A Source-Book of English Social HistoryJones, M. E. Monckton (Mary Evelyn Monckton)
History
A Source-Book of English Social History
Jones, M. E. Monckton (Mary Evelyn Monckton)
Great Britain -- Economic conditions; Great Britain -- Social conditions
and that the petitioners receive returns circuitously from Ireland [for
flax seed, etc., exported from North America] by bills of exchange on
the merchants of this city trading to Ireland, for the proceeds of
linens, etc., imported into these kingdoms from the West Indies; in
return for provisions, lumber and cattle, exported from North America
for the use and support of the West India Islands, by bills of exchange
on the West India merchants, for the proceeds of sugar, molasses, rum,
cotton, coffee or other produce, imported from those islands into these
kingdoms; from Italy, Spain, Portugal, France, Flanders, Germany,
Holland and the East Countries by bills of exchange or bullion in
return for wheat flour, rice, Indian corn, fish and lumber, exported
from the British colonies in North America, for the use of those
countries;
and that the petitioners have great reason to believe, from the best
informations they can obtain, that on the balance of this extensive
commerce, there is now due from the colonies in North America, to the
said city only, 2,000,000_l._ sterling and upwards; and that by the
direct commerce with the colonies, and the circuitous trade thereon
depending, some thousands of ships and vessels are employed, and many
thousands of seamen are bred and maintained, thereby increasing the
naval power and strength of Great Britain;
and that, in the year 1765, there was a great stagnation of the
commerce between Great Britain and her colonies, in consequence of an
Act for granting and applying certain stamp duties, and other duties,
in the British colonies and plantations in America, by which the
merchants trading to North America, and the artificers employed in the
various manufactures consumed in those countries, were subjected to
many hardships;
and that, in the following year, the said Act was repealed ... upon
which repeal, the trade to the British colonies immediately resumed its
former flourishing state;
and that in the year 1767, an Act passed for granting certain duties in
the British colonies and plantations in America, which imposed certain
duties, to be paid in America, on tea, glass, red and white lead,
painters’ colours, paper, pasteboard, millboard and scaleboard, when
the commerce with the colonies was again interrupted;
and that in the year 1770, such parts of the said Act as imposed duties
on glass, red and white lead, painters’ colours, paper, pasteboard,
millboard and scaleboard, were repealed, when the trade to America soon
revived, except in the article of tea, on which a duty was continued,
to be demanded on its importation into America, whereby that branch of
our commerce was nearly lost;
and that in the year 1773, an Act passed, to allow a drawback of the
duties of customs on the exportation of tea to His Majesty’s colonies
or plantations in America, and to empower the Commissioners of the
Treasury to grant licences to the East India Company, to export tea,
duty free;
Public-domain text, read in full here on John Shaqi.
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