight or on commission, and bring them over here in their ships. 9.

Further, the skippers, or in their stead the owners and freighters, shall be bound, at the time of the return of the ships, before they break bulk, to address the Directors at the Chamber or place from which they sailed, and by manifest under their signature must correctly return

HOLLAND DOCUMENTS : III. 225 the quantity or quality of the prizes or goods, wares and merchandises which they will have taken, traded, or received on charter during the voyage, and then with the consent of said Directors discharge the aforesaid goods and bring them into the Company's stores to be inspected, computed and weighed, and shall not be at liberty to remove them thence before the duties and other the Company's dues shall be satisfied in kind or money, at the choice of the Company, on pain, if failing herein, to be treated according to the tenor of the first article.

10,

From all prizes they will have captured from the enemy. South or North of the Tropic of Cancer, either in their voyage out or home, which shall be declared good prizes by the Court of Admiralty, and that as well in ships, cannon, as in goods, without any exception, they shall pay, as a recognition, to the Company, in addition to his Highness' right, twenty per cent, besides all rights to which the same shall be bound and rated as Company's prizes, and that from the nett proceeds to be realized by sale, without deducting any expenses of equipment or otherwise ; and the sale of the captured property, munitions of war, with their appurtenances, as well as of the cargo, must be effected at the privateer's expense.