Considerations Relative to the Renewal of the East India Companys Charter
Considerations Relative to the Renewal of the East India Companys Charter
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The following are the arguments most com- monly used in favour of a free trade with China : That the present monopoly of the tea- trade en- hances the price of tea to consumers in England to a very great extent, and that a heavy tax is thus levied upon one of the most essential ne- cessaries of life. That while the exports to In- dia have gradually increased since the liberation of the trade, there has been no corresponding increase, but on the contrary, a considerable di- minution in the amoun...t of merchandize exported by the Company to China. That our experience with regard to India, assures us that the con- sumption of British merchandize, by the Chinese, may be augmented to a much greater amount than it has yet reached, when the activity and enterprize of private adventure shall have suc- ceeded in opening new channels of intercourse, and when competition shall have reduced the price of commodities in their market. That at present the markets of Europe and of the world are supplied by other commercial nations with tea, and all articles of Chinese production, and that the Americans even export to China British manufactures to a considerable amount, which might be exported with greater profit and ad- vantage by British merchants, if they were not excluded from this trade.
What to read after Considerations Relative to the Renewal of the East India Companys Charter?
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To quickly assess the difficulty of the text, read a short excerpt:
The following are the arguments most com- monly used in favour of a free trade with China : That the present monopoly of the tea- trade en- hances the price of tea to consumers in England to a very great extent, and that a heavy tax is thus levied upon one of the most essential ne- cessaries of life. That while the exports to In- dia have gradually increased since the liberation of the trade, there has been no corresponding increase, but on the contrary, a considerable di- minution in the amoun...t of merchandize exported by the Company to China. That our experience with regard to India, assures us that the con- sumption of British merchandize, by the Chinese, may be augmented to a much greater amount than it has yet reached, when the activity and enterprize of private adventure shall have suc- ceeded in opening new channels of intercourse, and when competition shall have reduced the price of commodities in their market. That at present the markets of Europe and of the world are supplied by other commercial nations with tea, and all articles of Chinese production, and that the Americans even export to China British manufactures to a considerable amount, which might be exported with greater profit and ad- vantage by British merchants, if they were not excluded from this trade.
What to read after Considerations Relative to the Renewal of the East India Companys Charter?
You can find similar books in the "Read Also" column, or choose other free books by William Smith Obrien to read onlineMoreLess
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