The Political History of England - Vol XI: From Addington's Administration to the close of William IV.'s Reign (1801-1837)Brodrick, George C. (George Charles)
History
The Political History of England - Vol XI: From Addington's Administration to the close of William IV.'s Reign (1801-1837)
Brodrick, George C. (George Charles)
Great Britain -- History -- 1800-1837; Great Britain -- Politics and government -- 1800-1837
Though Huskisson was only made president of the board of trade, in
January, 1823, and not chancellor of the exchequer, it is certain that
his mind controlled that of Robinson, who succeeded Vansittart in that
position. Vansittart, who was created Lord Bexley, succeeded
Bragge-Bathurst as chancellor of the duchy. The cabinet changes were
completed in October by the removal of Wellesley Pole, now Lord
Maryborough, from the office of master of the mint. Huskisson, if any
man, was the leading pioneer of free trade, and there can be little
doubt that, had he not died prematurely, its adoption would have been
hastened by ten or fifteen years. In his first year of office he
welcomed petitions for the repeal of the import duties on foreign wool,
but failed to convince the wool manufacturers that it must be
accompanied by the abolition of export duties on British wool. The
proposed reform was, therefore, dropped, and a like fate befell his
attempt in the same year to benefit the silk trade by abolishing certain
vexatious restrictions upon it, including the practice of fixing the
wages of Spitalfields weavers by an order of the magistrates. For the
moment the ignorant outcry of the journeymen themselves prevailed over
their real interests, but in the following year, 1824, Huskisson carried
a much wider measure, providing that foreign silks, hitherto excluded,
should be admitted subject to a duty of 30 per cent. in and after 1826,
and another measure for the joint relief of wool growers and wool
manufacturers which imposed a small duty of equal amount on the
importation and the exportation of wool.
His great achievement in 1823 was the reform of the navigation laws.
These acts, dating from the commonwealth and the restoration, gave
British shipowners a qualified monopoly of the carrying trade, since
they prohibited the importation of European goods except in British
ships or ships of the producing country, while the importation of goods
from other quarters of the world was confined to British ships only.
America had protested against this exclusive system, and it was
abandoned, as regards the United States, by the treaty of Ghent in 1814.
The mercantile states of Europe soon followed the example of America,
and the reciprocity of duties bill, introduced by Huskisson on June 6,
1823, conceded equal rights to all countries reciprocating the
concession, only retaining the exclusion against such countries as might
reject equality of trade. The change involved some hardship to
shipowners who had built their vessels with timber bought at prices
raised by heavy duties, but they were too shortsighted to accept the
compromise offered by Huskisson. Before long, however, the act was
justified, and the shipowners compensated by a rapid increase in British
shipping.
[Pageheading: _AGRICULTURAL DISCONTENT._]
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