[Book V] Chapter 3: Of public Debts

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[Book V] Chapter 3: Of public Debts
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Appendix

The two following accounts are subjoined in order to illustrate and confirm what is said in the fifth chapter of the fourth book, concerning the tonnage bounty to the white-herring fishery. The reader, I believe, may depend upon the accuracy of both accounts.

An account of Busses fitted out in Scotland for Eleven Years, with
the Number of Empty Barrels carried out, and the Number of Barrels
of Herrings caught; also the Bounty at a Medium on each Barrel of
Seasteeks, and on each Barrel when fully packed.
Years Number of
Busses
Empty Barrels
carried out
Barrels of
Herrings caught
Bounty paid
on the Busses
L s. d.
1771 29 5948 2832 2085 0 0
1772 168 41316 22237 11055 7 6
1773 190 42333 42055 12510 8 6
1774 248 59303 56365 16952 2 6
1775 275 69144 52879 19315 15 0
1776 294 76329 51863 21290 7 6
1777 240 62679 43313 17592 2 6
1778 220 56390 40958 16316 2 6
1779 206 55194 29367 15287 0 0
1780 181 48315 19885 13445 12 6
1781 135
33992
16593
9613
12
6
Total 2186 550943 378347 155463 11 0
Seasteeks 378,347      
Bounty at a medium for each
barrel of seasteeks
  L0 8 2 1/4
But a barrel of seasteeks being
only reckoned two-thirds of a
barrel fully packed, one-third is
deducted, which brings the bounty to
  L0    12 3 3/4
1/3 deducted 126,115 2/3
Barrels fully packed 252,231 1/3
And if the herrings are exported, there is,
besides, a premium of
0
2
8
So that the bounty paid by Government in
money for each barrel is
L0 14 11 3/4
But if to this the duty of the salt usually
taken credit for as expended in curing each
barrel, which at a medium is of foreign,
one bushel and one-fourth of a bushel, at
10s. a bushel, be added, viz.
0
12
6
The bounty on each barrel would amount to L1 7 5 3/4
If the herrings are cured with British salt, it
will stand thus, viz.
Bounty as before
L0 14 11 3/4
But if to this bounty the duty on two bushels
of Scots salt at 1s. 6d. per bushel, supposed
to be the quantity at a medium used in
curing each barrel is added, to wit
0
3
0
The bounty on each barrel will amount to L0 17 11 3/4
And, When buss herrings are entered for
home consumption in Scotland, and pay
the shilling a barrel of duty, the bounty
stands thus, to wit as before
L0 12 3 3/4
From which the 1s. a barrel is to be deducted 0
1
0
  0 11 3 3/4
But to that there is to be added again the duty
of the foreign salt used in curing a barrel of
herrings, viz.
0
12
6
So that the premium allowed for each barrel of
herring entered for home consumption is
L1 3 9 3/4
If the herrings are cured with British salt, it will
stand as follows, viz.
Bounty on each barrel brought in by the busses
as above
L0 12 3 3/4
From which deduct the 1s. a barrel paid at the
time they are entered for home consumption
0
1
0
  L0 11 3 3/4
But if to the bounty the duty on two bushels of
Scots salt at 1s. 6d. per bushel, supposed to
be the quantity at a medium used in curing
each barrel, is added, to wit
0
3
0
The premium for each barrel entered for home
consumption will be
L0 14 3 3/4

Though the loss of duties upon herrings exported cannot, perhaps properly be considered as bounty; that upon herrings entered for home consumption certainly may.

An Account of the Quantity of Foreign Salt imported in Scotland,
and of Scots Salt delivered Duty free from the Works there for the
Fishery, from the 5th of April 1771 to the 5th of April 1782, with
a Medium of both for one Year.
Period Foreign Salt
Imported
Bushels
Scots Salt
delivered from
the Works
Bushels
From the 5th of April 1771
to the 5th of April 1782
936,974 168,226
Medium for one Year 85,179 5/11 15,293 3/11

It is to be observed that the Bushel of Foreign Salt weights 84 lb., that of British Salt 56 lb. only.


THE END



 
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