658, 659.
The queen heard very patiently this speech, in which she was flattered in phrases appropriated to the Supreme Being; and she returned an answer full of such expressions of tenderness towards her people, as ought to have appeared fulsome after the late instances of rigor which she had employed, and from which nothing but necessity had made her depart.

Thus was this critical affair happily terminated; and Elizabeth, by prudently receding, in time, from part of her prerogative, maintained her dignity, and preserved the affections of her people.
The commons granted her a supply quite unprecedented, of four subsidies and eight fifteenths; and they were so dutiful as to vote this supply before they received any satisfaction in the business of monopolies, which they justly considered as of the utmost importance to the interest and happiness of the nation.

Had they attempted to extort that concession by keeping the supply in suspense, so haughty was the queen's disposition, that this appearance of constraint and jealousy had been sufficient to have produced a denial of all their requests, and to have forced her into some acts of authority still more violent and arbitrary.
{1602.} The remaining events of this reign are neither numerous nor important.

The queen, finding that the Spaniards had involved her in so much trouble, by fomenting and assisting the Irish rebellion, resolved to give them employment at home; and she fitted out a squadron of nine ships, under Sir Richard Levison, admiral, and Sir William Monson, vice-admiral, whom she sent on an expedition to the coast of Spain.
The admiral, with part of the squadron, met the galleons loaded with treasure; but was not strong enough to attack them.

The vice-admiral also fell in with some rich ships, but they escaped for a like reason; and these two brave officers, that their expedition might not prove entirely fruitless, resolved to attack the harbor of Cerimbra, in Portugal; where, they received intelligence, a very rich carrack had taken shelter.