2 Aug. 1802 16 N.S. Wales 2

In point of wealth then, whatever portion of the capital

employ'd in the Colony is taken out without an immediate

of the mass that otherwise would have been

employ'd within the Mother Country, without

return

and being so taken is fixed in the Colony,, is so much lost

to the Mother Country. But if, notwithstanding this loss, the contribution

paid in and by the Colony out of the annual profits of

this capital towards the expences of government in the Mother Country

is as great as would have been paid out of such

annual profits,

had the capital remained and been employ'd within the

Mother Country — and no expence is

bestowed upon the Colony by government,

in such manner as to reduce the neat amount of such contributions,

then and for so long as such

return in the shape of annual contribution

continues, the loss to the Mother Country will not be felt. If no contribution

at all be received by the Mother Country — or

to

less amount — and if any such expence be so incurred

— all such deficiencies constitute so many items in the

account of

annual loss.

Of the capital thus employ'd in the Colony

such part of the annual produce as is

consumed or otherwise put to use within the Colony operates in no

degree in augmentation of the profit, if any,

accruing from the Colony to the Mother Country, or in diminution

of the loss.

As little does any such part of that produce

as,

though imported into the Mother Country, is received no otherwise than

in payment for goods sent into the Colony in return.

Any given sum (say £100,000) drawn by any Mother Country (say

Britain) from any one of its Colonies

on such terms, no more belongs to the account of profit,

than if it were drawn on the same terms from any other Mother Country

— say France or Spain.