Ji6 A P P E N D I X, No. IV. 



proving the carcal'e of his flieep ; and therefore a breed of 

 coarfc vVool'd fheep might become more profitable to him 

 than the fine wool'd fort, which ufed to return the beft 

 profit. Thefe coarfe wool'd fheep muft of courfe be uni- 

 verfally preferred — and, in thefe circumftances, nothing can 

 jbe more natural than the change we have had occafion to 

 remark — nor, if the fame fyflem of legiflation be perfilled 

 in, will it be in the leaft furprifing if the fine combing wool, 

 that now furniflies the fubje<SL of fo many vain panegyrics, 

 ihould in its turn difappear. I think there are evident 

 fymptoms of its degenerating. 



The mamifaBurers have been accufed of obtaining this 

 law, with a view to their own emolunaent-, but, if it be fo, 

 "it will be eafy to (how that the effects have been very dif- 

 ferent, in regard to their bufinefs, from what they have 

 hoped it would be. At \\~itjirj}y there was no doubt fomC 

 flight advantage derived from it by individuals among them j 

 but the confequences of it to that manufacture now are 

 highly prejudicial. 



In former times, and as long as the exportation of Bri- 

 tifli wool, under a duty, was permitted, it muft either have 

 been of a quality, equal at leaft to that of Spain, to bring 

 the fame price in a free market abroad, or finer, if it brought 

 2. higher price than the Spanifh wool abroad, though it muft 

 have fold at a lower price at home. Say then that the 

 duty, freight, eommijQion, and expences was L.5 per fack ; 

 this wool muft either be fold in a foreign market, at the 

 fame price with Spanifh wool of the fame quality, or it 

 could not be fold at all. — Admitting then it was equally 

 fine with the Spaniffi wool, it will follow that the Englifh 

 manufafturer might buy it at leaft L.5 per i^ek cheaper 

 than either it or Spanifh wool of the fame quality could 

 have been bought for by foreign manufacHiurers. — If there- 

 fore rival manufadlurers found it necefTary to buy this wool, 

 they muft pay for it at leaft L.5 per fack more than the 



Pritilh 



