JB/169/145/001

Click Here To Edit

objections without foundation. This however would at once be obviated,
by the Company's getting a set of Merchants to give sufficient
security for their sending out every year for 5 years such a
quantity in Tonnage and of such quality as the Company &
they should stipulate; for instance, the first year 6000. Tons
Value Pr Invoice £550,000: the second year 8000 Tons, Value
Pr Invoice £650,000; third year 10000 Tons Value £775,000:
fourth year 12000 Tons Value £900,000: fifth year 14000 Tons
Value £1,050,000; and such Merchants I should hope the Company
might find in London. If so the Amount would be found to
exceed considerably in the first place half a Billion sterling
and in the fifth year considerably above one Million sterling
in which increasingly proportion it would most probably go on
until it reached 20000 Tons value £1,500,000. If the Company
charged only £5 Pr Ton as Freight on these outward ships
they would have a new Revenue increasing in England of from
£30,000 the first year to £70,000 in the fifth year & so on.

The Wants of the Company in China are become
threefold: owing to the well-judged Tea Act on a supposition of
10 Millions of pounds of Tea. being our future annual consumption,
that article alone would cost in China £1,218,037
which is computing it at 27 at 6s/8d Pr of 133 lb on
a medium; and it would require at least 23 of the present small
ships to bring it, or about 15 ships of as large size as the Foreign
Ships for China are in general, which no doubt are far better
sized for that trade than ours. The additional quantity of Tea
necessary for waste & damage with the Raw Silk, China are
& will make the real amount of cash wanted in China every
year at least £1,300,000 Of this immense sum, not £150,000
seems ever produced from British Export of Goods; so that
£1,5000,000 must be annually supplied in specie from Britain
or its dependencies unless other means are devised for such
supply.

The exports from Britain to China should be much
increased The exports I have no doubt might exceed the Exports
to India, provided we had any settlement on the Coast of China
for a Magistrate, In such case, if not inclined to sell when the
ships reach China, the good would be put in Warehouses till
the following year, or a convenient season for sale, at present
both Europe and India ships must sell on their arrival at whatever
price a Company of Monopolizers at Canton please to
give or carry the same Goods back.
The

Identifier: | JB/169/145/001 "JB/" can not be assigned to a declared number type with value 169.
Date_1		Marginal Summary Numbering
Box	169	Main Headings
Folio number	145	Info in main headings field
Image	001	Titles
Category	collectanea	Number of Pages	2
Recto/Verso	recto	Page Numbering
Penner	lady bentham	Watermarks	[[watermarks::[britannia with shield motif]]]
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	56965
Box Contents