An Inquiry into the Nature and Causes of the Wealth of Nations · Adam Smith
APPENDIX TO BOOK IV
If the herrings are cured in British salt, it will stand as follows viz. Bounty on each barrel brought in by the busses, as above £ 0 12 3¾ From which deduct 1s. a-barrel, paid at the time they are entered for home consumption 0 1 0 £ 0 11 3¾ But if to the bounty, the the duty on two bushel of Scotch salt, at 1s.6d. per bushel supposed to be the quantity, at a medium, used in curing each barrel, is added, viz 0 3 0 the premium for each barrel entered for home consumption will be £ 1 14 3¾ Though the loss of duties upon herrings exported cannot, perhaps, properly be considered as bounty, that upon herrings entered for home consumption certainly may. An account of the Quantity of Foreign Salt imported into Scotland, and of Scotch Salt delivered Duty-free from the Works there, for the Fishery, from the 5th. of April 1771 to the 5th. of April 1782 with the Medium of both for one Year. Foreign Salt Scotch Salt delivered PERIOD imported from the Works Bushels Bushels From 5th. April 1771 to 5th. April 1782 936,974 168,226 Medium for one year 85,159½ 15,293¼ It is to be observed, that the bushel of foreign salt weighs 48lbs., that of British weighs 56lbs. only. BOOK V. OF THE REVENUE OF THE SOVEREIGN OR COMMONWEALTH CHAPTER I. OF THE EXPENSES OF THE SOVEREIGN OR COMMONWEALTH.
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