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If it's admitted that costs may be diminished, and services for export elevated, by a contraction of our circulating medium; it have to be admitted, underneath this proviso, that there shall not be any counteracting circumstances,-and are there none of this description? If the Committees of Parliament have directed their inquiries to the factors I have above suggested, and now not impute, with out proof, the state of the worth of gold or the reason for alternate to excess of forex, we shall hope that the true fact will at size be admitted and pretty acted upon. It's trusted nevertheless that the present Committees will not adhere to a line so culpable, but emancipating themselves from the trammels of prejudice, will enter into every view of the question, and face every issue which may present itself. Let us advert additionally to the annual quantity of revenue which the current inhabitants annually expends. 3,000,000, in order that our present annual earnings needs to be, upon these knowledge, 264,840,000 l. We feel confident nevertheless, that our satisfaction upon this point will not be lengthy delayed, once we contemplate the skills and impartiality of those who are employed in the present investigation.

Great Britain computed in a population of 10,242,000, was 102,420,000 l., but as costs had been doubled in 1810, the revenue should have nominally doubled also; and the annual earnings of Great Britain in 1810 as well as at present (as the prices haven't since elevated) must be 204,840,000 l.; to which have to be added, an income at 20 l. Supposing the revenue of Great Britain was equal in 1790 to 10 l. Few are ignorant of the legislation respecting equal and opposite forces acting upon each other in opposite directions, and i trust they are going to apply it upon this occasion. And as our taxes and foreign money are equal in amount to one another, and naturally their proportion to our earnings respectively the same; and as their tendencies are diametrically opposite, and counteractive to each other, it essentially follows, that whatever effect is produced by a change in a single, that change will work a contrary effect in the opposite. It's an understood truth, that a very massive proportion of the Sovereigns which have been issued from the Mint right here in 1815, passed into France, and were coined into Louis' on the Paris Mint; a fact so notorious, as to have referred to as for a Legislative Act to fulfill the evil.

They then ship in giant portions of Notes to the Bank, and receive bullion for them at 3l. 17s. 10½d. they usually then oblige the Bank to re-purchase the same bullion at 4l. an ounce. I see however, that Mr. Ricardo and others, are forming schemes for enabling, or for obliging the Bank to pay their Notes in bullion as an alternative of coin, at mint worth, whatever be the market worth; as if there were any difference in reality and reality between paying in coin and in bullion, which is weight for weight of the identical value as coin. Now, it's submitted, whether this circumstance alone will not naturally account for the value of Bullion being larger here than on the Continent, even when exchanges and remittances are balanced.-Will it not additionally account for the worth of all different articles being dearer? Is not going to this circumstance to a considerable diploma, counteract even favourable exchanges? That kind of artistry and care is clearly in evidence, even in small particulars. The RFID chips are tiny black specks in the small loop of every antenna. But from our immense exertions through the battle, our taxes have been raised to such a peak, that, excluding our Poors' Rates, we are taxed greater than in the proportion of four to at least one.-The population of France is estimated at close to 28 tens of millions, and the quantity of its taxes is almost the same.-The inhabitants of Great Britain is about 13 tens of millions, and the taxation above 50 millions, bills of collection included, which makes a proportion of 4 l.

Now it will be allowed, without dispute, that in the precise proportion as the quantity of our forex is diminished, the load of our taxes will probably be increased. It is now then satisfactorily demonstrated, that the circulation in 1810, so removed from being excessive, was to an almost unimaginable degree less in proportion to the taxes to be paid and the income circulated, than in 1790, earlier than the battle. But I actually began with oblique change, as a result of I believed that I didn't have much time; I knew that we had been on the eve of an ideal struggle and that i wished to finish my book earlier than the struggle's outbreak. When before the warfare our net taxes amounted, to about 17,000,000 l. Allow us to advert again to the state of our taxes. I now then beg leave to return to my citation from the Bullion Report of 1810. I beg leave to substitute Increase of Taxes to Excess of Currency, as the cause of the rise of prices-and then I argue with the Report, that within the event of prices being significantly augmented in one Country by an amazing enhance of taxes, whilst no related improve has led to a similar rise of costs in a neighbouring Country, the price of gold will now not continue to bear the same relative value in the two Countries as before.