206 Monthly Commercial Report. {March 1, 
or a rebellion fhould enfne, it might become impoffible to obtain payment for commodities 
fold into that country on credit. 
7. The banks in Ireland are relieved from the necefiity of fupplying that country with 
bullion and coin. And when the channels are ftopped up, it is natural that the bafon 
which they fupplied fhouid foom become dry. ’ 
8. For the linen manufa@ures in the north of Ireland there is a great and indifpenfable 
demand for guineas, which muft, at any jofs, be fupplied. The artifans and {mall manu- 
facturers will take nothing but gold. And this demand, obliging the Ivith to give in Eng-- 
Jand a higher price for gold, becaufe they cannot manage their internal trade without it, 
contributes effentially to keep the rate of the exchange fo much againit them 
9 The gold thus imported is funk in hoards, for fear of want in invafion; is exported in 
the rents of the landholders, who naturally endeavour rather to bring their rents away in 
money than tu pay for Englifh money fo dear in Irifh bills of exchange ; is fecretly bought 
up by the money-dealers, to be fold, either for exportation or as money newly imported. 
10. There has arifen a capricious averfion for paper money in that country, for no other 
bi but becaufe it is fo exclufively plentiful, that contributes to render cafh continually 
earer. ; 
11. Cafh is fcarce even in England. And amidft fuch a fcarcity in two countries, con+ 
neCted as Britain and Ireland, the cath mufi fy to the moft opulent of the two. 
Such are evidently the caufes of the very great difadvantage which Ireland now labours 
uncer, im the exchange of money with England, Whatever tends to diminith its moveable 
wealth mutt efpeciaily diminifh its money as the moft moveable of all. And the reftriétion 
upon the banks adds to thofe general evils certain others, which afteé&t money alone. The 
mifchief of all this is perhaps only to be exceeded by that which might be occafioned by 
taking away the reftri@ion. Jt tends indeed to encourage purchafers in Ireland, if there 
Were a general belicf of the fecurity of fuch purchafes. Jt is of the greateft importance, 
thata scmecy fhould be found. And the Irifh members wiil furely not fuffer Parliament 
tco hattily to difmifs the fubje@ from its attentidn. 
The price of moncy and builion is high in London, becaufe thofe from whom the public 
dad its former fupplies of thefe commodities now deal in paper alone. New dollars, not 
being without alloy, are at 5s. 7d. an ounce, Silver, in bars, is at gs. 8d. per ounce.— 
Large quantities of bullion have been lately received in Spain from South America; and a 
confiderable part of it has been already remitted to France, Part will, no doubt, find its 
“way inte this country. A great deal comes from Portugal by every arrival of the packet at 
Falmouth. 
Nineteen boxes of fpecie were lately received at Glafgow from Charleftown in South 
Carolina, by the fhip Sarah, The exehange between Glafgow and America is now 5 per 
ent againit the Americans. 
_ At is expe&ed, that, in confequence of the late revolution in St. Domingo, cotton goods, 
to the value of above a million fterling more than it has yet within the fame time received, 
will be wanted annually from this country for the fupply of that ifand. The Anglo-Ame- 
ricans expceét to be the carriers of this trade. Goods to the value of two millions fterling, 
partly, nodoubdt, for the Spanifh market, will alfo, we are informed from America, be 
Wanted for Louifiana, in confequence of its late change of mafters. ? ; 
The Eaft Incia Company, finding it of immediate advantage to fuffer the natives of Ben- 
gal to cifpofe of their cottens, muflins, and filks to ftrangers, whofe ready money may go 
tothe Cove-nment for the taxes, has, of late, encouraged the merchants of the Ameri- 
€an States to carry ona brifk trade to Bengal. It is gainful both to the Company and to 
the Americans 3 but, it creates a rivalfhip to the American trade with Great Britain and 
ireland. A merchant writes, that, were it not for this trade to India, all Scotland would 
be infufficient to furnifh the manufafured cotton wanted in America, : 
At Truro, are well-known and regular copper markets. The quantity of copper there 
exputed to fale on the gth of February, was £271 tons. *, ; 
It is eitimated, that the c> riage of water-creffes alone, from Stockbridge and other places 
ian Hampshire to London, cofts above 2cool fterling a year. . 
Bank of England Notes have been long, upon occafion, forged in France, among the 
other refources of its Government. Of late, there has been alfo a fabrication of Guineas, 
purporting to be of the coinage of the years 1797 and 1798. They confit of gold to the 
value of about ten or eleven fhillings, with an alloy of bafe metal to meke up the full — 
weight. They are already known as counterfeit on the Continent; and the merchants of 
Hamburgh ere fully on their guard againft twking them in payment. : 
“The French lately feized, on the fonticrs“ef Holland, Englith goods to the value o 
Sc,ocol. whichehad been brought from Embden, ‘Thus our manufaétures ftill find their 
way Into the countries with which we are at war; though at ridk, and with frequent 
lofies. ; . 
The procuce.of the permanent taxes of Great Britain from the sth of January, 18039 
to the sth of January, 1804, has been £ 26,321,874 178. 119d. . 
Lhe war taxca of 18037 - --- 2 - - 1,374,672 2 14 
¥ 
£28,1955547 ven if pa : — 
