JB/116/231/001

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4 June 1802

Colonies

Those who consider the acquisition

The negative of this axiom is necessarily though tacitly
assumed by politicians on the following occasions.

1. When they consider as a gain to the principal country
any other such country as an taxable untaxable Colony: any
country, which either yields to the principal country no income in the shape
of taxes bearing on the inhabitants of the subordinate
country, or on income which falls short of the expences,
occasional as well as brought on occasioned by
the care of its defence.

2. When they consider as a gain to the principal country
country any new branch of industry in the way of
manufacture: any portion of the land remaining as
yet uncultivated, or in a degree of cultivation short of that
the highest to which by the means of additional capital
it might be brought.

2. Whey they consider as a gain to the principal country
the opening an admission given to any part of its
produce by any other foreign country: such admission either
not having been given before, or not given but upon less
advantageous terms.

Note introductory to Bryan Edwards's Statements

A source of profit to a state country is that possession
and that only which operates upon the ballance of the account in diminution of the burthen
born in the way of taxation by the inhabitants of that country.

By affording to the capitalist of the principal country the
faculty of affording the same rate of profit per cent as is to be
had made in the another principal country, any subordinate distant possession does
not afford any profit to the principal country.

If the possession of the territory of the subordinate country be less assured than
that of the territory of the principal country, any quantity of capital
transferred to the subordinate country will be worth so much less than an
equal quantity employed in the principal country as the degree of security
in the one case is inferior
to what it is in
the other.

The accumulation of capital
faster than it can be employd
and produce produce, renders
a desirable: but an
inexpensive drain such as
is not the less preferable to
an expensive one: a foreign
country that accustoms itself
to a Colony that must be
maintained.

Identifier: | JB/116/231/001 "JB/" can not be assigned to a declared number type with value 116.
Date_1	1802-06-04	Marginal Summary Numbering
Box	116	Main Headings	panopticon versus new south wales
Folio number	231	Info in main headings field	colonies thoughts
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	f2
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections	jeremy bentham	Paper Produced in Year
Notes public		ID Number	37764
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