Average of the five years ending 1807 --last of the slave trade, £3,852,624 Average of the five years ending 1815 --date of the Registry Act, 3,588,903 Average of the five years ending 1823 --date of Canning's Resolution, 3,192,637 Average of the five years ending 1833 --last five of slavery, 2,791,478 Average of the five years ending 1843 --first five of freedom, 1,213,284 "The House of Assembly, from whose memorial to the government (June 1847) we borrow these facts, makes the following remarks on this instructive table:-- "'Up to 1807 the exports of Jamaica progressively rose as cultivation was extended. From that date they have been gradually sinking; but we more especially entreat attention to the evidence here adduced of the effects of emancipation, which, in ten years, reduced the annual value of the three principal staples from £2,791,478 to £1,213,284, being in the proportion of seven to sixteen, or equal, at five per cent., to an investment of about thirty-two millions of property annihilated. We believe the history of the world would be in vain searched for any parallel case of oppression perpetrated by a civilised government upon any section of its own subjects.'" [5] EXPORTS TO BRITISH WEST INDIA COLONIES:-- 1827, £3,583,222 1828, 3,289,704 1829, 3,612,085 1840, 3,574,970 1841, 2,504,004 1842, 2,591,425 --PORTER'S _Parl. Tables_, xii, 114. [6] Buxton _on the Slave Trade_, 172. [7] For a few days during the panic consequent on the Mutiny at the Nore, the 3 per cents were at 45, but they soon rose and ranged from 55 to 58. The interest of money never exceeded 5 _per cent._, and indeed it could not, as the usury laws were then in operation. The issue of one pound notes in sufficient numbers by the Bank of England, after February 1797, soon relieved the distress, extinguished the panic, and brought us triumphantly through the war. The following are the rates of interest and amount of bullion in the Bank of England for thirty years past, which shows how little low interest has to do with the plentiful stores of the precious metals:-- Bullion. Rate of Discount. 1815.--28th February £2,037,000 Five per cent. 1816.--29th February 4,641,000 Five per cent. 1820.--29th February 4,911,000 Five per cent. 1826.--28th February 2,460,000 Five per cent. 1832.--29th February 5,293,000 Four per cent. 1837.--28th February 4,077,000 Five per cent. 1839.-- October 2,522,000 Six per cent. 1840.--25th February 4,311,000 Five per cent. 1847.--13th November 9,258,520 Eight per cent. _min._