19 



introduction of Foreign corn to the British market. 

 The price thus assured to the British grower is 

 viore than adequate to the costs of production, 

 including rent, if the public annuities and the 

 maintenance of the capable poor be abstracted. 



These claims being remitted, considerable re- 

 duction in the prices of corn and other commodi- 

 ties might by degrees be experienced, as the 

 costs of production should subside, consistently 

 with the restoration of the farmer to a condition to 

 make a liberal return of rent to the landlord. 



The principle which deprives the British market 

 for agricultural produce, of a character beneficial to 

 the landlord or tenant, inheres in the levy of the 

 vioney required for the payment of the public annui- 

 tant. The effect of this principle, upon the costs 

 of production, cannot be estimated by the mere 

 numerical amount of the annuities paid to the 

 public creditor; nor by the combined amount of 

 these annuities, of the sinking fund, of the charges 

 of collection and management, and the advance 

 which is necessarily made by merchants and dealers 

 upon the duties paid by them.* 



These several [)articulars may be taken in round 

 numbers as follows : 



Amount of annuity and interest on unfunded 



' Sec " Further Observations on the Practicability and 

 Expediency of Li<iiii(hitinf; tlic Public Debt of th« United 

 Kin^dutn," pp. i.'3 and 126". 



