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The Wealth of Nations_ Books 4-5 - Adam Smith [338]

By Root 2058 0
been shown, are, to the great body of the people, mere loss instead of profit. It is surely now time that our rulers should either realise this golden dream, in which they have been indulging themselves, perhaps, as well as the people, or that they should awake from it themselves, and endeavour to awaken the people. If the project cannot be completed, it ought to be given up. If any of the provinces of the British empire cannot be made to contribute towards the support of the whole empire, it is surely time that Great Britain should free herself from the expense of defending those provinces in time of war, and of supporting any part of their civil or military establishments in time of peace, and endeavour to accommodate her future views and designs to the real mediocrity of her circumstances.

APPENDIX

THE two following accounts are subjoined in order to illustrate and confirm what is said in the Fifth Chapter of the Fourth Book, concerning the tonnage bounty to the White-Herring Fishery. The reader, I believe, may depend upon the accuracy of both accounts.

AN ACCOUNT OF BUSSES FITTED OUT IN SCOTLAND FOR

ELEVEN YEARS, WITH THE

NUMBER OF EMPTY BARRELS CARRIED OUT, AND THE NUMBER OF BARRELS OF

HERRINGS CAUGHT; ALSO THE BOUNTY AT A MEDIUM ON

EACH BARREL OF SEASTEEKS, AND ON EACH BARREL

WHEN FULLY PACKED

Years.

Number of Busses

Empty Barrels carried out.

Barrels of Herrings caught.

Bounty paid on the Busses.

1771

29

5948

2832

2085

0

0

1772

168

41316

22237

11055

7

6

1773

190

42333

42055

12510

8

6

1774

248

59303

56365

16952

2

6

1775

275

69144

52879

19315

15

0

1776

294

76329

51863

21290

7

6

1777

240

62679

43313

17592

2

6

1778

220

56390

40958

16316

2

6

1779

206

55194

29367

15287

0

0

1780

181

48315

19885

13445

12

6

1781

135

33992

16593

9613

12

6

TOTAL

2186

550943

378347

155463

11

0

Seasteeks . . 378,347

Bounty at a medium for each

barrel of seasteeks £0 8 2 1/4

But a barrel of seasteeks being only reckoned two-thirds of a

barrel fully packed, one-third is deducted, which brings the

bounty to £0 12 3 3/4

1/3 deducted. .126,115 2/3

_________

Barrels full packed 252,231 1/3

And if the herrings are exported there is,

besides, a premium of . . . .

0 2 8

So that the bounty paid by Government in

money for each barrel is . . . .

£0 14 11 3/4

But if to this the duty of the salt usually taken

credit for as expended in curing each barrel,

which at a medium is of foreign, one bushel

and one-fourth of a bushel, at 10s. a bushel, be

added, viz. . . . . . .

0 12 6

The bounty on each barrel would amount to

£1 7 5 3/4

If the herrings are cured with British salt, it will stand thus, viz

Bounty as before . . . . .

£0 14 11 3/4

But if to this bounty the duty on two bushels

of Scots salt at 1s. 6d. per bushel, supposed to

be the quantity at a medium used in curing

each barrel is added, to wit. . . .

0 3 0

The bounty on each barrel will amount to

£0 17 11 3/4

And,

When buss herrings are entered for home consumption in

Scotland, and pay the shilling a barrel of duty, the bounty stands

thus, to wit as before . . . .

£0 12 3 3/4

From which the 1s. a barrel is to be deducted

0 1 0

£0 11 3 3/4

But to that there is to be added again the

duty of the foreign salt used in curing a barrel

of herrings, viz. . . . . . .

£0 12 6

So that the premium allowed for each barrel

of herrings entered for home consumption

is . . . . . . . .

£1 3 9 3/4

If the herrings are cured with British salt, it will stand as follows, viz.

Bounty on each barrel brought in by the

busses as above . . . . .

£0 12 3 3/4

From which deduct the 1s. a barrel paid

at the time they are entered for home

consumption . . . . . . .

0 1 0

£0 11 3 3/4

But if to the bounty the duty on two bushels

of Scots salt at 1s. 6d. per bushel, supposed to

be the quantity at a medium used in curing

each barrel, is added, to wit. . . .

0 3 0

The premium for each barrel

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