JB/116/414/001

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23 Mar 1802 N. S. Wales 3

It is by forgetting that twenty thousand pounds worth of capital which produces
its annual profit on being sent as far off as a man can contrive to send it would produce as
also have produced its profit if it had not been sent quite so far or even if it had not
had not been — sent out of the country at all but employd
within t it, that more Colonies and especially
distant colonies as a constant source of additional wealth. + +A separate paragraph [instead
of considering them as a useful drain for population
useful only in the case above as just now the prospect
opens of that within no great distance of home will have become a population no longer capable of
finding subsistence within the limits of the land.] It is
this that Bryan Edwards of the insisting upon it
that capital employd in the West Indies does not giv yield
above of 10 per Cent consider the West Indies as a
possessions as a source of augmented wealth, which the
same capital if employd in England in hand manufacturers
would have produces 15 per Cent, to the Capitalist also or if in land, [20 per Cent], [+] [+] I Don't know how much more though divisible in the latter case will between the capitalist
and the proprietor of the land.

It is by forgetting that the same thing can not
be in two places at once the same time that men consider the
opening of new ports as an addition a chance to the sum of
trade. Catholics have arguments in favour of transubstantiation
have arguments which politicians possessbeyond what <add>any that politicians</add>
not in favour can produce, in favour of justification
of that blind and idiot rapacity which draws them
into wars for the sake of increase of Colonies trade. increase of colonies

In the error, if it be more, which for the actual
expence of freight to the account of profit said
among those sources of loss dead expence and loss called Colonies prefer those
which are farthest off and produce least, selling [+] [+]neither to the inhabitants of the Mother Country, nor to any body else the worthy
magistrate has for his fellow sharers and masters guides
not to mention they depend for the Pitts, the , the Sings, the Kings, and the
Sydneys, the the Portlands of the age: but in the world scale
of , if those were , he and they would
his place <add>station would be at the top while theirs & </add>

Identifier: | JB/116/414/001 "JB/" can not be assigned to a declared number type with value 116.
Date_1	1802-03-23	Marginal Summary Numbering	not numbered
Box	116	Main Headings	panopticon versus new south wales
Folio number	414	Info in main headings field	n. s. wales
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e3
Penner	jeremy bentham	Watermarks
Marginals	jeremy bentham	Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	37947
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