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Henry’s Charter was as follows:—

“That of all Time, of which the Memory of Man is not to the contrary, for the Commonweal of the Realm and City aforesaid, it hath been used, and by Authority of Parliament approved and confirmed, that no Stranger from the Liberty of the City may buy or sell, from any Stranger from the Liberties of the same City, any Merchandize or Wares within the Liberties of the same City, upon Forfeiture of the same.”

A curious story of this reign relates how the King, to use a homely proverb, cut off his nose to spite his face. For the conduct of Margaret, Duchess of Burgundy, in acknowledging the Pretender, so incensed him against the Flemings that he banished them all. No doubt he inflicted hardship upon the Flemings, but he also—which he had not intended—deprived the Merchant Adventurers of London of their principal trade. The Hanseatic Merchants, perceiving the possible advantage to themselves, imported vast quantities of Flemish produce. Then the ’prentices rose and broke into the Gildhalla Teutonicorum—the Steelyard—pillaging the rooms and warehouses. There was a free fight in Thames Street, and after a time the rioters were dispersed. Some were taken prisoners and a few hanged. As nothing more is said about the Flemings, one supposes that they all came back again.