12, Now as a small attempt of a Remedy or Expedient herein, I offer rather, that instead of the Customs upon Goods shipped, every Ship that goes in or out, may pay a Tonnage, the same being collectible by a very few hands, as a matter visible to all the world; and that the said Duty be but such a part of the Fraight, as the like whereof being excinded out of the whole Consumption, would defray all the Publick Charge; which part perhaps is 4. per Cent. or thereabouts, viz. two millions per annum out of fifty.
13. The other is, that the Customs be reduced into the nature of an Ensurance-praemium, and that the same be augmented and fitted, as whereby the King may afford to ensure the goods as well against the Sea as Enemies; by which means the whole Nation for his own sake would more willingly enter and pay for whatsoever he would have ensured.
14. But it will be here objected, that although the duty of Customs be abrogated, yet that there must be almost the same number of Officers maintained as now to prevent the bringing in and carrying out of prohibited Commodities. Wherefore we shall here state the nature of such Prohibitions by two or three grand instances.
15. To prohibit the Exportation of Money, in that it is a thing almost impractable, it is almost nugatory and vain; And the danger of it resolves either into a kinde of Ensurance answerable to the danger of being seized, or unto a Surcharge of a Composition by bribing the Searchers. As for example, If but one in fifty Exportations are seized, or if twenty shillings be usually taken for coining at fifty pounds, then the Commodities bought with this Money must be sold two at least per cent the dearer to the Comsumptioner. Now if the Trade will not bear this Surcharge, then Money will not be exported with discretion. Now the use of this Prohibition, supposing it practicable, is to serve as a sumptuary Law, and to binde the Nation in general not to spend more then they get; for if we could export no Commodity of our own growth or manufacture then by prohibiting the going out of Money, it is also ipso facto commanded that nothing forreign should be brought in. Again supposing, that ordinarily we export enough to furnish us with all Forreign Commodities, but upon some extraordinary decay of our Land or hands, we are able to export but half as much as would procure our ordinary proportion of Forreign Goods, then the Prohibition of Money performs indeed the part of a sumptuary Law, in hindring us to bring in any more then half as much Forreign Commodities as we formerly used, onely it leaves it to the discretion of the Merchant, to chose which he will neglect or forbear to bring in, and which not; whereas in sumptuary Laws the State taketh this care upon themselves. As for example, If we wanted Exportations to ballance our Importations by forty thousand pounds, and suppose for examples sake, that the Importation of forty thousand pounds worth of Coffee-Berries, or the like of Spanish Wine must be retrenched; in this case, the said Prohibition of Money will do one, or some of one, and some of the other as much harm as the Merchant himself pleases: But the sumptuary Law determines, whether we shall encourage and keep fair with the Nation that sends us wine rather then that which sends us Coffee, whether the Expence of Wine or Coffee be most prejudicial to our people, etc.
16. The benefits alledged for the free Exportation of Money is merrily this, viz. that if a Ship carrying out of England forty thousand pounds worth of Cloth, might also carry with it forty thousand pounds in Money, then could the Merchant stand the stiffer upon his terms, and in fine would buy cheaper, and sell dearer; but by the way, the Merchant buyes this power with the power with the Intrest and advantage of the Money he carries, which if it amount to five pounds per cent then he had better sold his Goods at four pound per cent under rate, then to have fortified himself with Money as aforesaid. But of this more may be said, we hasten to the great point of Wool.
