I don’t doubt but the paper-money propos’d being given out equal to the demand, would bring the yearly value of Scotland to 3 millions, tho’ the fishing and other branches of foreign trade (which might be improv’d to great advantage) were neglected. but suppose the yearly value increas’d only half a million, of which a 4th spent in a greater consumption of the product and manufacture of the country, a 4th in the greater consumption of foreign goods and expence abroad, a 4th laid up in magazines of foreign goods, a 4th would still be due of ballance and brought home in silver. If the consumption and expence increas’d equal to, or beyond the improvement; as the paper-money could not be exported, so the people would not be set idle, nor the manufacture decay: that money being like an estate intail’d. we might continue to consume equal to the yearly value, but could not lessen the yearly value, nor be poorer if we would. If a greater value of goods was imported than was exported, and credit given for the ballance; foreigners to pay themselves, would send a lesser value of goods the year after. but such restrictions may be put on the consumption of our own and foreign goods, as may make a ballance due. The revenue of the commission will be a great help toward the advancing our trade in its infancy: what encourages the export of goods, encourages the manufacture of them; and that money given as a draw-back, will not only encourage the export and manufacture; but likewise regain the reputation our goods have lost, and give them a better reputation than the goods of other nations. The draw-back ought not to be given to all goods, but to such as do not yield a reasonable profit abroad, and upon condition they are found sufficient. The seal of the office of draw-back ought to be apply’d to these goods that receive the draw-back; and these intrusted with the draw-back, should give security to pay the price of such goods, with all charges, if found insufficient. When manufacture and trade prospers, the landed man’s rent is well payed, and increases: when they decay, his rent is ill pay’d, and decreases. a draw-back is so effectual a way to encourage and promote manufacture and trade; that it were the landed men’s interest to tax themselves, rather than a draw-back should not be given, where it is necessary. A draw-back is more necessary here than in other countries, for we do not manufacture so well as other nations: we are not able to sell for the same profit, our stocks being much smaller; and the goods of other nations will be preferr’d to ours, because our goods are suspected. Some object that this proposal is new, and has not been practis’d in any nation.