16 



recognises, and to great extent applies, the princi- 

 ples of British policy, to the circumstances occa- 

 sioned by the change of relation in the Ameri- 

 can provinces and by the abolition of the Slave 

 Trade, and affords a reasonable ground of expec- 

 tation, not only that the British Flag will continue 

 ascendant, but that the demand for slave labor, 

 will decline in the Foreign Settlements.' 



The third and last change to be noticed, namely, 

 the change from comparatively low, to high con- 

 stituents of cost, in the cultivation of the United 

 Kingdom, has very considerably, but it may be 

 hoped not permanently, affected the United King- 

 dom in her powers of production, and in all her 

 trading and commercial relations. 



In particular, this change has already very con- 

 siderably lowered, and threatens further to lower 

 the impulse to the growth of British corn, and also 

 threatens the most destructive effects to the Bri- 

 tish land-owner and farmer, from the importation 

 of Foreicjn corn. 



The consideration of the nature and effects of 

 Market, will lead to the more distinct apprehension 

 of this subject, and will illustrate the subject of 

 trade generally. 



A benejicial market is the first and last object 

 of Political Economy : a beneficial market excites 



' See Appendix B. 



