No foreign commodity that comes into England comes without payment of custom once, twice, or thrice, before it come into the realm, and so all foreign commodities become dearer to the subjects of this realm; and [colonial] customs are avoided; and the [colonial] commodities cheaply purchased, they become cheap to the subjects of England, to the common benefit of the people, and to the saving of great treasure in the realm; whereas now the realm become the poor by the purchasing of foreign commodities in so great a mass at so excessive prices.
At the first traffic with the people of those parts, the subjects of this realm for many years shall change many cheap commodities of these parts for things of high valor there not esteemed; and this to the great enriching of the realm, if common use fail not.