31st Octr 180[...?]

Polit Econ. Method & Leading Features

Ch.1. Method

5

61

IV. Encreasing Land.

not diminished by it, but increased. {In the British Empire at least it is a

principle - that all expences in establishments, civil, military, naval - and

occasional wars, are 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 employ'd within the Mother

Country, 15 per cent. Whatever capital is bestowed upon this employment is so

much taken from other more lucrative ones.

Note

Encrease of Money.

Income-Tax, the effect of it.

b Note The following is an Indication of the Indirect Income Tax, resulting from

Increase of Money.-

In Britain, Money is about 72,000,000; income (Ao 1801) about ,216,000,000

[72:216::1:3] Each million added to money, adds therefore three million for ever

to pecuniary Income; and thus (setting aside the 15 per cent for ever (,150,000)

for profit on the million if employed in the shape of capital) without addition

to real income - if, in every year, ,2,000,000 be added to money, (plus ,300,000

for an equivalent to the addition made as above to real wealth) in 36 Years (Ao

1837) the nominal or pecuniary amount of a mass