The National Register.
London, England, 1822-04-08 00:00:00

TnE.NATIONAL REGISTER.

opened under the emitting how, even supposing any duly
shall be imposed by Parliament, under an alteration of
that law, upon all corn hereafter to be imported Irons
foreign pmts.
To ieliere the market from both these inconveniences,
it may be proper la permit the holders of such corn now
in werehoisiwe, mailer certain adequate regulations and
restrieliont, to have the same ground into dour fur the
'oppose ot exportation; and also to provide by legislative
enactment, that in future any foreign corn warehoused in
leis kingdom shall ha considered as corn coining troth
abroad, and subject to all such ditties and regulations as
are or may from lime to lime be imposed upon corn cum.
ing directly loon a !Melee] putt.
A proposition,which, was submitted to your committee,
for advancing loans to polishes on the coedit of the
appeared to be atieneted will, so meaty difficulties, and to
be so little applicable to Elie purpose of alleviating the
distresses abide are complained ot,that they do not deem
it necessary to meter into any examination of it, our to lay
it before the house.
itliich as your committee lament that so little prospect
of immeiliaie relief can be held out to the urgent distresses
which have been embiteitted 10 their anxiusts considee snots,
they think it materiel to obviate and connteract ally no-
founded alarm which may have been, either causally ur
Molests iously, circulated, that there was ever the least
iiit endues entertained by your committee of rendering the
present condition of the Digest) Nettie:rims UlO se then if
is ler the exisiing law ; and they thereto' e
with gi eat confidence, to the house, that die Act of the
of the late King, c. 23, which regulates the impoita-
time of furt•iget corn, ought to cuntitale iii force tined the
average price fur wheat shall be 80s. per tie., and other
kinds of grain in proportion.
It is impossible to tarry 'protection further than mono-
poly ; and it cannot be denied, that this monopoly the
British grower has possessed for mute than three years,
that is, ever biller Fe brutal y, lhl9, wttli the exct•puuu of
the ill-timed and unnecessary impel tidos) of somewhat
more than 700,00 a (putters of ()ate, which took place
doting the summer el Irate. It must be considered fur-
ther, that this protection, ill consequence of the increased
valise of our eisrieacs, and the piesent state of the supply
of corn combined with the prospect of hit early harvest,
may, in all probability, remain uninterrupted tor ■ very
considerable lime to come.
But fur the purpose of obviating the dangers in which
this law can hardly fail, Rooster or lacer, to involve the
entity:goes oldie soil, and ill contest wily to the reasoning
contained in the report of the cosmoittee of the last session
upon din same subject, some material cheisge must be
cositemplated : your committer, thee efore, cautiot asoul
sugge-sting, whether, under a full view of all the cite -
stances, it may not be the duty of Parliament to turn its
immediate net ention to the ruiteons consequences %hick
must hallow an unlimited importation and nee sale of the
Outplay produce of the whole agricultural world, which is
known at this time to be in a state of glut, at least equal
to that which prevails within Iles kingdom, no less impa-
tient for, and unprovidial with a minket, with a
dif y raised at h less charge than our own, which the
proprietors would be wady to sell even at a considerable
ova, rather then not dispose ot it at all.
The excessive iticonvenicuce and tinpolicy of our pre-
sent system have here so telly tt veto!, slid 50 salisrarlo •
rily exposed in the report already alluded to (p. 10 and
IV), that it is unnecessary to du more than icier to it ;
adding only, that every thing which has happened suit•
sequent to the preselowtion of that report, as well as all
our experience since 11l i, has inure mid more tended to
de 'striate how little reliance can be placed upon a
regulation which contains nu ab•olnte prohibition up to a
eel lain price, and an unlimited competition beyond that
price; which, so far from affueding steadiness to Our
inai ket, may at one time reduce priers already too low
still lower than they might have been under a tree trade,
and, at amigo r, unnecessarily enhance pi ices ale eady
so high ; which lends to aggravate the evils ot• scarcity,
and resider more severe the depression of price groan
abundances
The mode its whirls these excessive inconveniences may re-
ceive some (liijing for the present out of the
question •that perineneut basis may be ultimately the fittest
tur our corn trade) appears to (mutat in the iroposition of a
duly upon all foreigii corn, w henever upon opeiring our ports
it should be admisinUle for home rOsibUttlilloon. 'flea occupier
of the land would thus obtain, in prupoi to the amount
of such duty, a protection which is withheld from him under
the retrain.; law ; but ill relent for loch protection, it is no
inure thou reasonable leeward, the consumer, that the import
'woe should be fixed at a rate somewhat loner thou Mts.,
because the new duty would utiles wise slot only check
the sudden mid over 'echoing annalist of hue also
enhance the plate beyond that which it asii,ist reach under
the present systrili; nor must at be lost sight of so uny fume
regul at ion, out ow to the great alteration 111 our currency,
1300 may and do not represent a deferent aped colooderably
higher value thus in Itlls, as sCalleuteal by tie price of all
articles 01 rtiiisUolololl.
Should rat hanteht decide to legislate during the present
session, seer eutinnittee would recuiniuend, that, after our
is heat snail have leached SO,. all never cgrentittounces, out
note to be foreseen, may have effected sit great u change, a
tosser price may be assumed tur the luture import, sulutct to
a duty.
%Veen lite importers knna• that their grain can in no ruse
Come into the ket without pay's% u ieuttilt suin as duly,
besides she chargers of importation, warehousina, and ether
hicidental expenses, they as ill be less ready to ad venture
middy (host under tilt entirely free trade; they will olio
withdraw their torn, which may be bodged in warehouses
graduall), awl ugh enure crcum•pectuu, than they do at
present, and will ingui ally endeavour to tied the Minket
rather than inundate it. It is now their interest to take
their wholesluck,ieuwruse us it may be, at unce Erma nutlet
to, Kies'. lock ; Wu ei hen they most pay duty for every
quarter a hick a reinotea, Ih.y wish prudently eaten lute the
lime th .t any large boa k may remain on hood [afore they
can di-pose of it to advantage.
Tar toundation at duly future bill should be the pi ihciple
of so far muddy ine Use opeiution of xisieng law a, to
obv late, as La as .:a) hi, by the iiiiiiiititioii of reietteintil
duties upeo 1.l lareiga g. Kea tar home can-
sumptere, the suiden amid irrii,i,ular thornier in witch ►aru
fOreigal wale May now be iutiodurea tyoll the OpeliWg tor
of the ports ried‘ r egret* .stoners iacwbutcul with the spit it
eta,' totem iur.s of toe law.
For ciii lying this /WI lits,e in effect, it would he expelling,
after the poets shall leave oaceed at bus.) snhje. t lo a scale
of duty heieatter to lar lilted) la pi est.' ve tae pi inciple 01 au
i erne prier: at it rate soatsl at lower than the CS i,t.tig
I i oft Ante of *.OP., 301 ',An coanuttie ate of -opinion

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