The Express.
London, England, 1850-03-14 00:00:00

It thus appears from efileils/ dimmest', die mammy of
which it i impossible to doubt, that for 10 years priw of
1849, the average Woe of wheat as We spot throgious •hi
whole of Prussia was 32e. at. per quarter, and watch price
included wheat of all qualities, mueb being totally unfit lot
ezportatloa.
The neat consideration Is tbti coat of traiwpwt, fist to the
Skipping port and then to Los
doe. Mr. GiOnaa the British
Sul at Mamie, furnished detailed estimate of the ciao of
bringing wheat front the great grain districts to that port.
From As seam districts it was from Es. sd. to 4•. 2d. per
quarter, bet it istereased as the district receded from the port
to as hlgb as 9.. 2d. per quarter, but of course the price paid
la thaw 'met remote districts is proportionately lower than
In the mem diatiote. But for the average eon of most Wag
wheat kola the Pinnies provinces, let us assume it to be
only 3e. AL th. qr.. making every allowance for improved
coaveyanos, and let as sums the freight from Demob)
at the osey moderate rate of 41. the quarter, then the cost
of bringing whist from the interior of Praia. to the Ludas
market may be thus stated :

CHAIM= /MOM Tin 157111011 or PRIIIISIA, PSI stratirss.
s. Expose's to the port of Danish) 3 d.
Shipping shames sad dues there
Frsight aad primer
Sound does 0
lemmas arenas rate of, sister sad luster 1
Entry ad lighterap
Ideterege la ward
Leading 0
Lou sad damage is quantity oa voyage net covered
hy losantass 0
Coessdeolon for ado 1
Meterege portion paid by seller 0
Driivery
Duty
Interest dello' 'oyes., and credit gives 0

Total
So that, even supposing tin cargo Is sold on arrival, and
thereby avoiding the eapense of warehousing, and without
the intrnention of a femur, the cis% of brineieg wheat from
the place of growth in Prussia to London is 16a. the quarter.
Then is the lowest year or the ten quoted, the ge price
was 29a. 2d. (1844 t, to which if we add 165., it will give •
price of Me. 2d., at which Prusien wheat could be delivered
hen in that year, and it we take the avenge price of ten
pieta, the piles here would be 83s. 6d. per quarter We
have not the price it Prue(' for 1/549, as It is not yet pub-
fished, and therefore for that year we are unable to make
any ealculaeion.
But high as these prices may appear, they arc not so high
as the net prices which 'hie country hes paid for a long series
of years foe all the foreign wheat imported, irrespective of
the duty. It may fairly be assumed that the extent of the
cultivation of any article depends upon the prices obtained
in a series of years, and that the price actually paid was
unman to maintain cultivation as it has existed ; for, bad
it left more than the ordinary rate of profit, it Is fair to
assume that cultivation would have euenned till it was re-
duced to the level of profits obtained in other pursuits. No
doubt in the case of wheat, and especially under the law of
1848, some allowance must be made fur the uncertainty of
the trade, for the additional risk, and fur the period it fre-
quently remained in wank:sae. But, making a due &Ses-
ame for then drawbacks, let u now examine what was the
net price paid for foreign wheat delivered is this country,
independent of duty, under the laws of 1828 end of 1842,
embracing • period from 1828 to 184 G.
By official returns it appears that the whole of the foreign
wheat ace flour cleared for consumption tri m 1828 to 1842
was 14,789,996 quarters, of which 6,290.351 quarters paid
only Is. duty when the price was 735. a quarter, the net
price obtained by the importers being therefore 725.: of
which a further quantity of 3,126,973 quarters paid a duty
of 2a. Bd. when the price was 725., leaving the net price
to the importer, 695. 4,1., and of which • further quantity of
2,146,817 quarters paid a duty of 6s. Bd. when the price was
71e., leaving a net pries of 645. 41. For the entire quantity
of wheat and flour entered for consumption, the ge
rate of duty which was paid was as. Bd. per quarter on an
average market pries of 715., leaving • net average price re-
ceived by the importers of so lase than Ms. 4d. on the whole
quantity of 14,789,988 quarters imported under the law of
1828. No doubt a considerable deduction must be made
from this price of 6.55. 4d. for warehouse rag and the cost of
keeping ; but as the greet bulk was introduced in the years
in which it was cleared, the average charge on this head will
not be so great as at Hut sight might appear. So much for
the law of 1828.

Then for the law of 1842. according to the Revenue
and Population Returns of 1846, there were imported under
that law of foreign wheat and flour 4,617,036 quarters, of
which one half paid a duty of Bs. the quarter, which indi-
I gated a market price under that scale et 665. a quarter, and
consequently a net price to the importer of 57a. a quarter,
less the duty, and for the entire quantity of wheat and thin
catered for consumptkn the average rate of duty which was
paid was lls 4d. per quarter, which indicated a net price
received by the importer, after paying the duty, of 491. to
60s. the quarter. And it should be borne in mind that
under the law of 1812 the trade approached so near to one of
a uniform and regular character as to have caused very little
extra expense for warehouse rent beyond what is likely to be
incurred under a regular trade, when confidence shall have
been fully re-established.