nd [wm 1800]

Ch. 2. Leading Features.

'.2. Wealth. 2. Non Agenda

5

3

to be borne by the Mother Country. The Capital employed in the cultivation of the

Colonies by the Mother Country is so much sent out of it without adequate

return. Bryan Edwards, even in magnifying the utility of Colonies, makes the

rate of profit upon capital so employed but 7 per cent: the common calculation

gives, for the profit on capital employed within the Mother Country, 15 per

cent. Whatever capital is bestowed upon this employment, is so much taken from

other more lucrative ones.(d)

II. Narrow or Particular Measures: applying to particular sources of wealth.

1. Wealth being the produce of Capital, (which is no more than labour, employed

through the intervention of money (pecuniary capital) or otherwise) and capital

being limited (for labour at least is limited) whatever is given to any one such

branch, is so much taken from the rest.(e)

2. If the encouragement be by donation of Capital - (of money to be employed in

the shape of capital) - it belongs to the first head of Non Agenda, Forced

Frugality.

3 An encouragement which is indefensible with reference to encrease of general

wealth, may be eligible with reference to Subsistence (instance expence of

Magazines for Corn):- or to National Defence:- (Instance - Measures for keeping

up an extra-supply of Ships and Mariners.)

(d) Notes. p.4.

(e) Notes p.4. }