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An inquiry into the nature and causes of the wealth of nations / by Adam Smith
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I'll ft W K A 1/111 OK NATIONS.

843

cannot be estimated at less than twenty-tour or twenty-fiveshillings upon the produce of a quarter of malt, But by tak-ing oil till the different duties upon beer and ale, and by tri-pling the malt tax, or by raising it from six to eighteen shil-lings upon the quarter of malt, a greater revenue, it is said,might be raised by this single tax than what is at presentdrawn from all those heavier taxes.

In 1772, the old malt-tax producedThe additional

In 1773, the old tax produced .

The additional

In 1774, the old tax produced .

'I'lie additional

In 1775, the old tax produced .

The additional

Average of these four years

In 1772, the country excise producedThe London breweryIn 1773, the country excise

The London brewery .

In 1774, the country excise

'Ilie London brewery .

In 1775, the country excise

The London brewery

Average of these four yearsTo which adding the average malt-tax, or

The whole amount of those different taxes comes l ,

out to be . \ 3.505.8 53 7 9f,l

But by tripling the malt-tax, or by raising .it)

from six to eighteen shillings upon the quarter v 2,87(5,685 9 0-9,

of malt, that single tax would produce .

A sum which exceeds the foregoing by . . 280,832 1 2-J-J

Under the old malt-tax, indeed, is comprehended a tax offour shillings upon the hogshead of cider, and another often shillings upon the barrel of mum. In 1774, the tax uponcider produced only 3083/. (5 a-. 8 d. It probably fell some-what short of its usual amount; all the different taxes uponcider having, that year, produced less than ordinary. Thetax upon mum, though much heavier, is still less productiveon account of the smaller consumption of that liquor. Butto balance whatever may be the ordinary amount of those

3 ii 2

£ * <i -722,023 11 11356,776 7 9|561,627 3278,650 15 35624,614 17 55310,745 2 8£657,357 0 8|323,785 12 61

4)3,835,580

12

o«

958,895

3

o*

1,243,128

5

3

408,260

7

23

1,245,808

3

3

405,406

17

10J

1,246,373

14

H

320,601

18

o.l

1,214,583

6

l

463,670

7

01

4)6,547,832

19

21

1,636,958

4

91

958,895

3

o*