By the system founded on these principles, there has not only
been distributed amongst a numerous population a great increase
of employment, but its diffusion has been greater in proportion,
than its increase. It is also very remarkable, that those trades
which have been prominent in complaining of foreign competition
have neither suffered more in diminution of profits, nor increased
less in extent of business, than those which have been able to hold
foreign competition at defiance.
Besides this consolidation of the Customs' Laws which took place
in 1825, an Act was passed in the session of that year, whereby
many commercial advantages were conferred on the Colonies, beyond
those contained in Mr. Robinson's two acts of 1822; Mr. Huskisson
laying down as the fundamental principle on which his alterations
were founded--a principle deduced from past experience with respect
both to _Ireland and to our Colonies_--that "so far as the Colonies
themselves were concerned, their prosperity was cramped and impeded
by a system of exclusion and monopoly; and that whatever tended
to increase the prosperity of the Colonies could not fail, in the
long run, to advance, in an equal degree, the general interests
of the parent state." By these Acts, not only articles of first
necessity, but goods of all descriptions, with very few exceptions,
were allowed to be imported from all countries, either in British
ships, or in ships of the country of their production; and the
goods of the Colonies were allowed to be exported in any ships to
any foreign country whatever. The only part of the Colonial system
which was persevered in, was that which excludes foreign ships
from carrying goods from one British place to another; "so that by
this arrangement was preserved the foundation of our Navigation
Laws--all intercourse between the mother-country and the Colonies,
whether direct or circuitous, and all intercourse of the Colonies
with each other, being considered as a coasting trade to be
reserved entirely and absolutely for ourselves."
The admission of foreign ships, however, was not unconditional:
it was made to depend upon reciprocal or equivalent liberality
towards our trade and navigation on the part of the countries
profiting by the advantages of it; but a power was given to the
King in Council to relax the rigour of the Law, if occasion should,
in any particular cases, seem to require it. By the same act, the
privileges of warehousing were extended to the chief trading ports
of the Colonies; a measure, which was well adapted to promote the
creation of _entrepôts_ in those places, for the general barter
trade of that quarter of the globe.
Public-domain text, read in full here on John Shaqi.
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