open a trade of marchandize and traffike into the landes, Ilandes, Dominions, and territories of the great Turke, commonly called the Grand Signior, not before that time in the memorie of any man now liuing knowen to be commonly vsed and frequented by way of marchandize by any the marchantes or other subiects of vs or our progenitors:  And also haue by their like good meanes and industrie and great charges procured of the sayde Grand Signior in our name, amitie, safetie and freedome for trade and traffike of marchandize to be vsed and continued by our subiects within his sayd dominions, whereby we perceiue and finde that both many good actions haue beene done and performed, and hereafter are likely continually to be done and performed for the peace of Christendome:  Namely by the reliefe and discharge of many Christians which haue beene, and which hereafter may happen to be in thraldome and bondage vnder the sayde Grand Signior and his vassals or subiects.  And also good and profitable vent and vtterance of the commodities of our Realme, and sundrie other great benefites to the aduancement of our honour and dignitie Royall, the maintenance of our Nauie, the encrease of our customes, and the reuenues of our Crowne, and generally the great wealth of our whole Realme.

And whereas we are enformed of the sayd Edward Osborne knight, William Hareborne and Richard Staper, that George Barne, Richard Martine, Iohn Harte knights, and other marchants of our sayd Citie of London haue by the space of eight or nine yeeres past ioyned themselues in companie, trade and traffike with them the sayd Edward Osborne knight, William Hareborne and Richard Staper, into the sayde dominions of the sayd great Turke, to the furtherance thereof and the good of the Realme.

And whereas further it is made knowen vnto vs, that within fewe yeeres how past our louing and good subjects, Thomas Cordall, Edward Holmeden, William Garraway and Paul Banning, and sundry other merchants of our said Citie of London, haue likewise at their great costes and charges, builded and furnished diuerse good and seruiceable shippes and therewith to their like costs and charges haue traded and frequented, and from time to time doe trade and frequent and traffike by sea with the commodities of our Realme to Venice, Zante, Candie, and Zephalonia, and other the dominions of the Segniorie and State of Venice, and thereby haue made and mainteyned, and doe make and continually maintains diuers good shippes with mariners skilfull and fitte and necessarie for our seruice:  and doe vent out of our Realme into those partes diuerse commodities of our Realme, and returne hither into our sayde Realme many good and necessarie commodities for the common wealth thereof:  All which traffike, as well inward as outward vntill it hath beene otherwise brought to passe by the sayde endeuours, costs, and charges of our sayde subiects, was in effect by our subiectes wholy discontinued.