1820 June 4

Emancipation Spanish

'. 5. People sufferers

In the following conjectural account, extracted from it in the anatomy /anatomical proof/ /dissection/ performed upon the body of Spanish finance for the purpose of the present enquiry, I begin with deflecting off and putting aside that part of the aggregate expenditure which as far as I can judge from the indication given of the nature of the items would contain has not for its cause the possession of or the claim to the Spanish American provinces or any of them; and which would accordingly still have place, even supposing a /the her proposed separation/ to have had /taken/ place in every instance.

The original as it stands, is reprinted at the bottom of this page.

This done, I enter upon and display to view that part /these several items/ which as far as I can judge from these same indications appertains in common to both countries. /the two hemispheres/ In so far as true, /this is true, this part of the expenditure/ it will for the purpose here in question require to be in some proportion divided between the two countries. In some proportion? but in what? To this question, I am of course unable to find any answer that can lay a claim to any thing like correctness. In this case, /finding all grounds for the supposition of greater amount on one side and lesser on the other, equality is the only proportion that can be assumed. This proportion assumed the account stands thus

1. Total of expenditure appertaining in common to Spain and Spanish America A o 1778 setting aside the particular expense appertaining to the Royal family, and thence to the

Monarchical part of the Constitution...........

Reals Vellon

Pounds Sterling

2. Take for the expenditure appertaining exclusively to Spanish America the half of the above.

3. Add as peculiar in toto to Spanish American expenditure of the Council of the Indies sitting in Spain -

4. Total having for its cause dominion over Spanish America