The Old East Indiamen

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But the time arrived when the Company began to be pinched and squeezed by the power that hitherto had given only assistance, Covetousness was at the bottom of it all, but the actual opportunity had arisen over the capture of Ormuz, from which, it had been reported, a large amount of spoil had been taken. It was easy enough to invent some excuse, and this came in the year 1624 when the Company, understanding that the Portuguese were preparing a fleet against them in Indian waters, began to get r...eady a squadron of seven ships to leave England. When these ships were ready to sail, the Lord High Admiral of England, who hap- pened to be the Duke of Buckingham, obtained from Parliament an order to lay an embargo on these ships, lying at Tilbury. A claim was made for a portion of the spoil supposed to have been taken at Ormuz and elsewhere. And in spite of protests the sum of ;^ 10,000 had to be paid before the ships were re- leased. About this time, also, the Company were attacked in Parliament on three grounds : (i) For exporting the treasure of the kingdom, it being alleged that ;^ 80,000 had been sent out yearly in money : (2) For destroying the invaluable timber of the country by building exceedingly great ships, the timber being wanted for the navy : (3) For causing the supply of mariners to become injured by these voyages.

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