The Sun.
London, England, 1804-06-14 00:00:00

every Man, either.in'exportingoi. importing, if the
objet is taken away, the praCtiee would not be

Must not such disposition to import, and indispo-
sition to export, 'supposing it to be followed by "an
adual increase of imports; and an actual decrease in
exports, produce whit is commonly called an nth-
Volliable balance of trade, and must it not lead to
the creation of a greater number of Engli'sh drawers
of hills upon Ireland than there are of re.
ttti►ters ?—lf the imports are increased, and the ex-
ports diminished, no doubt it must produce an un-
favourable balance; there cannot be a greater amount
of Bills drawn than there are remitters to take.

Will not such diipropertion between the amount
of Bills which there is a disposition to draw, and
the amount of Bills which there is a disposition to
remit, produce a rise in the exchange with Ire.
land ?—lf the Bills to be drawn exceed the money
to be remitted, the exchange naturally will rise.
Will not that rise in the exchange operate as
auchtabuunty on the exports front Ireland, and•as.such
a tax upon the imports, as to counteract the high
trice of Irish goods in Ireland, which the excessive_
issue of paper in Ireland has been 'supposed to have
created ?—A rise in the, exchange abOve what it.
is now or has been, would tend to•reduce the inter-
course between the two Countries', rather than to
operate as a bounty.

Must it not, in proportion to its magnitude, ope-
rate as a bounty on exports, and as a lax on im-
ports must ; in the manufaanres exported
from Ireland, there are a number of foreign materials,
which it would operate as a tax on.
Supposing this boutity on exports, and tax on im.
ports, w be exatlly countervailed by the rise in' the
price of commaclities in Ireland, will. not the rela-
tive situation of Ireland, with roped to its trade
with other Countries, remain exadly.the same ?
I do not know that; there would be a greater ca.
pital necessarily emiVoyed.',
• , Will not the capital he the 'same, if computed in
Foreign Money, though it would be greater in Irish
Money, if computed according to the price of cur-
rency in Ireland ?—f-apprehend I am giving
ccnclusions upon matters which I do not feel myself
competent to.

Would not, therefore, the redaction of the quan-
thy of paper in Ireland be the. mans of improving
the state of the eichange the Bank were to di-
tninish then. discounts, people would be obliged to
draw On-this Country for money, which they can
now obtain doing Via, and ihe exchange
would probably decline.

Do you know whether the usual articles of
poriation from'lreand into the Port Of London 'are
increased or tl;'lninished in value Of, their'respe4ive
commodities, within the last swerve' months
know nothing about Liven ; as to Provisions, 'within
the last, few months, they
,have been unsaleable, and
have diinini.ihtd is; Mice iri a very alarming degree.
Do you know whether the usual arieleS of ex_ •
ports •from Irela-ndr to the POrt of London, 'are in-
creased in valiie within thel'33t twelve months ?-
1
• I rather think they are dimininerr in value.
Whether-the priees of Corn and other "goods, do
not depend on tl:e quantity at market, ot to be ob_
tained in.proportion to:the demand; rather than on a
rtse•of to% per cent. on the exchange, or any execs-
,:ive issue of paler rather think they do, at
he same time exchange is an important consi.
deration with the pUrchaser.
It there should be no exportations from Ireand,
and great importations into Ireland of Corn; or
other goods, will not the accumulated quantity re_
'duce the prices, and check the importations sooner
than any prospeta of gain on the exchange, or any
excessive issue of paper, could bring about I—l
hend'so.
'Do yob conceive the demands of this Country on
Ireland to have materially increased since the period
between 1780 and t 790, when the exchange was
nearly at par conceive that the demands on Ire..
land are more disproportionate to their exportations
si;.ce tloit'period than before it. I conceive so from
the state of exchange. Having had occasion to remit
money to Ireland in the months of July and August
last, I observed that the Bills offered (itchy Brokers,
and those which I took, were Bills negotiated by'
Bankers at the west end of the town, and appeared to
have been drawn by gentlemen onconneaced with,com-
merce, by which I conclude that the advance in ex-.
change is in a certain degree attributable to the in, rr
creased number 'of gentlemen from Ireland, who'
now. reside in England. At the .period I allude
to, the exchange rose from If 10 191.
(Tc be codinued.)

SPORTIAG INTELLIGENCE,

BIBURY MEETING.

TUESDAY, JUNZ

The Craven Stakes, a Sweepstakes of Jags. The new
Lord Sackville's Whirligig, 6 yts old -
Sir S. Glynn's Captain Abselatc, 5 yrs 2
Sir W. W. Wynne's fityrus, • b yrs old - 3
The Sherburne Stakes of 50 guineas each. •Four mile heat.
Thre yr olds excluded.—(2o.-Subscribers.) -
Mr. Howorth's Harrfoot, 5 yrs old, lost. Iclb.
Mr. Lindow names Mr. Fpller's Clodhopper, aged z
Mr. Germaine names Col. Kingstune's ch. h. 1 atigo' -3
Mr. F. Lloyd names Cheshire Cheeses 6 yrs old, rest.,
4
Mr. Craven's Fine-ear, aged,' 51st.
MCKellerrnan's I'yrrhus, 6 yrs old, lost. 131 b. - 6
H. R. H. the Prince of Wales's Driver, 6 yrs old, x rst.Blb.

The Welter Stakes, a Subscriptioo of togs. each, for Horses,
34c.—Threc-ruile heats. (20 Subscribers).

Mr. Elwes h. g: BrockeisbY,"l3'y Spartacus, 6 yrs old, r 1.
Mr. Hawke's ch.•g. by King Fergus,' aged - ‘z
Col. Lumley's ch. h. by Overton,. 7.y rs'old , •'7 3
Mr. Craven's eh. g. Isaac ShoYe, ag,ecf, - -8 4
Sir I. Hawkins's ch. h. Coriander; 6
.S•rs old - $: s•
Mr. Howorth's br. h. by Tea Ale - - 3 6
Mr. Rawlinsdn's ch. g. 6 yrs old, by Spe6l.re - 47,
Sir H. Lippincott'S br. h. Ltbonrer, 5 yrs old • 6 S
Mr. Germain rode the winner every race;• the list heat
for the, Welter was a very fine one—Mr. HaWkes rode his:,
own horse.