8 



countries, are of reciprocal advantage to the Bri- 

 tish and to the foreign subject, and consequently to 

 the respective countries. 



But altiiough all these exchanges are of reciprocal 

 advantage ; although the United Kingdom is bene- 

 fited by each of these classes of exchangesof Proper- 

 ty, a clear distinction arises in respect of each class. 



In the instance of the exchange of property be- 

 tween the Country and the Toxun^ within the British 

 Isles, ALL the parties receiving advantage are Bri- 

 tish ; the British advantages are double in every 

 instance of such exchange, and the interests which 

 are thus created, are in the heart of the Empire : 

 to the extent to which these interests can be carried 

 and sustained, they are identified with the existence 

 of the Empire, they are of the most constant and 

 permanent character, and their prosecution and ex- 

 tension tend to promote the home or coasting navi- 

 gation, and thus to create a national arm for pro- 

 tection, in the seamen who are, by these means, 

 brought into activity. 



In the instance of the exchange of property be- 

 tween the British isles, and the British possessions 

 and dependencies in the various parts of the globe, 

 all parties receiving advantage are British subjects : 

 the British advantages are again double in every 

 instance of such exchange. In respect, however, 

 of the advantages acquired by the dependent mem- 

 ber of the Empire, and which become located or 



