35 



By a system having for its object the ad- 

 vance of the price of agricultural pro- 

 duce to the standard of the high costs of 

 production. 

 By a system iiaving for its object the re- 

 duction of the costs of production. 

 The first mentioned system has been tried, and 

 has failed ; the United Kingdom cannot be wholly 

 cut off from sympathy with the markets of Foreign 

 Nations; and as higli prices, if obtained by the agri- 

 culturist, render it necessary that high prices should 

 be obtained //'o??i the agriculturist; as price does, or, 

 in order to satisfy the ends of political justice, ought 

 to engender price, the case cannot safely be sup- 

 posed in which the effectual and permanent relief 

 of British industry could be obtained by means 

 of a system of high prices. 



A system of low constituents of cost, on the con- 

 trary, would assure the accomplishment of its pur- 

 pose. 



That system, carried to sufficient extent, would 

 render a moderate price for agricultural produc- 

 tions a high bounty upon production, and would 

 stimulate the United Kingdom, and its vast de- 

 pendencies, into the fullest and most beneficial 

 activity : beneficial, not to the British Empire only, 

 but to all Nations. That system would most 

 effectually and permanently establish a system of 

 interchange with Foreign countries, by enabling 



