The Wealth of Nations by Part 4 Chapter 7 Page 126

Cromwell, her navy was superior to that of Holland; and in that which broke out in the beginning of the reign of Charles II, it was at last equal, perhaps superior, to the united navies of France and Holland.

Its superiority, perhaps, would scarce appear greater in the present times; at least if the Dutch navy was to bear the same proportion to the Dutch commerce now which it did then. But this great naval power could not, in either of those wars, be owing to the Act of Navigation. During the first of them the plan of that act had been but just formed; and though before the breaking out of the second it had been fully enacted by legal authority, yet no part of it could have had time to produce any considerable effect, and least of all that part which established the exclusive trade to the colonies. Both the colonies and