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
The argument, that these laws ought to be abrogated in the interests of
the consumer was met by the counter-assertion, that any difference of
freight, if such indeed existed, would make no appreciable difference
in the price of consumable articles. Even the excessively high freight
of 8_s._ per barrel from the United States, which had been paid
on an emergency, would, they held, amount to only one halfpenny per
pound on the flour, so that when freight was reduced to its usual rate,
a very slight increase of value was the consequence. The witnesses
against repeal spoke of various other articles[64] in a similar manner,
arguing that the reduction would be so small that it could never reach
the consumer.
[Sidenote: Evidence of Mr. G. F. Young,]
Of all the witnesses examined before the Committee, no one was more
opposed to the repeal than Mr. George Frederick Young, a shipbuilder
and shipowner in the port of London. He was quite as strong a partisan
in favour of leaving things as they were as Mr. Ricardo and Mr. Porter
were in favour of Free-trade. He would admit no further innovations of
any kind, contending, that, even the reciprocity system had been in the
highest degree detrimental to the interests of the British shipowners:
indeed, he asserted that if the Navigation Laws were repealed, it
would be seen that the interests of the merchants would be quite as
much compromised as those of shipowners, as it was under the operation
of these laws that importations were so largely directed into the
emporium of England. He apprehended that this repeal would substitute
certain conveniently-located foreign ports as depôts for imported
produce for the supply of England, in lieu of British ports. He
fortified this opinion by elaborate calculations, showing an enormous
difference in the warehousing charges at Amsterdam, Rotterdam, and
Hamburg, leading, as he apprehended, to this inevitable conclusion,
that a British merchant would find it more to his interest to establish
depôts at those places, than to import commodities for the supply of
his own country, to be lodged in the St. Katherine or West India Docks,
or in other similar establishments.
Public-domain text, read in full here on John Shaqi.
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