A Discourse on Trade, and Other Matters Relative to itCary, John
History
A Discourse on Trade, and Other Matters Relative to it
Cary, John
Great Britain -- Commerce -- Early works to 1800; Great Britain -- Commercial policy -- Early works to 1800
Nor can I see how any ill Consequences will attend the bringing the Money
to _Par_ in both Kingdoms, I know it had none when the Crown-piece was
some Years since reduced from six Shillings to pass at five Shillings and
five Pence, and all other Money in Proportion; it neither caused an
Alteration in the Rents to the Landlords, nor in the Price of the Product
to the Tenants; and I cannot see why the falling it to five Shillings (as
it passes here) should carry with it any ill Effect; the Lands of
_Ireland_ would thereby be more worth to the Proprietors, who would then
be more willing, and better able, to spend their Money here, when they
were freed from such high Exchanges; besides the Advantage to the King in
his Revenue.
The Commodities we have thence are, Wool, Hides, Tallow, and Skins, all
useful in our Manufactures; as also some Herrings, which we export again;
and we ship from thence for other Markets, Beef, Pork, Salmon and Butter;
we likewise supply them with Tobacco, Sugar, and other Plantation Goods;
also with fine Broad-Cloth, Silk Manufactures, and several other things
made here; and with sundry of our Products, as Lead, Tin, Coal, &c. of
which last, so great Quantities are carried thither yearly, that it will
scarce be credited, how much they say there it amounts unto; besides
Muslins, Callicoes, China-Ware, Tea, Coffee, and other _East-India_
Goods: They have indeed, discouraged the Importation of Callicoes, by
loading them with a great Duty, but I wonder they do not totally prohibit
them, for that single Commodity doth more Injury to their Manufactures,
both of Linnen and Wollen, than all the Things they import besides.
I should be very glad to see the Linnen Manufacture there brought to a
good Perfection; and I am sure if the Government were at some Charge in
doing it, ’twould not be ill laid out.
[Sidenote: Canaries.]
I shall proceed next to the Trade we drive to the _Canary-Islands_, which
brings us nothing but what we consume, and I believe takes from us little
of our Product or Manufactures; but since we must drink Wines, ’tis
better to have them from the _Spaniard_ than the _French_; the first
takes off much of our Manufactures, the other little; and I am apt to
think, those Wines are paid for out of what we ship to _Spain_.
[Sidenote: Spain.]
This brings me to the _Spanish_ Trade, which I take to be very profitable
to this Kingdom, as it vends much of our Product and Manufactures, and
supplies us with many Things necessary to be used in making the Latter,
and furnishes us with great Quantities of Bullion; I shall divide it into
three Parts, _Spain_, _Biscay_, and _Flanders_.
Public-domain text, read in full here on John Shaqi.
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