In a manuscript dated 1610, entitled “Instructions for suche things as are to be sente from Virginia”, it listed “Hard Pitche, Tarre, Turpentine, and Rozen.” The monetary value of these “naval stores” had long been recognized. In 1790, a 31 ½ gallon barrel of pitch fetched 25 shillings and 8 pence ($114.18 in today’s money).