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Front Page arrow Titles (by Subject) arrow IRISH BUTTER TRADE 20 June 1822 - The Works and Correspondence of David Ricardo, Vol. 5 Speeches and Evidence

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IRISH BUTTER TRADE 20 June 1822 - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 5 Speeches and Evidence [1819]

Edition used:

The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 5 Speeches and Evidence 1815-1823.

Part of: The Works and Correspondence of David Ricardo, 11 vols (Sraffa ed.)

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IRISH BUTTER TRADE
20 June 1822

Sir N. Colthurst moved ‘that an additional duty of 10s. per cwt. be imposed on foreign butter imported into this country.’ Mr. Robinson opposed the motion.

Mr. Ricardo said, the Irish gentlemen complained of want of protection, but what their rule of protection was he could not imagine. In this instance they had a protecting duty of 25s. per cwt.; but he supposed they would not be satisfied unless they had a complete monopoly of the trade. In his opinion, the proposition ought to have been the other way. Parliament ought to be called on to get rid of this protecting duty by degrees1 , by which means the trade would be rendered really beneficial to the country. The House was assailed on all sides for protecting duties. One day they were assailed by the butter trade, then by the dealers in tallow, then the West India planters complained, and the shipping interest also demanded legislative interference. But what did Adam Smith, that great and celebrated writer, say on this subject? His words were—“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident, that it would be absurd to attempt to prove it. But in the mercantile system, the interest of the consumer is almost constantly sacrificed to that of the producer; as if production and not consumption were the end of all industry and commerce.”2 No man could doubt the truth of this proposition. With respect to the application now made to the House, it was founded on a petition from the city of Dublin, which falsely stated, that the trade in butter had fallen off considerably. So far from that being the fact, it was, with the exception of one or two years, one of the greatest years of exportation that had ever occurred.

The motion was negatived.

[1 ]Misprinted ‘decrees’ in Hansard.

[2 ]Wealth of Nations, Bk. iv, ch. viii; Cannan’s ed., vol. ii, p. 159. Inaccurately quoted in Hansard; it is here corrected.