On examining the nature of this profitable work, the master clockmakers perceived that one part of the bobbin net machines, that which held the bobbins, could easily be made in their own workshops. They therefore contracted with the machine-makers, who had already more work ordered than they could execute, to supply the bobbin carriers, at a price which enabled them, on their return home, to give such increased wages as were sufficient to retain their own workmen, as well as yield themselves a good profit. Thus an additional facility was afforded for the construction of these bobbin net machines: and the conclusion was not difficult to be foreseen. The immense supply of bobbin net thus poured into the market, speedily reduced its price; this reduction in price, rendered the machines by which the net was made, less valuable; some few of the earliest producers, for a short time, carried on a profitable trade; but multitudes were disappointed, and many ruined. The low price at which the fabric sold, together with its lightness and beauty, combined to extend the sale; and ultimately, new improvements in the machines, rendered the older ones still less valuable. 427. The bobbin net trade is, at present, both extensive and increasing; and, as it may, probably, claim a larger portion of public attention at some future time, it will be interesting to describe briefly its actual state. A lace frame on the most improved principle, at the present day, manufacturing a piece of net two yards wide, when worked night and day, will produce six hundred and twenty racks per week. A rack is two hundred and forty holes; and as in the machine to which we refer, three racks are equal in length to one yard, it will produce 21,493 square yards of bobbin net annually. Three men keep this machine constantly working; and, they were paid (by piece-work) about 25s. each per week, in 1830. Two boys, working only in the day-time, can prepare the bobbins for this machine, and are paid from 2s. to 4s. per week, according to their skill. Forty-six square yards of this net weigh two pounds three ounces; so that each square yard weighs a little more than three-quarters of an ounce. 428. For a condensed and general view of the present state of this trade, we shall avail ourselves of a statement by Mr William Felkin, of Nottingham, dated September, 1831, and entitled Facts and Calculations illustrative of the Present State of the Bobbin Net Trade. It appears to have been collected with care, and contains, in a single sheet of paper, a body of facts of the greatest importance. * 429. The total capital employed in the factories, for preparing the cotton, in those for weaving the bobbin net, and in various processes to which it is subject, is estimated at above L2,000,000, and the number of persons who receive wages, at above two hundred thousand. Comparison of the value of the raw material imported, with the value of the goods manufactured therefrom