History of merchant shipping and ancient commerce, Volume 3 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 3 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
It appeared, further, from his evidence, that Mr. Porter was for
a complete abrogation of the English Navigation Laws, without any
reservations as to reciprocity, and that, from the general conviction
that these restrictive laws were rather injurious than beneficial to
us, independently of the policy of other nations.
[Sidenote: Their extreme views not conclusive to the Committee.]
It cannot, however, be said that, in 1847, the repeal party had
succeeded in convincing the majority of even the Committee of the
soundness of their opinions. The shipowners, as a body, endeavoured to
controvert, and with considerable show of success for the time, the
theories propounded by the Free-trade party, so strenuously supported
by the officers of the Board of Trade. The cold imperturbable evidence
of Mr. (now Sir) John Shaw Lefevre, who was intimately connected with
the Free-trade party, contrasted strikingly with the impetuosity of
such men as Mr. Macgregor, and even with the testimony of Mr. Porter.
[Sidenote: Evidence adduced by the shipowners.]
The shipowners, on the other hand, put forward their most practical and
intelligent witnesses[62] to prove that the repeal of the Navigation
Laws would cause an immediate depreciation of thirty per cent. in the
value of their property, and of shipping, generally, throughout the
United Kingdom; that, if the British shipowner were deprived of his
privileges, already greatly curtailed by the system of reciprocity,
it would be decidedly to his advantage to invest his capital in
foreign ships, and to navigate them by foreign seamen: Englishmen,
they alleged, would own, in conjunction with foreigners (if possible),
foreign ships, in order to secure the privileges still attaching to
foreign flags, since British ships would still be excluded from many
foreign ports, even though the Navigation Laws were abrogated. It was
shown, as they conceived incontestably, that a ship could be built
at Dantzig at a much less cost than in England,[63] and that, if the
foreign trade were thrown open without restriction, no one would think
of building British ships; the result being, that a great number of
persons dependent on shipping—shipwrights and others—must be thrown out
of employment, with great general distress ensuing. The difficulty of
manning the Royal Navy, under such untoward circumstances (a standard
argument), was, of course, dwelt on with great force as an unmitigated
national evil. It was further urged, that the relaxation of the laws,
so far as to allow Asiatic and African produce to be admitted to Great
Britain for home consumption from ports in Europe, in all bottoms,
must deprive the British shipowner of his most valuable privilege, and
destroy the very essence of the ancient law.
[Sidenote: Ships built more cheaply abroad.]
Public-domain text, read in full here on John Shaqi.
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