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As it may easily be supposed, the engagement of giving no more licenses of exportation has been the principal basis on which the companies have relied to make their contracts, and the principal inducement for them to advance the rent as they have done.
Lastly, the dried crop is packed in bags, covered with mats, and is then ready for exportation. The traffic began about 1835 with an export of only 1,275 lbs.; and between 1850 and 1860 the lb. was worth at least ten francs. During the rage of the oidium the cultivation was profitable and raised the Canaries high in the scale of material prosperity.
Hankey, published in the 'Times' an elaborate letter, saying again that one-third of the liabilities were, even in these altered times, a sufficient reserve for the Banking Department of the Bank of England, and that it was no part of the business of the Bank to keep a supply of 'bullion for exportation, which was exactly the most mischievous doctrine that could be maintained when the Banking Department of the Bank of England had become the only great repository in Europe where gold could at once be obtained, and when, therefore, a far greater store of bullion ought to be kept than at any former period.
Several of the other duties, too which were imposed either at the same time or subsequent to the old subsidy, what is called the additional duty, the new subsidy, the one-third and two-thirds subsidies, the impost 1692, the tonnage on wine, were allowed to be wholly drawn back upon exportation.
The new exportation will cease; trade will revert to its old channels, the money which flowed in will again flow out, and the country which invented the process will lose that increase of its gain by trade, which it had derived from the discovery. Now the exportation of machinery comes within the case which we have just described.
The muskets also were of a very inferior description. Both they and the cartridges were of English make; the former being stamped Birmingham, and the latter having the name of an English powder manufactory, with the significant addition, "for exportation." Under these circumstances, we had nothing to do but let the Mexicans run.
But the principal iron mines worked by that people were those which were most conveniently situated for purposes of exportation, more especially in the southern counties and on the borders of Wales.
These branches of colonial industry are of comparatively little importance; and the proximity of the United States and Guatimala renders competition almost impossible. The state of Salvador, belonging to the Confederation of Central America, now throws 12,000 tercios annually, or 1,800,000 pounds of indigo into trade; an exportation which amounts to more than 2,000,000 piastres.
There is not time or opportunity for such a process at Porkopolis, and the first notification which the inhabitants receive of the massacre is the thousand barrels of pork on the quays, ready to be conveyed to the Atlantic cities, for exportation to the European markets.
He repeats that several of the countries of Europe have taken precautions to secure a sufficiency of food for their people. He goes into a history of what the English Government had done on former occasions, when a scarcity of food was imminent, admitting that, while, in 1793, it opened the ports for food supplies, it also prohibited their exportation.
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