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
As to the West Indies, Mr. Herries gave many details in proof of
his assertion that the petition against the Navigation Laws from
the Jamaica House of Assembly but imperfectly represented the real
sentiments of either that body or of the island at large. Had its
promoters been aware that, by the abrogation of these laws, freights
from the foreign islands (whence sugar was brought to England, as
well as from the British Islands) would be materially lowered, they
never would have assented to it. To facilitate importations from Cuba
by an alteration of the Navigation Laws would only aggravate the
disadvantages from which they were at present suffering. Relying on
the authority of Mr. Huskisson, he quoted him for a definition of that
Protective principle he was willing to stand by; a principle which
would reserve our colonial, coasting, and fishing trade wholly to
ourselves, while protecting our foreign trade, so far as was consistent
with our relations and engagements with foreign countries. If the
House were agreed on the general principle of protecting our marine,
Mr. Herries argued that it might, in committee, remove those anomalies
which in some quarters were so much the object of censure and ridicule.
[Sidenote: Extent of the shipping trade.]
He reminded the House that the tonnage of the vessels belonging to this
kingdom and her colonies then amounted to 3,900,000 tons; the number of
sailors employed in our mercantile marine, to 230,000; and the capital
embarked in shipping, to little less than 40,000,000_l._; while
the trades immediately connected therewith, or subservient to the
shipping interest, employed a capital of from 16,000,000_l._ to
17,000,000_l._ In this way there was between 50,000,000_l._
and 60,000,000_l._ of property which would be immediately affected
by the proposed change. In this branch of national industry about
50,000 artisans, whose wages amounted to 5,000,000_l._ a-year,
were employed; while the cost of victualling the ships he estimated at
9,000,000_l._, and the freights the mercantile marine earned per
annum at nearly 30,000,000_l._[95]
[Sidenote: National defences endangered.]
Public-domain text, read in full here on John Shaqi.
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