An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom: Whereunto is Added, an Essay Towards Paying Off the Publick DebtsCary, John
History
An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom: Whereunto is Added, an Essay Towards Paying Off the Publick Debts
Cary, John
Great Britain -- Commercial policy; Great Britain -- Economic conditions -- 18th century; Poor -- Great Britain
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, Wooll, 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 Woollen, 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_.
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