Great Britain -- Social life and customs -- 18th century
‘While the Bill was still pending, we not only stated in our Newspaper,
but the Minister was himself informed by a Committee of Proprietors,
that the new Duty would be so extremely oppressive as to amount to a
necessity of raising the price, which it was not only their earnest
Wish, but also their Interest, to avoid. The Bill, however, passed,
after a long consideration and delay occasioned by the great doubts
that were entertained of its efficacy. We wish a still longer time
had been taken to consider it; for we entertain the same opinion as
formerly, that the late Duty on Paper will not be productive to the
Revenue, while it is extremely injurious to a particular class of
Individuals, whose property was very heavily taxed before.
‘In fact, it amounts either to a Prohibition of printing a Newspaper at
the present price, or obliges the Proprietors to advance it. There is
no option left; the price of Paper is now so high that the Proprietors
have no longer an interest to render their sale extensive, as far as
regards the profits of a large circulation. The more they sell at the
present price, the more they will lose; to us alone the _Advance_ on
Paper will make a difference of £1,200 sterling per Annum more than it
formerly cost us--a sum which the Public must be convinced neither can,
nor ought to be afforded by any Property of the limited nature of a
Newspaper, the profits on the sale of which are precisely as follows:
‘SALE.
2,000 Newspapers sold to the Newshawkers at 3½d., with a
further deduction of allowing them a Paper in every Quire
of 24 £26 18 6.
‘COST OF 2,000 PAPERS.
A Bundle of Paper containing 2,000 Half-sheets, or 2,000 Newspapers
at Four Guineas per Bundle, which is the price it will
be sold at under the new Duty is £4 4 0.
£4 4 0 £26 18 6
2,000 Stamps at 2d., deducting discount 16 0 0 20 4 0
-------
Profits £6 14 6
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Public-domain text, read in full here on John Shaqi.
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