[162- 120]

1820 June 4

Emancipation Spanish

'.5. People Sufferers

Taking that same year for the standard, or /that is/ at any rate for the object of reference, /in the account of pecuniary[?] profit and loss in those days was/ such was then the loss by those distant possessions.

Per contra, what shall we find to set against that loss - to set on the profit side, for the purpose of striking a balance? If we may believe that some intelligent, well-informed and [...?] searching and scrutinizing traveller, exactly nothing.......0

In Vol. II. p. 181. After speaking of five conjectural statements by two of which the direct revenue yielded to the mother country by the Spanish Colonies had been set down by one at 40,000,000, Reals vellon, (,400,000) by another /a third/ at 400,000,000 (,4,000,000) and by a fourth at 60,000,000 Reals vellon (,600,000) the two first stating the gross, the third the net amount, he proceeds thus. "The fact, however, is, if we may believe those who are the best informed, that the Spanish Colonies yield no direct revenue to the mother country.

So decided is he in this persuasion, that in this subject he continues and concludes as follows. "This being the case, I can not conceive upon what authority, the Abbé Raynal states the clear revenue from America at thirty-four millions five hundred thousand livres, or, in reals vellon, at one hundred thirty-eight millions clear, besides eighty-two millions three hundred thirty-seven thousand eight hundred reals paid for duties in Europe."