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A55326 England and East-India inconsistent in their manufactures being an answer to a treatise intituled, An essay on the East-India trade by the author of, The essay of wayes and means. Pollexfen, John, b. ca. 1638. 1697 (1697) Wing P2779; ESTC R23303 24,404 64

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Imported but no Trade more likely to bring us in a good proportion of Bullion then out Fishing Trades not only because in is procured by our Labour without any great Cost by Foreign Materials but being a Commodity necessary abroad for the support of Life seldom fails of Markets and ready Money which is often brought home in Speaie from many places and is also a Commodity not likely ever to go out of Request for which and because those Trades are also a Nursery for Seamen it may be found our true Interest to favour those Trades with the best Protection and Incouragement And thus the Authors Maxime Page the 38. That it is the Prudence of a State to see that Industry and Stock be not diverted from things profitable to the whole and where a Nation is a certain known gainer to be turn'd upon Objects unprofitable or new Inventions in which it cannot be determined in many years whether we get or lose or how the Ballance stands may be put in practice with all the certainty imaginable as well as by the Fishing Trades as by the Woollen Silk and Linnen Manufacture and happily upon Examination will be found more Politick then as the Author would have it applied in favour of the East-India Trade But it being supposed that the Dutch will be here again brought upon the Stage and the Liberty they give in matters of Trade and for the Exportation of Money objected against what is here argued to make one answer for all which is supposed may be satisfactory not only against all Arguments that can be derived from the Practices of the Dutch for an unlimited Freedom in Trade but as to what hath been argued or may relate to the East-India Trade also Let it be agreed that we shall live in England as Parsimonious as they do in Holland and be as Industrious in our Fishing and some other Trades that might be named as they are and that we shall not send out more Bullion to the India for the carrying on of that Trade then they do or that we shall have great Impositions upon such Foreign Commodities as may be found to be the occasion of the Exhausting of our Treasure or pernicious to our own Manufactures to secure us from such inconveniences as are feared from such Liberty then all disputes shall cease as to all Prohibitions relating to Trade But if we must not be lead nor take Example from them in Parsimony and Industry we ought not to be lead by them in making of Laws relating to the Exportation of our Coin or Prohibitions of Goods because whether such Laws be good and necessary or not depends wholly upon the Genius and Inclination of the People If Parsimonious and Industrious then no need of such Laws but if Luxurious and Idle must be Ruin'd without them and this is well known to those States where such Liberty is granted which makes them very observant of their old Customs and Fashions and very diligent and careful to keep their People to Work as may be instanced in Holland Though it may be as difficult to give a true account of the Turnings Windings Circulations Steps Degrees and Progress of Trade and Drawing and Redrawing by Exchange as to give a certain account of all the Veins Arteries Fibres Circulation of the Bloud Causes of Diseases and Motions in a Body Natural yet there are some plain Cases relating to both which may be agreed without penetrating into the pretended Misteries of either That we should send out to India about 600000 l. per Annum in Bullion though it hath been never yet made out that those Goods bring us back again in Bullion the value of 200000 l. and much of it to be there laid out to purchase Manufactured Goods to be spent in the room of our own or that we should send out Bullion to any place to buy Goods to be spent in Luxury or in the room of such as we can make by our own people or that we should Export our Wooll Raw to be Manufactured abroad when the Advantage by Manufacturing it at home would be near seven parts in Ten advantage however may agree with some Mens Interest cannot well be for the Interest of the Nation nor the best way to gain or retain Riches for no Gains made by particular Men can make a recompence for the loss the Nation will receive by having their Stock of Money Consumed and the Poor beaten out of their Imployment Sufficient Care being taken by Prohibiting or Discouraging the Consumption of such Goods as occasion the carrying out of our Coyn or Bullion and for encouraging the working of our Wooll at home no Liberty should be thought too much to be given for the carrying on of Trades by a permutation of Commodities not only by a free Exportation and Importation but without being Subject to the Payment of great Duties because will be found the best way to increase Trade and make it beneficial for though it may be difficult to give a particular account how or what gains may arise to a Nation or particular Men by every distinct Trade yet so long as carried on by the Exportation of our Products or what other Goods we may have there can be no danger of losing for the particular Traders will take care not to carry on Trades by which they do not get and such Gains made by the Collective body of Traders may properly be said to be the Gains of the Nation and Trade thus carried on may be left to take its own Course and find its own Channel and to work by Second Causes its own Way But the Author having Asserted Page 11 That it will be found at last when all things come to be rightly understood that no Plenty at Home Victory Abroad Affection of the People Conduct or Wisdom in other things can give the Publick effectual help till we mend the Condition or Posture of Trade It is hoped that as he hath obliged the Publick with his Excellent Book of Wayes and Means so if do not agree with such Notions as these that he will communicate his Thoughts how the Condition and Posture of Trade can be mended by pursuing any others and how or which way a Nation can get by Trade as long as by a Prodigal Consumption of Foreign Commodities and neglecting and discouraging of our own we take in more than we send out and then Export our Gold and Silver to pay the Ballance which will be found to be our Case whatever specious pretences may be made by those that make Profit by sending out our Gold and Silver to hide the true reason from the Nobility and Gentry whose Application of Thoughts upon these Subjects would no doubt be of great Use not only to the Publick but to their particular Interests FINIS Advertisement LAtely Published a Book Intituled A Discourse of Trade and Coyn in which most of the Notions mentioned in this Tract referring to Trade are inlarged Sold by B. Alymer at the Three Pidgeons against the Exchange in Cornhil