338 
PROCEEDINGS OP THE VICTORIA INSTITUTE, 
their money'her/ ^n# 1 ^ Venezuelans live and spend 
the most obvious is ti - *. 1 T ‘l c ‘ lrecfc benefits, which are numerous, 
or America ' 118 •' “ a steamer comes here from Europe 
Venezuela our '?°° tons of ca G?o for ™ aad 500 for 
Venezuela. a u 8 P a y less freight than if she had nothing for 
because I behW^ ^ S ° me on Hus portion of my subject, 
trade is needed nr, P ^°P er appreciation of the value of the transit 
of time we should n - + \ eoauso T see no reason why in the course 
goods within the rP° i 6 twenty “Bolivars” here, distributing 
Guiana on the south a bounded by St. Yincent on the north aud 
To summarise w-W t i . , , 
merce alone wealth J have. said : — By commerce and com' 
been created • com,/ , c ? n 1 lmuni 'ti e s have from the earliest time 
be readily attracted Ltc,d wealth, being easily transferred, maj 
consumer and chcan ° l reat ‘ly repelled ; commerce benefits th< 
and , i, cneapens production • ,.n profitable 
consumer and ch ear, a <>l readb y repelled ; commerce fc 
and therefore S faction; all commerce is 
Y of encouragement. 
and impediments to' ■[’ ^ et P s glance at the various inducemen 1 
4 to trade and see how far they operate here. 
First xij * 
a sheltered position combined wit 
adjacent countries m'uvf l the .P ]aee itself has not wealth th 
*w ' C( '' 1 Weal thy centres ’T ^ ° r ft must be on tbe Mg**®* 
sufficient to say that not enumerate instances; iM 
great port in the world . . se two conditions applies to ever' 
enient harbour geo^ranh; ? ain >. un less there be a safe and con 
Tn position, Trinidad is*?* P P sltlon alone is not of much use 
^ n . r ;«°gnisedbyeve 4 autf eP v na11 ^ *»*»«*, a fact that h« 
fu^her harbour is not .,i| l0 ,7 y wl, o has spoken on the subject; 
the I' 4 Na %e. George C ^ U ^ hb be d «sired it is not the 
Oon[ln U ‘\ e ° f Gommons^as the 'f S * ° nC8 re ^ erred to Trinidad in 
So^S J^ton, the first / a U ^ ^ Ver P° o1 of tbe Western 
— ncri m 1,98 The id.,,, P r - bsb Governor of the Colony, 
wholly f PS °? e of Hie best and fi P ° SS6SSes tbe JP osfc extensive, 
cornmi ! rea c fro ® hurrica 4 e V Tr i^'-T-barbours in all America, 
Secretary of St l 111 ™ 61380 8 j Ua ‘ ed aa to command the 
Your rJUi ^ ta , te 111 1848 * .< t i ^ord Harris wrote to the 
island if „ * *‘ p tb e very great benefif^ 0 , alreaf ly pointed out to 
trade with otkp 0 lbera *. policy could* j V llcb would accrue to tbi5 
hoping that P \ c< j Untr, es bo adopted respecting the 
of the trade °f Spain evenin' TJ* 01 ? are man y reasons for 
Of that vast tract Of con nf a% , become ‘he receptacle 
country f rom which th(J o P |l0ca 
