The English merchants supplied the nation with wines from Italy, Spain, and Portugal; with linen from Holland and Silesia; and manufactures of paper, hats, stuffs, and silks, had been set up and successfully carried on in England by the French refugees.
THE KING DISOWNS THE SCOTTISH TRADING COMPANY.
By this time a ferment had been raised in Scotland by the opposition and discouragements their new company had sustained.

They had employed agents in England, Holland, and Hamburgh, to receive subscriptions.

The adventurers in England were intimidated by the measures which had been taken in parliament against the Scottish company.

The Dutch East India company took the alarm, and exerted all their interest to prevent their countrymen from subscribing; and the king permitted his resident at Hamburgh to present a memorial against the Scottish company to the senate of that city.

The parliament of Scotland being assembled by the earl of Marchmont as king's commissioner, the company presented it with a remonstrance containing a detail of their grievances, arising from the conduct of the English house of commons, as well as from the memorial presented by the king's minister at Hamburgh, in which he actually disowned the act of parliament and letters patent which had passed in their favour, and threatened the inhabitants of that city with his majesty's resentment in case they should join the Scots in their undertaking.