28 Aug. 1801

E

Polit. Economy

Method

Finance

3

90

{10}[?]

Chapter 5.

Of Finance

Section 1 General Observations

Under the head of Sponte Acta, there is nothing except by accident, there

remains therefore Agenda and Non Agenda. Finance operates in toto in diminution

of wealth - the object or end in view should be to render the diminution as

small as possible, and as pure as possible from collateral vexation and

inconvenience in every shape.

The operations of Finance are reducible to Receipt and disbursement or say

Expenditure. Receipt may be 1 without condition of return 2. on condition of

return i:e: on the footing of a loan

Disbursement is accordingly 1 Disbursement at large 2. Disbursement in discharge

of Loans All expenditure supposes /in all cases supposes/ previous receipt, and

commonly /in most cases/ necessitates future for the purpose of replacing it.

Receipt and Expenditure are either 1. of money, 2. of particular articles for

service.

All other sources or efficient causes are inconsiderable in their amount in

comparison of taxation.

Every sum expended supposes therefore a correspondent amount already raised or

to be raised by taxes.

The Practical Rule {supposed to be a new one. To judge of/ which ought to be

observed in judging/ the eligibility /expediency/ of any branch of expenditure,

compare the benefit of it with the burthen of a correspondent portion of the

produce of the most burthensome species of tax /tax/. {For by striking off so

much expenditure you may save so many much tax.}