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An inquiry into the nature and causes of the wealth of nations / by Adam Smith
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THE NATURE AND CAUSES OK

quality) is not very fit for that produce. Such a bounty uponthe importation of Scotch flax into England would have beentoo great a discouragement to the native produce of the south-ern part of the united kingdom.

The fourth bounty of this kind, was that granted by the5 Geo. 111. chap. 45., upon the importation of wood fromAmerica . It was granted for nine years, from the 1st Ja-nuary, 17(56, to the 1st January, 1775. During the firstthree years, it was to be for every hundred and twenty gooddeals, at the rate of one pound ; and for every load containingfifty cubic feet of other squared timber, at the rate of twelveshillings. For the second three years, it was for deals, to beat the rate of fifteen shillings, and for other squared timber,at the rate of eight shillings; and for the third three years,it was for deals, to be at the rate of ten shillings, and forother squared timber, at the rate of five shillings.

The fifth bounty of this kind, was that granted by the9 Geo. III. chap. 38., upon the importation of raw silk fromthe British plantations. It was granted for twenty-one years,from the 1st January, 1770, to the 1st January, 1791. Forthe first seven years, it was to be at the rate of twenty-fivepounds for every hundred pounds value; for the second, attwenty pounds; and for the third, at fifteen pounds. Themanagement of the silk-worm, and the preparation of silk,requires so much hand labour, and labour is so very dear inAmerica , that even this great bounty, 1 have been informed,was not likely to produce any considerable effect.

The sixth bounty of this kind, was that granted by 11 Geo.HI. chap. 50., for the importation of pipe, hogsheads, andbarrel staves and heading from the British plantations. Itwas granted for nine years, from 1st January, 1772, to the1st January, 1781. For the first three years, it was for acertain quantity of each, to be at the rate of six pounds ; forthe second three years, at four pounds; and for the thirdthree years, at two pounds.

The seventh and last bounty of tin's kind, was that grantedby the 19 Geo. 111. chap. 37. upon the importation of hempfrom Ireland . It was granted in the same manner as that forthe importation of hemp and undressed llax from America ,for twenty-one years, from the 24th June, 1779, to the 24thJune, 1800. This term is divided, likewise, into three pe-riods of seven years each ; and in each of those periods therate of the Irish bounty is the same with that of the American.