TRAVELS IN 
A voyage to Greenland Is four months, the outfit of which 
is covered by the tonage bounty and, if wholly unfuccefsful, the 
fame fliip can make a fecond voyage the fame year to fome of 
the ports of the Baltic, A voyage to the South Sea is from 
twelve to eighteen months, and muft depend folely on the fuc- 
cefs in fifliing. A Greenland fliip fets out on a fmall capital^ 
and builds on a quick return ; but a South Sea whaler muft ex- 
pend a very confiderable capital in making his outfit, for which 
he can reckon on no returns for at leaft eighteen months. 
Hence the ufual pradice of fending them out in the double ca- 
pacity of fifliers and contraband traders, in order that the loffes 
they may fuftain by ill fuccefs in filhing may be made good by 
fmuggling. 
If by extending the fifhery we fliould be enabled to fupply the 
.continent of Eurape, two objects fhould never be out of the 
view of the Legiflature — the exemption from duty of all the 
produce of ihe fiflieries, and particularly fparmaceti, which, if 
inanufa<^lured into candles, and fubjed only to the fame duty as 
tallow candles, would produce much more to the revenue than 
when taxed as it now is, as wax.— I have heard it alferted that 
the extenfion of the premium fyflem, by doubling its prefent 
amount, which never could exceed 30,000/. a year, would be 
adequate encouragement to fupply the home market with fper- 
maceti and black whale oil, and that the bonding of foreign oil 
in Great Britain would throw the whole agency of American 
fiihery on England with greater advantage to both countries 
than by any other fyilem. 
But 
