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pain of forfeiting the same�察�the horses and carriages。 The

hundred next adjoining to the sea´coast�察�out of or through which

the wool is carried or exported�察�forfeits twenty pounds�察�if the

wool is under the value of ten pounds�察�and if of greater value��

then treble that value�察�together with treble costs�察�to be sued

for within the year。 The execution to be against any two of the

inhabitants�察�whom the sessions must reimburse�察�by an assessment

on the other inhabitants�察�as in the cases of robbery。 And if any

person compounds with the hundred for less than this penalty�察�he

is to be imprisoned for five years�察�and any other person may

prosecute。 These regulations take place through the whole

kingdom。

     But in the particular counties of Kent and Sussex�察�the

restrictions are still more troublesome。 Every owner of wool

within ten miles of the sea´coast must given an account in

writing�察�three days after shearing to the next officer of the

customs�察�of the number of his fleeces�察�and of the places where

they are lodged。 And before he removes any part of them he must

give the like notice of the number and weight of the fleeces�察�and

of the name and abode of the person to whom they are sold�察�and of

the place to which it is intended they should be carried。 No

person within fifteen miles of the sea�察�in the said counties�察�can

buy any wool before he enters into bond to the king that no part

of the wool which he shall so buy shall be sold by him to any

other person within fifteen miles of the sea。 If any wool is

found carrying towards the sea´side in the said counties�察�unless

it has been entered and security given as aforesaid�察�it is

forfeited�察�and the offender also forfeits three shillings for

every pound weight。 If any person lays any wool not entered as

aforesaid within fifteen miles of the sea�察�it must be seized and

forfeited�察�and if�察�after such seizure�察�any person claim the same��

he must give security to the Exchequer that if he is cast upon

trial he shall pay treble costs�察�besides all other penalties。

     When such restrictions are imposed upon the inland trade��

the coasting trade�察�we may believe�察�cannot be left very free。

Every owner of wool who carries or causes to be carried any wool

to any port or place on the seacoast�察�in order to be from thence

transported by sea to any other place or port on the coast�察�must

first cause an entry thereof to be made at the port from whence

it is intended to be conveyed�察�containing the weight�察�marks�察�and

number of the packages�察�before he brings the same within five

miles of that port�察�on pain of forfeiting the same�察�and also the

horses�察�carts�察�and other carriages�察�and also of suffering and

forfeiting as by the other laws in force against the exportation

of wool。 This law�察�however ��1st William III�察�c。 32���察�is so very

indulgent as to declare that�察 �This shall not hinder any person

from carrying his wool home from the place of shearing�察�though it

be within five miles of the sea�察�provided that in ten days after

shearing�察�and before he remove the wool�察�he do under his hand

certify to the next officer of the customs�察�the true number of

fleeces�察�and where it is housed�察�and do not remove the same��

without certifying to such officer�察�under his hand�察�his intention

so to do�察�three days before。; Bond must be given that the wool to

be carried coastways is to be landed at the particular port for

which it is entered outwards�察�and if any part of it is landed

without the presence of an officer�察�not only the forfeiture of

the wool is incurred as in other goods�察�but the usual additional

penalty of three shillings for every pound weight is likewise

incurred。

     Our woollen manufactures�察�in order to justify their demand

of such extraordinary restrictions and regulations�察�confidently

asserted that English wool was of a peculiar quality�察�superior to

that of any other country�察�that the wool of other countries could

not�察�without some mixture of it�察�be wrought up into any tolerable

manufacture�察�that fine cloth could not be made without it�察�that

England�察�therefore�察�if the exportation of it could be totally

prevented�察�could monopolize to herself almost the whole woollen

trade of the world�察�and thus�察�having no rivals�察�could sell at

what price she pleased�察�and in a short time acquire the most

incredible degree of wealth by the most advantageous balance of

trade。 This doctrine�察�like most other doctrines which are

confidently asserted by any considerable number of people�察�was��

and still continues to be�察�most implicitly believed by a much

greater number´ by almost all those who are either unacquainted

with the woollen trade�察�or who have not made particular

inquiries。 It is�察�however�察�so perfectly false that English wool

is in any respect necessary for the making of fine cloth that it

is altogether unfit for it。 Fine cloth is made altogether of

Spanish wool。 English wool cannot be even so mixed with Spanish

wool as to enter into the composition without spoiling and

degrading�察�in some degree�察�the fabric of the cloth。

     It has been shown in the foregoing part of this work that

the effect of these regulations has been to depress the price of

English wool�察�not only below what it naturally would be in the

present times�察�but very much below what it actually was in the

time of Edward III。 The price of Scots wool�察�when in consequence

of the union it became subject to the same regulations�察�is said

to have fallen about one half。 It is observed by the very

accurate and intelligent author of the Memoirs of Wool�察�the

Reverend Mr。 John Smith�察�that the price of the best English wool

in England is generally below what wool of a very inferior

quality commonly sells for in the market of Amsterdam。 To depress

the price of this commodity below what may be called its natural

and proper price was the avowed purpose of those regulations�察�and

there seems to be no doubt of their having produced the effect

that was expected from them。

     This reduction of price�察�it may perhaps be thought�察�by

discouraging the growing of wool�察�must have reduced very much the

annual produce of that commodity�察�though not below what it

formerly was�察�yet below what�察�in the present state of things�察�it

probably would have been�察�had it�察�in consequence of an open and

free market�察�been allowed to rise to the natural and proper

price。 I am�察�however�察�disposed to believe that the quantity of

the annual produce cannot have been much�察�though it may perhaps

have been a little�察�affected by these regulations。 The growing of

wool is not the chief purpose for which the sheep farmer employs

his industry and stock。 He expects his profit not so much from

the price of the fleece as from that of the carcass�察�and the

average or ordinary price of the latter must even�察�in many cases��

make up to him whatever deficiency there may be in the average or

ordinary price of the former。 It has been observed in the

foregoing part of this work that�察 �Whatever regulations tend to

sink the price�察�either of wool or of raw hides�察�below what it

naturally would be�察�must�察�in an improved and cultivated country��

have some tendency to raise the price of butcher's meat。 The

price both of the great and small cattle which are fed on

improved and cultivated land must be sufficient to pay the rent

which the landlord�察�and the profit which the farmer has reason to

expect from improved and cultivated land。 If it is not�察�they will

soon cease to feed them。 Whatever part of this price�察�therefore��

is not paid by the wool and the hide must be paid by the carcass。

The less there is paid for the one�察�the more must be paid for the

other。 In what manner this price is to be divided upon the

different parts of the beast is indifferent to the landlords and

farmers�察�provided it is all paid to them。 In an improved and

cultivated country�察�therefore�察�their interest as landlords and

farmers cannot be much affected by such regulations�察�though their

interest as consumers may by the rise in the price of

provisions。; According to this reasoning�察�therefore�察�this

degradation in the price of wool is not likel

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