SOUTHERN AFRICA. 339 
of imports over the produce exported, especially when it is 
known that most of the European articles were sold at an ad- 
vance of from 50 to 100 per cent, on the invoice prices, which, 
indeed, could not well be otherwise, considering the high pre- 
mium on bills, and the small quantity of colonial produce to 
be had for remittances. The followino; rough statement will 
serve to explain this matter : 
The army, independent of the clothing and 
stores, &c. sent from home, and money re- 
mitted by the officers, could not expend 
less, in European and Indian goods, and 
in colonial produce, than 180,000/. per 
annum, which in four years is - - ;C- 720,000 0 0 
The navy expenditure might, perhaps, 
amount to half that sum - - 360,000 0 0 
The re-exportation of India prize goods, and 
of European goods to the West India 
islands, the coast of Brazil, and Mozam- 
bique, in four years, about - - 170,000 0 0 
Surplus colonial produce exported as above 60, J 85 0 0 
Making in the whole £. 1,310,185 0 0 
Value of the imports as above 1,195,507 3 6 
Balance in favour of the colony and the 
merchants residing there - 114,677 I6 6 
Besides this balance, which may be considered as the joint 
profit of the colonists and English merchants on that part of 
X X 2 
