Free access and unrestricted trade are considered suitable means to that end, although our people will not easily settle there on account of the insalubrity of the climate, and because the best and most productive spots are already sufficiently peopled and cultivated by Portuguese; so that nothing more remains than to take the sugars and other produce of these people and to supply them, in return, with all sorts of goods and necessaries, which do not yearly exceed one hundred thousand guilders. We should, therefore, be of opinion, that the trade may be properly carried on by the Company, the rather as the four ships going in turns from Guinea to St. Thomas could easily make the whole of their equipment with the sugar freights ; yet, in order not to constrain the inhabitants of said Island to give their sugars exclusively to the Company, and to take goods in return in payment, they could be allowed to consign the sugars, cottons, ginger, &c., to private merchants in this country, and to order goods from them in exchange upon Brazilian duties and freights but that must be ;

done exclusively in the Company's vessels for reasons before mentioned. Much question obtains just now as to whether the Angola trade ought to be reserved to the Company or thrown open to individuals. This is, in our opinion, as yet, premature, and cannot be absolutely decided at present, partly because it is not yet known, with certainty, what is the condition of things there at this moment, and whether the inland trade through the Portuguese is not altogether closed to private persons as well as to the Company. Secondly because Brazil is not yet recovered and reduced to order; according to the condition of which this entire trade must be mainly arranged.