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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A07594 The circle of commerce. Or The ballance of trade in defence of free trade: opposed to Malynes little fish and his great whale, and poized against them in the scale. Wherein also, exchanges in generall are considered: and therein the whole trade of this kingdome with forraine countries, is digested into a ballance of trade, for the benefite of the publique. Necessary for the present and future times. By E.M. merchant. Misselden, Edward, fl. 1608-1654. 1623 (1623) STC 17985; ESTC S121074 74,584 148

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being also due to this Kingdome must needs come in in treasure to ballance and make euen the thousand pounds at first sent out Which of necessity must either come in in mony or merchandize if not in mony then in merchandize if not in merchandize then in mony and consequently the more come's in in mony the lesse in merchandize and the lesse in merchandize the more in mony But if this Kingdome shall receiue in twelue hundred pounds in value of the forraine Commodities of other Kingdomes for the thousand pounds sent out then it is manifest that this Kingdome spendeth more of the forraine then other Kingdomes doe spend of our Natiue Commodities by two hundred pounds in the value of one thousand pounds whereby this Kingdome is become so much in debt to those forraine Kingdomes which of necessity must goe out from hence in treasure to satisfie that which was brought in more then that which was carried out And this experiment is therefore called The Ballance of Trade Which you may yet more illustrate if you consider the Forme and the End thereof In the One there 's a Quo modo In the Other there 's a Cui bono How it may bee done in the One Why it may be done in the Other There 's a benefit in both and both within the Circle of Commerce Wee will therefore consider this Forme first Comparatiuè §. 29. The Comparatiue forme of the Ballance and then Positiuè In the former wee will compare and conferre together some Formes of Former and Later times In the other wee will collect the state of the Present time and digest the same into a Ballance of Trade The Comparison shall bee of two precedent Formes which I haue found out Whereby it may appeare that this Ballance of the Kingdomes trade is no conceit or Nouelty but hath been the wisdome and policy euen of elder times to make a priuy search and strict enquiry by this kinde of scrutiny into the state of times and trades The former of these Precedents shal be an ancient Ballance of Trade which is said to bee found vpon Record in the Exchequer in the eight and twentieth yeere of Edward the third In the Manuscript before mentioned in P. 18. thereof in this forme following Viz.   li. sh d. One and thirty thousand six hundred fifty one sacks and a halfe of Wooll at six pounds value each sack amount to L 189909.00.00 195982. 01. 08 Three thousand thirty six hundred sixty fiue Fels at forty shillings value each hundred of six score amount to L 006073.01.08 Whereof the Custome amount's to 081624. 01. 01 Fourteen Last seuenteen dicker fiue hydes of leather after six pounds value the last 000089. 05. 00 Whereof the Custome amount's to 000006. 17. 06 Foure thousand seuen hundred seuenty foure Clothes and a halfe after forty shillings value the Cloth is L 9549.00.0 016266. 18. 04 Eight thousand sixty one peeces a halfe of worsted after sixteen shillings eight pence value the peece L 6717.18.4 Whereof the Custome amount's to 000215. 13. 07 Summa of the Out-carried Commodities in value Custom amounteth to 294184. 17. 02   li. sh d. One thousand eight hūdred thirty two Clothes after six pounds value the cloth 010992. 00. 00 Whereof the Custome amount's to 000091. 12. 00 Three hundred ninety seuen quintals and three quarters of waxe after forty shillings value the hundred or quintall 000795. 10. 00 Whereof the Custome is 000019. 17. 05 One thousand eight hundred twenty nine Tunnes and a halfe of Wine after forty shillings value the Tun amoū'ts to 003659. 00. 00 Whereof the Custome is 000182. 19. 00 Linnen Cloth Mercery and Grocery wares all other manner of merchādize 022943. 06. 10 Whereof the Custome is 000285. 18. 03 Somma of the In-brought Commodities in value and Custome is 038970. 03. 06 Somma of the In-plusage of the Out-carried aboue the In-brought Commodities amountch to 255214. 13. 08 The other shall be of a Ballance of trade of fresher memory §. 30. made in the eleuenth yeere of the raigne of our Soueraigne Lord the King by order of the right Honourable the Lords of his Maiesties most Honourable Priuy Counsell vpon the motion of the now right honble The Earle of Middlesex Lord Treasurer of England It was made in this forme viz. Merchandize Exported from Christmas An. 1612. to Christmas An. 1613.   li. sh d. Custome of the Port of London 061322. 16. 07 Custome of the Out-Ports 025471. 19. 07 Wrappers being the tenth Cloth Bay and Cotton 007000. 00. 00 Fish of our owne fishing and freed from Custome by statute 007000. 00. 00 Forraine Goods Imported and Exported again free of Custome by Priuy Seale 003737. 04. 05 The Totall of the Custome 104532. 00. 07 The which is the twentieth part of Goods Exported and being multiplied by twenty produceth the value of all the Exportations to be 2090640. 11. 08 The Custome of these Goods amounts to 0086794. 16. 02 The Impost paid Out-wards 0010000. 00. 00 The Merchants Gaines fraight and other petty Charges here and abroad 0300000. 00. 00 The Totall of all the Exportations 2487435. 07. 10 Merchandize Imported from Christmas An. 1612. to Christmas An. 1613.   li. sh d. Custome of the Port of London 048250. 01. 09 Custome of the Out-ports 013030. 09. 09 Custome of the Silks 015477. 00. 00 Custome of Venice Go●d and Siluer 000700. 00. 00 Custome of French Wines 002000. 00. 00 Custome of Spanish Wines 001200. 00. 00 Allowance of 5. per Cento 004000. 00. 00 To bee added for the vnderrating of Silkes one third part of that they cost valued at 12000. pounds 004000. 00. 00 To bee added for the vnderrating of Wines two third parts of that they cost 006400. 00. 00 To be added for the vnderrating of Linnen and other Merchandize one third per Cento for 36000. pounds 012000. 00. 00 The Totall of the Custome 107057. 11. 06 The which is the twentieth part of the Goods Imported and being multiplied by twenty produceth the value of all the Importations to be 2141151. 10. 00 The totall of all the Exportations is 2487435. 07. 10 The totall of all the Importations is 2141151. 10. 00 So there remaines more caried out then is brought in this yeere the Summe of 0346283. 17. 10 In the Comparison of Those ancient §. 31. with These moderne times there 's as great a difference as there 's a distance betweene them For in the Former there 's an Example beyond Example a great Exportation a small Importation In the Latter the Exportation the Importation are very great in both In the Former the forraine Commodities haue little place or price In the Latter the farre fetch 't and deare bought are brought in price and vse A great deale of Policy frugality may bee seene in the One much prodigality superfluity may bee found in the Other Yet in this latter because we had the cast of the Ballance and that