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colonies would probably soon enjoy a degree of concord and unanimity, at present unknown in any part of the British empire. Both Ireland and the colonies, indeed, would be subjected to heavier taxes than any which they at present pay. In consequence, however, of a diligent and faithful application of the public revenue towards the discharge of the national debt, the greater part of those taxes might not be of long continuance, and the public revenue of Great Britain might soon be reduced to what was necessary for maintaining a moderate peace establishment.

The territorial acquisitions of the East-India company, the undoubted right of the crown, that is, of the state and people of Great Britain, might be rendered another source of revenue, more abundant, perhaps, than all those already mentioned. Those countries are represented as more fertile, more extensive, and, in proportion to their extent, much richer and more populous than Great Britain. In order to draw a great revenue from them, it would not probably be necessary to introduce any new system of taxation into countries which are already sufficiently, and more than sufficiently, taxed. It might, perhaps, be more proper to lighten than to aggravate the burden of those unfortunate countries, and to endeavour to draw a revenue from them, not by imposing new taxes, but by preventing the embezzlement and misapplication of the greater part of those which they already pay.

If it should be found impracticable for Great Britain to draw any considerable augmentation of revenue from any of the resources above mentioned; the only resource which can remain to her, is a diminution of her expence. In the mode of collecting, and

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in that of expending the public revenue, though in both there may be still room for improvement, Great Britain seems to be at least as economical as any of her neighbours. The military establishment which she maintains for her own defence in time of peace, is. more moderate than that of any European state which can pretend to rival her either in wealth or in power. None of these articles, therefore, seem to admit of any considerable reduction of expence. The expence of the peace establishment of the colonies was, before the commencement of the present disturbances, very considerable, and is an expence which may, and, if no revenue can be drawn from them, ought certainly to be saved altogether. This constant expence in time of peace, though very great, is insignificant in comparison with what the defence of the colonies has cost us in time of war. The last war, which was undertaken altogether on account of the colonies, cost Great Britain, it has already been observed, upwards of ninety millions. The Spanish war of 1739 was principally undertaken on their account; in which, and in the French war that was the consequence of it, Great Britain spent upwards of forty millions; a great part of which ought justly to be charged to the colonies. In those two wars, the colonies cost Great Britain much more than double the sum which the national debt amounted to before the commencement of the first of them. Had it not been for those wars, that debt might, and probably would by this time, have been completely paid; and had it not been for the colonies, the former of those wars might not, and the latter certainly would not, have been undertaken. It was because the colonies were supposed to be pro

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vinces of the British empire, that this expence was laid out upon them. But countries which contribute neither revenue nor military force towards the support of the empire, cannot be considered as provinces. They may, perhaps, be considered as appendages, as a sort of splendid and showy equipage of the empire. But if the empire can no longer support the expence of keeping up this equipage, it ought certainly to lay it down; and if it cannot raise its revenue in proportion to its expence, it ought, at least, to accommodate its expence to its revenue. If the colonies, notwithstanding their refusal to submit to British taxes, are still to be considered as provinces of the British empire; their defence, in some future war, may cost Great Britain as great an expence as it ever has done in any former war. The rulers of Great Britain. have, for more than a century past, amused the people with the imagination that they possessed a great empire on the west side of the Atlantic. This empire, however, has hitherto existed in imagination only. It has hitherto been, not an empire, but the project of an empire; not a gold mine, but the project of a gold mine; a project which has cost, which continues to cost, and which, if pursued in the same way as it has been hitherto, is likely to cost, immense expence, without being likely to bring any profit; for the effects of the monopoly of the colony trade, it has been shown, are, to the great body of the people, mere loss instead of profit. It is surely now time that our rulers should either realize this golden dream, in which they have been indulging themselves, perhaps, as well as the people; or, that they should awake from it themselves, and endeavour to

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awaken the people. If the project cannot be completed, it ought to be given up. If any of the provinces of the British empire cannot be made to contribute towards the support of the whole empire, it is surely time that Great Britain should free herself from the expence of defending those provinces in time of war, and of supporting any part of their civil or military establishments in time of peace; and endeavour to accommodate her future views and designs to the real mediocrity of her circumstances.

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ABSENTEE tax, the propriety of, considered, with reference
to Ireland, iii. 366.

Accounts of money, in modern Europe, all kept, and the value
of goods computed, in silver, i. 52.

Actors, public, paid for the contempt attending their profession,
i. 145.

Africa, cause assigned for the barbarous state of the interior
parts of that continent, i. 29.

African company, establishment and constitution of, iii. 135.
Receive an annual allowance from parliament for forts and gar-
risons, 137. The company not under sufficient controul, 138.
History of the Royal African company, 142. Decline of, ib.
Rise of the present company, 143.

Age, the foundation of rank and precedency in rude as well as
civilized societies, iii. 97.

Aggregate fund, in the British finances, explained, iii. 397.
Agio of the bank of Amsterdam explained, ii. 275.

Of the bank
of Hamburgh, 277. The agio at Amsterdam, how kept at
a medium rate, 286.

Agriculture, the labour of, does not admit of such subdivisions as
manufactures, i. 9. This impossibility of separation prevents
agriculture from improving equally with manufactures, ib. Na-
tural state of, in a new colony, 124. Requires more knowledge
and experience than most mechanical professions, and yet is car-
ried on without any restrictions, 174. The terms of rent, how
adjusted between landlord and tenant, 198. Is extended by
good roads and navigable canals, 202. Under what circum-
stances pasture land is more valuable than arable, 205.

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Gar-

dening not a very gainful employment, 210. Vines the most
profitable article of culture, 212. Estimates of profit from
projects, very fallacious, ib. Cattle and tillage mutually im-
prove each other, 305. Remarks on that of Scotland, 308.
Ff

VOL. III.

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