10 



withiti the United Kingdom, and which indicate 

 distinctly, the motives for facilitating such inter- 

 changes, between the several parts or membei^s of 

 the Enipire. 



The expediency of extending equal encourage- 

 ment or of applying the principle of " Free Trade," 

 in the same latitude, to the intercourse of trade 

 extending beyond the limits of the British Empire, 

 or to foreign trade^ is not equally clear. In a state 

 of " Universal peace and good will," the principle 

 of " Free Trade" ought to command universal 

 assent. Under the unhappy disposition of man 

 to usurp the rights of man, and of Nations to 

 give body and force to this disposition, it must be 

 subjected to prudential calculation. 



The principle of " Free Trade," in its unlimited 

 application, merges the distinction between Bri- 

 tish Agriculture and Foreign Agriculture, be- 

 tween British Navigation and Foreign Navitra- 

 tion. Losing sight of these distinctions, and of the 

 distinction between a constant and an irremilar 

 course of demand and supply, its advocates assume, 

 that the immediate rate of the money price 

 of commodities may be allowed to govern the 

 dealer and consumer, without regard to any other 

 consideration; and they, of course, contend, that 

 this system of action would the most effectually 

 advance every British Interest. The conclusion 

 appears to be too general; but even in respect of 



