1800.} 
6,000,000]., which cannot be more than a 
feventh part of the whole confumption, 
amounting therefore to 42,000,0001. ; but 
the whole number of cattle exifting muft 
be more than double the quantity brought 
to market; fo that, including horfes, 
afles, cows kept for milk, and oxen em- 
ployed in agricu'ture, the whole value of 
the cattle cannot be lefs than 90,000,000l. 
Taking the annual confumptioa of 
grain of all forts at 14 000,000 quarters, 
which is probably below the truth, we 
my prefume, that in general there is at 
Jeait three or four months fupply on hand, 
which, at only 35s. per quarter; will 
amount to at leaft 6,125,000!.. The va- 
jue of hay and ftraw, and all kinds of fod- 
der, and of all implements of hufbandry, 
cannot be le/s than five or fix millions, 
and, with the former {um, will make 
about 12,000,000]. The total value of 
cattle and farming-ftock is  theretore 
102,000,000]. ; and if it is eftimated as 
equal in value to only three times tie 
yearly rent, it will amount to nearly this 
fam. 
The value of the thipping belonging to 
Great Britain may be calculated with 
more accuracy. It appears that in 1794 
the tonnage of the veffels in the mer- 
chants’ fervice was 1,589,162 tons ; but 
taking it at 4,500,000, at 81. per ton, it 
makes 12,000,0001., which is certainly 
below the real value. The thipping of 
the navy may perhaps be eliimated at 
4,900,000]., making, with the former 
fum, 16,000,000l. ; towhich feme addition 
fhould be made for the value of the {mall 
craft employed on our rivers and canals. 
The quantity of money in the country 
has at different times been a fubjeét of 
dilpute, and has never been determined 
with precifion*. It was, however, pre:ty 

* Dr. Davenant eftimated the coinin 1688 
at 18,000,000]. ; Mr. G. King ftated it only 
at 11,500,000l1., which perhaps was nearer 
the truth: from that period the quantity 
coined has been as follows : 
SALINE 0 et ama eae Aaa £.10,511,963 
UNIT APRN fle io AL gS ae aS 2,691,626 
Merron, Ft ee he Leng he 8,725,921 
ot Ss 3 Ra TR oa 11,966,576 
George IlI., to 25th Mar. 1793, 51,073,362 
If all the money was ccined from foreign 
bullion imported into this country, this ac- 
count would fhew that there muft have been 
a very great export of the current coin, or 
that its quantity muft have greatly increafed ; 
but in faét a great part of the new money is 
merely the re-coinage of old, worn below the 
Randard weight, 
Mr. Grellier on the National Wealth. 115 
well afcertained, by the recoinage in the 
years 1773, 1774, and 1776; the value 
of the light gold delivered into the Bank 
under the different proclamations, amount. 
ed to 15,563,5931.; and it was generally 
admitted that fomewhat more than two 
miilions of heavy guineas remained out in 
circulation, which, with the fliver and 
copper coin, made the whole at that time 
abcut twenty millions, at which fum Mr. 
Chaimers eftimated it in the ycar 1786.—5 
Inciuding the cath in the coffers of the 
Bark, it appears that at the time of the 
recoinage the whoie money in the coune 
try was rather above than under the fum 
jut ftated ; and from the fums annually 
coined fince that ttme*, it might be pres 
fumed that the quantity in circulation at 
prefent was confiderably greater ; Mr. 
Rofe has lately ftaied it at no lefs than 
44,000,000]. ; but, though our commeice 
has confiderably increafed, it will hardly 
be thought, confidering the greater quan- 
tity of {mall bank-notes in circulation, 
that, if twenty millions of coin was fufh- 
cient in 1776 or 1786, we Can at prefent 
have occafion for more than twenty-five 
millions at the utmott. 
Of the value of the merchandize and 
manufactures ufually in the hands of the 
merchants, wholefale-dealers, fhopkeepers, 
and manufaéturers, it is very difficult ta 
form a fatisfactory idea. The total 
amount of the exports in the year 
1797 was 2%,917,0001., and of imports 
21,013,000l., according to the cultom- 
houfe accounts ; but it has long been 
known that thele accoun:s are confidera- 
bly below the true value, and particularly 
fince paffing the convoy act, in the execu- 
tion of which it has appeared that the de. 
clared value of Britith manufaétures ex- 
ported is about feventy-one per cent. 
greater than the value in the inf{peétor-ge- 
neral’s regifter ; and,with re{pect to the fo- 
reiga merchandize imported, thedifference, 
on the whole, may not be much lefs 5 for 

* Tie value of gold coined from the 3: 
of December, t»77, tothe 31{t of December, 
1798, amounted to 33,831,2361.3 of which 
15,328,196. is known to have been produced 
from guineas fuppofed to have fallen below 
their current weight by wear. The coinage 
of filver during the prefent reign has been 
very trifling, and the filver coin in genera} is 
fo reduced in its real value, that the fixpences, 
on an average, are not worth more than two- 
pence halfpenny, the fhillings eight-pence 
halfpenny, the half-crowns two fhillings and 
two: pence, and the crowns perhaps four fhil~ 
lings and eight-pence.-See 6* Thoughts on 
a New Coinage of Silver,” 4 
Q2 it 
