Wool being the chief Commodity of this Kingdom, It is thought good for this Common weal, to advance it to the highest rate that Conveniently it may be.  
FIrst by making ample way to disperse it into the hands of all sorts of manifactors within this land, that no hand may be idle for want of work, & that every sort of wol may be put to that use for which it is most fit,  
When it is converted then to make the way for the vent of Cloth & all stuffs made of wol, as large without Confining it to so few hands, which may either, of themselves, or by others, be restrained to private ends against the public proffitt.  
It is conceived this may be done.  
First by making an act for free trade, that so every one of his Majesty's subjects being able & willing, to be a Merchant, may have free liberty to put his hand to so good a work.  
By restoring the power of the Merchants of the Staple, who have heretofore shipped cloth into those parts beyond the Seas; where they had trade for Wools, until of late they have been interrupted by such means as the Merchant's Adventurers have procured, notwithstanding that the said Merchants have an especial proviso, in their Patent, that nothing therein Contained should hinder the Merchants of the Staple from using any trade or liberty that formerly they might have done.  
This will make the Staplers more forward and confident to buy Wool, when they have power in their own hands to make the best of the Cloth:  
And if the State think it fit that all sorts of Merchants, may buy Wool as free as the Staplers, it may also be thought as fit and as good for the Common weal, that the Staplers may Ship all Woollen Comoditieses as free as other Merchants.  
By dealing with all Companies and Corporations according to that famous precedent in 12. of Henry 7. where it appeareth that the Merchant's Adventurers being then newly Incorporate, did appropriate trade to much to themselves, which made the Common weal complain of them, and the remedy is there set down (viz)  
That any of his Majesty's liege people should be free to trade with them paying only Ten Marks for their Admittance.  
This will prevent Practices, Combinations, and Limitations of Merchants in their trades. And it will cut off all private impositions taxed by any one Company: When it shall be lawful for others freely to Shipp the same Comoditieses, and not be subject to the foresaid taxes.