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mines were producing very little, whilst the amount of duty was absolutely prohibitory. The duty was lowered from 27l. to 2l. per ton, in 1832; the price was 10l. 17s. 6d. per ton, and the quantity imported was 1,093 tons. Since that the quantity imported has, year after year, gone on increasing; and with the increase of import an increase of price has gone hand in hand. So that last year the quantity imported was 3,596 tons, and the price 17l. 5s. per ton. I might refer to various other instances, in which in consequence of lowering the duties, the same good effects have followed. I need hardly refer to wool. Every one knows that the fears entertained by the agricultural interests, when an alteration was made in the laws bearing on this article, have not been realised, whilst the imports since the reduction of the duty have been doubled; and our silk, and our linen manufactories are, I am given to understand, all improving under the changes that, within a few years, have been made in the laws relating to them. If I am asked how I account for this, my answer would be, that it is supply that occasions consumption, and consumption is followed by increased demand. The mistake, as it appears to me, always made by those who would limit the importation of foreign corn, is, that they suppose a limitation to
