Lumbering and fishing were two main parts of the economy. They also made masts for the royal navy. In certain conditions, they would be able to farm hemp and flax. Also, New Hampshire Colony had large amounts of turpentines. There was stone and good quality iron to mine as well. The total price would "seldom exceed £50,000 per Annum of New England money." They traded lumber and fish with the West Indies and Western Islands (19).