were owned jointly by Novgorod and one of the neighbouring states. Economy The economy of the Novgorodian Republic included farming and animal husbandry (e.g., the archbishops of Novgorod and others raised horses for the Novgorodian army), while hunting, beekeeping, and fishing were also widespread. In most of the regions of the republic, these different "industries" were combined with farming. Iron was mined on the coast of the Gulf of Finland. Staraya Russa and other localities were known for their saltworks. Flax and hop cultivation were also of significant importance. Countryside products, such as furs, beeswax, honey, fish, lard, flax, and hops, were sold on the market and exported to other Russian cities or abroad. The real wealth of Novgorod, however, came from the fur trade. The city was the main entrepôt for trade between Rus' and northwestern Europe as it was located at the eastern end of the Baltic trade network established by the Hanseatic League. From Novgorod's northeastern lands ("The Lands Beyond the Portages" as they were called in the chronicles), the area stretching north of Lakes Ladoga and Onega up to the White Sea and east to the Ural Mountains had so much fur that medieval travel accounts tell of furry animals raining from the sky. The Novgorodian merchants traded with Swedish, German, and Danish cities. In early years, the Novgorodians sailed the Baltic themselves (several incidents involving Novgorodian merchants in Gotland and Denmark are reported in the Novgorodian First Chronicle). Orthodox churches for Novgorodian merchants have been excavated on Gotland. Likewise, merchants from Gotland had their own St. Olaf church and trading house in Novgorod. However the Hanseatic League disputed the right of the Novgorod merchants to carry out sea trade independently and to deliver cargoes to the West-European ports by their own ships. Silver, cloth, wine and herring were imported from Western Europe. Foreign coins and silver were used as a currency before Novgorod started minting its own novgorodka coins in 1420. Society More than a half of all Novgorodian privately owned lands had been concentrated in the hands of some 30–40 noble boyar families by the 14th–15th century. These vast estates served as material resources, which secured political supremacy of the boyars. The House of Holy Wisdom (Дом святой Софии, Dom Svyatoy Sofiy) — the main ecclesiastic establishment of Novgorod — was their chief rival in terms of landownership. Its votchinas were located in the