Page:The Economist 1843-08- Vol 1 Preliminary Number (IA sim economist 1843-08 1 preliminary-number).pdf/9

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and Prospectus.]
The Economist.
9


Coffee.
Years. Cleared for Consumption. Rates of Duty. Nett

Revenue.

British
Plantation.
East
India.
Foreign
Plantation.
Total. British
Plantation.
East
India.
Foreign
Plantation.
First Period—Old Rates of Duty.
£.
1820 6,816,033 285,945 1,431 7,103,409 1s. 1s. 6d. 2s. 6d. 342,828*
1821 7,386,060 206,177 764 7,593,001 {{{1}}} {{{1}}} {{{1}}} 384,283*
1822 7,494,218 171,717 3,416 7,669,531 {{{1}}} {{{1}}} {{{1}}} 387,342*
1823 8,218,342 235,697 881 8,454,920 {{{1}}} {{{1}}} {{{1}}} 428,613*
1824 7,947,890 313,513 1,540 8,262,943 {{{1}}} {{{1}}} {{{1}}} 420,988*
Second Period—Huskisson's Rates of Duty.
1825 10,622,376 457,745 2,849 11,082,970 6d. 9d. 1s. 3d. 315,809*
1826 12,409,000 791,570 2,753 13,203,323 {{{1}}} {{{1}}} {{{1}}} 336,570*
1827 14,676,968 888,198 1,210 15,566,376 {{{1}}} {{{1}}} {{{1}}} 399,690*
1828 16,151,239 973,410 2,984 17,127,633 {{{1}}} {{{1}}} {{{1}}} 440,245*
1829 18,495,407 974,576 6,197 19,476,180 {{{1}}} {{{1}}} {{{1}}} 484,975*
1830 21,697,966 989,585 3,971 22,691,522 {{{1}}} {{{1}}} {{{1}}} 579,363*
1831 21,501,966 1,234,721 3,940 22,740,627 {{{1}}} {{{1}}} {{{1}}} 583,751*
1832 20,964,301 1,970,635 17,591 22,952,527 {{{1}}} {{{1}}} {{{1}}} 589,858*
1833 20,941,194 1,799,319 1,471 22,741,984 {{{1}}} {{{1}}} {{{1}}} 591,241*
1834 22,224,073 1,558,604 2,418 23,785,095 {{{1}}} {{{1}}} {{{1}}} 614,434*
British Possessions. Third Period—Duties as Fixed by the late Ministry.
1835 23,292,920 duty equalized. 2,126 23,295,046 6d. 6d. 1s. 3d.
9d. if imported from the Cape, &c.
652,124*
1836 24,945,456 2,234 24,947,690 {{{1}}} {{{1}}} 691,616*
1837 26,343,792 3,169 26,346,961 {{{1}}} {{{1}}} 696,645*
1838 22,539,361 3,217,742 25,765,673 {{{1}}} {{{1}}} 685,084*
1839 18,041,842 8,667,121 26,832,186 {{{1}}} {{{1}}} 779,853*
1840 14,495,331 14,150,924 28,664,336 {{{1}}} {{{1}}} 921,551*
1841 17,571,609 10,849,857 28,421,466 {{{1}}} {{{1}}} 888,563*
1842 17,338,898 11,245,033 28,583,931 {{{1}}} {{{1}}} 770,163*
*Half of the year came under the reduced Duties of the last Tariff, of 4d. per lb. on all Coffee produced in British possessions, and 8d. on that of foreign growth, however imported.

During the first period in the above table, the total consumption remains nearly the same, showing only a very slight increase. With the lowering of the duty, the increase is so rapid, that in the fourth year of the second period it is more than doubled, and more revenue is secured at half the former rates of duty. It will be observed that still the former proportions of differential duties on East India and foreign coffee were retained during this period, and that, in consequence, the consumption of those kinds (especially of foreign, still subject to a very high duty) did not materially increase. From 1830 for several years the consumption remained nearly stationary, until we arrived at the third period when the differential duty was repealed in East India, and practically greatly reduced on foreign growth; and from this period another great and rapid increase of consumption took place. The law by which foreign coffee was admitted at the duty of 9d. if shipped from the Cape, or British possessions eastward thereof, did not operate materially till 1838; and then it will be seen how rapidly the supply of that description and the general consumption increased. Under this change the revenue increased about thirty-five per cent. in two years.

In further illustration of this principle. The duty on coffee was again reduced by the tariff of last year; and the quantity consumed increased on that of the previous year, while the consumption of sugar and all other leading articles was materially reduced. Indeed, the loss of revenue last year was less on coffee, with a reduction of thirty-three per cent. of duty on colonial (from 6d. to 4d.), and practically twenty-five per cent. (from 10d.—including 1d. for extra freight—to 8d.) on that of foreign growth, than occurred on sugar, the duty of which was not reduced at all.

Sugar.

We are not aware of one reason which could induce under the same circumstances in every respect an extended consumption of coffee, that would not in all and every way apply to sugar; but we can enumerate many most important ways in which the consumption of sugar should be increased, not applicable to coffee. It is much used for the food of infants; and if cheap, for this purpose alone medical men consider it would be an incalculable blessing to the poor; it is used largely in cooking, in preserving, in confectionery, &c.; and another reason for a great increase of sugar during the period alluded to, would be, that independent of the enormous increase of the consumption of coffee, the consumption of tea has also increased from 23,784,838 lbs. in 1821, to 32,252,628 lbs. in 1840. For our present purpose of comparison, two lines will dispose of the slavery argument: if it applies at all, it does as much to coffee as sugar; and indeed more, for if our purpose be to coerce the Brazilians into our views, then to them coffee is important article of growth than sugar: and god, silver, and copper apply as much as sugar can to the argument, both in Brazil and Cuba. With all these advantages, let us examine how this pet of protection has proceeded during this period. In 1821 the duty on sugar was—

West India 27s. per cwt.
East India 37s. per cwt.
Foreign 63s. per cwt.

In 1824 Huskisson was given to understand that he must not touch sugar; in 1830 the West India duty was reduced to 24s., the East India to 32s.; which was just so much more put into the pockets of the producers as long as the 63s. on foreign sugar was continued. In