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The Wealth of NationsChapter 9. Of the Agricultural Systems, or of Those Systems of Political Economy Which Represent the Produce of Land, as Either the Sole or the Principal Source of the Revenue and Wealth of Every Country (continued)
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Chapter 9. Of the Agricultural Systems, or of Those Systems of Political Economy Which Represent the Produce of Land, as Either the Sole or the Principal Source of the Revenue and Wealth of Every Country (continued)

Appendix to Book IV

The two following accounts are subjoined, in order to illustrate and confirm what is said in the fifth chapter of the fourth book, concerning the Tonnage Bounty to the Whit-herring Fishery. The reader, I believe, may depend upon the accuracy of both accounts.

An account of Busses fitted out in Scotland for eleven Years, with the Number of empty Barrels carried out, and the Number of Barrels of Herrings caught; also the Bounty, at a Medium, on each Barrel of Sea-sticks, and on each Barrel when fully packed.

  Years   Number of  Empty Barrels  Barrels of Her-  Bounty paid on
           Busses     carried out    rings caught      the Busses
                                                          £.  s.  d.
  1771          29        5,948        2,832          2,885   0   0
  1772         168       41,316       22,237         11,055   7   6
  1773         190       42,333       42,055         12,510   8   6
  1774         240       59,303       56,365         26,932   2   6
  1775         275       69,144       52,879         19,315  15   0
  1776         294       76,329       51,863         21,290   7   6
  1777         240       62,679       43,313         17,592   2   6
  1778         220       56,390       40,958         16,316   2   6
  1779         206       55,194       29,367         15,287   0   0
  1780         181       48,315       19,885         13,445  12   6
  1781         135       33,992       16,593          9,613  15   6
      Totals 2,186      550,943      378,347       £165,463  14   0

Sea-sticks 378,347 Bounty, at a medium, for each

barrel of sea-sticks, £ 0 8 2¼

But a barrel of sea-sticks

being only reckoned two thirds

of a barrel fully packed, one

third to be deducted, which

¹/³deducted 126,115 brings the bounty to £ 0 12 3¾

Barrels fully

packed 252,231

And if the herrings are exported, there is besides a

premium of £ 0 2 8

So the bounty paid by government in money for each

barrel is £ 0 14 11¾

But if to this, the duty of the salt usually taken

credit for as expended in curing each barrel, which

at a medium, is, of foreign, one bushel and one-

fourth of a bushel, at 10s. a-bushel, be added, viz 0 12 6

the bounty on each barrel would amount to £ 1 7 5¾

If the herrings are cured with British salt, it will

stand thus, viz.

Bounty as before £ 0 14 11¾

But if to this bounty, the duty on two bushels of

Scotch salt, at 1s.6d. per bushel, supposed to be

the quantity, at a medium, used in curing each

barrel is added, viz. 0 3 0

The bounty on each barrel will amount to £ 0 17 11¾

And when buss herrings are entered for home

consumption in Scotland, and pay the shilling a

barrel of duty, the bounty stands thus, to wit,

as before £ 0 12 3¾

From which the shilling a barrel is to be deducted 0 1 0

£ 0 11 3¾

But to that there is to be added again, the duty of

the foreign salt used curing a barrel of herring viz 0 12 6

So that the premium allowed for each barrel of her-

rings entered for home consumption is £ 1 3 9¾

If the herrings are cured in British salt, it will

stand as follows viz.

Bounty on each barrel brought in by the busses, as

above £ 0 12 3¾

From which deduct 1s. a-barrel, paid at the time

they are entered for home consumption 0 1 0

£ 0 11 3¾

But if to the bounty, the the duty on two bushel

of Scotch salt, at 1s.6d. per bushel supposed to

be the quantity, at a medium, used in curing each

barrel, is added, viz 0 3 0

the premium for each barrel entered for home

consumption will be £ 1 14 3¾

Though the loss of duties upon herrings exported cannot, perhaps, properly be considered as bounty, that upon herrings entered for home consumption certainly may.

An account of the Quantity of Foreign Salt imported into Scotland, and of Scotch Salt delivered Duty-free from the Works there, for the Fishery, from the 5th. of April 1771 to the 5th. of April 1782 with the Medium of both for one Year.

Foreign Salt Scotch Salt delivered

PERIOD imported from the Works

Bushels Bushels

From 5th. April 1771 to

5th. April 1782 936,974 168,226

Medium for one year 85,159½ 15,293¼

It is to be observed, that the bushel of foreign salt weighs 48lbs., that of British weighs 56lbs. only.

Book 5. Of the Revenue of the Sovereign or Commonwealth