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