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Subject Area: Economics
Topic: General Treatises on Economics

APPENDIX 1 - Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations (Cannan ed.), vol. 2 [1776]

Edition used:

An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith, edited with an Introduction, Notes, Marginal Summary and an Enlarged Index by Edwin Cannan (London: Methuen, 1904). Vol. 2.

Part of: An Inquiry into the Nature and Causes of the Wealth of Nations (Cannan ed.), in 2 vols.

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APPENDIX1

The two following Accounts are subjoined in order to illustrate and confirm what is said in the Fifth Chapter of the Fourth Book,2 concerning the Tonnage bounty to the White Herring Fishery. The Reader, I believe, may depend upon the accuracy of both Accounts.

An Account of Busses fitted out in Scotland for Eleven Years, with the Number of Empty Barrels carried out, and the Number of Barrels of Herrings caught, also the Bounty at a Medium on each Barrel of Seasteeks, and on each Barrel when fully packed.
Years.Number of Busses.Empty Barrels carried out.Barrels of Herrings caught.Bounty paid on the Busses.
£.s.d.
17712959482832208500
177216841316222371105576
177319042333420551251086
177424859303563651695226
1775275691445287919315150
177629476329518632129076
177724062679433131759226
177822056390409581631626
177920655194293671528700
1780181483151988513445126
13533992165939613126
Total,2186550943378347155463110
Seasteeks378347Bounty at a medium for each barrel of seasteeks,£.082¼
⅓ deducted126115⅔But a barrel of seasteeks being only reckoned two-thirds of a barrel fully packed, one-third is deducted, which brings the bounty to£.0123¾
Barrels full packed, }252231⅓
Brought over—£.0123¾
And if the herrings are exported, there is besides a premium of028
So that the bounty paid by Government in money for each barrel, is£.01411¾
But if to this, the duty of the salt usually taken credit for as expended in curing each barrel, which at a medium is of foreign, one bushel and one-fourth of a bushel, at 10 s. a bushel, be added, viz.0126
The bounty on each barrel would amount to£.175¾
If the herrings are cured with British salt, it will stand thus, viz.
Bounty as before£.01411¾
—but if to this bounty the duty on two bushels of Scots salt at 1 s. 6 d. per bushel, supposed to be the quantity at a medium used in curing each barrel is added, to wit,030
The bounty on each barrel will amount to£.01711¾
And,
When buss herrings are entered for home consumption in Scotland, and pay the shilling a barrel of duty, the bounty stands thus, to wit as before£.0123¾
From which the 1 s. a barrel is to be deducted010
0113¾
But to that there is to be added again, the duty of the foreign salt used in curing a barrel of herrings, viz.0126
So that the premium allowed for each barrel of herrings entered for home consumption is£.139¾
If the herrings are cured with British salt, it will stand as follows, viz.
Bounty on each barrel brought in by the busses as above£.0123¾
From which deduct the 1 s. a barrel paid at the time they are entered for home consumption010
£.0113¾
But if to the bounty the duty on two bushels of Scots salt at 1 s. 6 d. per bushel, supposed to be the quantity at a medium used in curing each barrel, is added, to wit,030
The premium for each barrel entered for home consumption will be£.0143¾

Though the loss of duties upon herrings exported cannot, perhaps, properly be considered as bounty; that upon herrings entered for home consumption certainly may.

An Account of the Quantity of Foreign Salt imported into Scotland, and of Scots Salt delivered Duty free from the Works there for the Fishery, from the 5th of April 1771 to the 5th of April 1782, with a Medium of both for one Year.
PERIOD.Foreign Salt imported.Scots Salt delivered from the Works.
Bushels.Bushels.
From the 5th of April 1771, to the 5th of April 1782. }936974168226
Medium for one Year851795/11152933/11

It is to be observed that the Bushel of Foreign Salt weighs 84 lb. that of British Salt 56 lb. only.

the aberdeen university press limited

By EDWIN CANNAN

LECTURES ON JUSTICE, POLICE, REVENUE AND ARMS, delivered in the University of Glasgow by Adam Smith.

THE HISTORY OF LOCAL RATES IN ENGLAND.

A HISTORY OF THE THEORIES OF PRODUCTION AND DISTRIBUTION IN ENGLISH POLITICAL ECONOMY FROM 1776 TO 1848.

ELEMENTARY POLITICAL ECONOMY.

[1 ] [See above, p. 21.]

[2 ] [In Additions and Corrections this matter is printed in the text, and consequently the reading here is ‘confirm what is said above’.]