The hakluyt cousins argue that developing north american colonies would enable england to

The answer to this question is: free itself of economic dependency on other nations
The cousins argued by developing north american colonies, england will get a vast amount of natural resource and workers that really needed by industrialized nation. If England also improve the quality of workers in the colonies, the colonies may delivered benefir for England without having to supevise them

If he breaks the law then he had to resign from his post and so he'll lose his/her powers.