Thanks his father for the £100. He will trade with this privately, 'hugger mugger', for he is ashamed to put it into his master's hands because it is so small a sum. Complains that their trade is so poor that it is not worth following. His master's judgement in buying, too, is poor. Asks for a piece of Welsh (white) cloth to be sent out with a view to selling it here. Account of trade conditions generally and of the war in the Palatinate. Bands of starving soldiers infest the country, ill-fed and ill-paid, whilst the Emperor's troops are in good order and condition. The princes of this nether part often consult together but have done nothing of note. Indeed, their first business is to get drunk. In this Germany carries the 'bills', because from highest to lowest it is considered the usual thing for men at feasts to become 'cup-shotten.' The lower part of the country is more given to it than the higher. The language of north and south differs somewhat. High Germans are more inventive and no nation can come near them in mechanical arts. There was one who made a cup out of a small peppercorn and within it stowed 500 cups of his own making. The cities of Nuremburg, Strassburg and Augsburg have become great through mechanical trades, such as clocks and toys, and can produce ironwork goods in far shorter time than in England. They do it all by mills and the hammer, whereas we do it by hammer alone. In husbandry, however, they do not approach the English, who rack their rents so that the poor tenant must strive all he can to pay. The German holds a great deal of land for little or no rent, but his landlord has such power that he can take away all his lands and his life too, if so he pleases. The writer would recommend the use of mills to saw timber in England, were it not that it would hinder the employment of poor men.