JB/116/034/001

Click Here To Edit

15 Oct. 1802 +
(4

In proposing what presents itself to him in the character
of a remedy, the worthy Magistrate does not consider, that
the wit, such as it is, is rooted in the very nature
of the Colony, and bids defiance not only to the remedy proposed, but to to that as well as every
other. one [For Many articles which the article Colony does not
produce, there a demand — a continual demand — exists
in the Colony; and that demand is (in the language
of Adam Smith) an effectual demand: since they have
for a certain portion of the stock value demanded what they
would wish to have, they men have that which will be
accepted of by the proprietors as an equivalent — viz.
hard money. If the country produced any thing
that would be worth pro sending to other countries —
that would be better worth sending thither than money —
so much as it produced in this shape so much would
be so disposed of, and the equivalent in money saved.
But the country does not produce afford any such internal
produce. Whatever it does produce, is consumed by the
inhabitants, affording them a part and but a part of
mere subsistence. Part of it is consum without changing
hands consumed by the very persons by whom it is produced:
the remainder changes hands, and is paid for either by the Government Governor
there in exchange for the pay hard money he receives from
England, or by the of government in
exchange for money received by them, in the shape of
pay, from the same source.

It is possible to confron keep money from going out of a
country where (bindes that the export of money is not prohibited),
men have on the one hand wanted, on the other hand money
and nothing but money, to give in exchange?

Identifier: | JB/116/034/001"JB/" can not be assigned to a declared number type with value 116.
Date_1	1802-10-15	Marginal Summary Numbering
Box	116	Main Headings	panopticon versus new south wales
Folio number	034	Info in main headings field
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e4 / f89
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	37567
Box Contents