An Essay on the State of England: In Relation to Its Trade, Its Poor, and Its Taxes, for Carrying on the Present War Against France — John Shaqi
An Essay on the State of England: In Relation to Its Trade, Its Poor, and Its Taxes, for Carrying on the Present War Against FranceCary, John
History
An Essay on the State of England: In Relation to Its Trade, Its Poor, and Its Taxes, for Carrying on the Present War Against France
Cary, John
Great Britain -- Commercial policy; Poor -- England
As for the first; the _East-India_ Company takes off little of our
Manufactures, nor do I think the Trade will admit it, for I cannot see
how that Nation can be supplied with Manufactures hence fit for their
Wearing answerable in Price to their own, except they were a Luxurious
People who cared not what they gave to please their Fancies, which I do
not take them to be, but generally very Provident; for if we consider
that when the _East-India_ Company hath brought their Calicoes and Silks
hither with great Charges, and sold them at an extraordinary advance,
they find vent by their cheapness, how can we believe that any of our
Manufactures can afford them a profit in _India_, where they must be sold
suitable in price to the others first cost; and therefore 'twould not be
amiss if the Government were put on making a narrow Inquiry whither the
Company do _boná fide_ export so much of the Product and Manufactures of
rhis Kingdom and land them in _India_ as they are obliged to do by their
Charter, elfe many ways may be found out to evade it, and the Nation be
deprived of the only Advantage expected from that Monopoly.
The _Dutch_ and we deal not thither on the same Terms, their Manufactures
are small, and so no Matter what they Trade on, besides their Settlements
in the _East-Indies_ are so great, that what they bring thence may almost
be called their own Product, whereof by monopolizing that Trade they make
greater Prices in _Europe_, which being chiefly spent either in Foreign
Markets or by Temporary Residents brings them more Profit; They have also
great Advantages above us in their _East-India_ Trade, being possest of
the whole Traffick to _Japan_, whither they carry _Cloth_, _Lead_, and
other Commodities from _Holland_, _Calicoes_, _Spices_, &c. from _India_,
which they sell for _Gold_ and _Silver_, increasing thereby their Bullion
as we diminish ours; Besides their _East-India_ Company is not settled on
such a narrow Foundation as ours, which being limited to one City
exclusive of all others sells their Commodities for greater Advance than
any other Traders, whither we consider their Risque, or the time they are
out of their Money, which should be the standing Rules in Trade; Nor can
it be otherwise whilst they remain a Company, the Charges both abroad and
at home being much more than when manag'd by private Stocks, besides the
affected Grandeur in all which must be paid by the Nation, whereon I take
that Monopoly to be a Tax so far as it might be supply'd with them on
cheaper Terms if the Trade were laid more open by a Regulation; I know
there is much talk'd by the Company about Forts Castles and Soldiers to
defend their Interests in _India_, but I cannot see the use of them, for
either they are thereby defended against the Natives, or the _Dutch_
their Competitors; the former have no reason to quarrel with them, for
bringing them a Trade so highly their Advantage as the purchasing their
Public-domain text, read in full here on John Shaqi.
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