The Act Against Regrators, Forestallers and Ingrossers
In 1552 Edward VI’s Parliament passed an Act to regulate trade, saying in the preamble, as so often, that previous laws had proved inadequate (5&6 Edward VI c.12)iii.
The Act excluded from the penalties it imposed the purchase and sale “in open Fair or Market” of “corn, Fish, Butter or Cheese, by any such badger, Lader, Kidder, or Carrier” as was granted a licence by three Justices of the Peace from the County in which he dwelt.
Read more about this topic: Engrossing (law)
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“I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each of these works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.”
—Ralph Waldo Emerson (1803–1882)