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them in about five months, they, the Company, perhaps might not be under the necessity of borrowing the one million four hundred thousand Pounds they then wanted. The quantity of Tea at that time in the Company's hands was said to be sufficient for six years consumption, and that great part of it was rotting in their warehouses. The real fact, however, was this: the Company then had sixteen and a half millions Pounds weight, not any of which had been in their warehouse more than a year and a half, and the greater part was of the last year's importation; none of it had suffered by keeping. The consumption, on the average, of the preceding five years, was eight millions per annum; so that the Company had in their Warehouses a quantity sufficient only for two years, and not six years consumption. If these sales had taken place, the price of Bohea Tea, the principal sort in demand for exportation, would have been reduced four or five Pence per pound, which probably might have increased the demand for exportation and home consumption together, even to twelve millions per annum. I am of this opinion, sir, because the four foreign East India Companies, viz: the Dutch, Danes, French, and Swedes, annually import more than eight millions, although it is well known they do not themselves consume near half that quantity; the remaining four or five millions they constantly import, for the sole purpose of smuggling it into England, Scotland, Ireland, and America. The quantity that we have exported on the average of the before mentioned five years, has been about one million four hundred thousand Pounds; but this would be greatly increased, the price being only twenty Pence, from which is to be deducted for the drawback, five per cent, which reduces it to fifteen Pence on board; and if we add to this even the fatal American three Pence, it will be only eighteen Pence. This price might, perhaps, have induced the Americans, as before, to receive the Tea from the Merchants, though not from the Company, and it would at once have put an end to all smuggling; for neither the Dutch or any other Company would think it worth their while to send Tea to America, to be sold under eighteen Pence per pound. I will not trouble the House with any observations on these facets; but I own I cannot be brought to believe that the Tea was sent to Boston to raise money for the Company, to get rid of their load of Tea, or to prevent smuggling, because each of those salutary ends might have been answered without injustice or offence to any individual. The purpose for which the Tea was sent to America, and the consequence, are evident now to every man's understanding. For these reasons amongst others, I hitherto have, and shall continue, to the utmost of my power, to support the Americans, thus injured and oppressed by the cruel and vindictive measures of an Administration, whose whole conduct breathes the spirit of persecution and Popery. HOUSE OF LORDS. THURSDAY, April 6, 1775. A Message was brought from the House of Commons, by Mr. Cooper and others, FRIDAY, April 7, 1775. The Bill entituled "An Act to restrain the Trade and Commerce of the Colonies of New-Jersey, Pennsylvania, Maryland, Virginia, and South Carolina, to Great Britain and Ireland, and the British Islands in the West Indies, under certain conditions and limitations;" was read the second time. MONDAY, April 10, 1775. The House, according to order, was adjourned dining pleasure, and put into Committee upon the Bill entituled "An Act to restrain the Trade and Commerce of the Colonies of New-Jersey, Pennsylvania, Maryland, Virginia, and South Carolina, to Great Britain, Ireland, and the British Islands in the West Indies, under certain conditions and limitations." WEDNESDAY, April 12, 1775. The Order of the Day being read, for the third reading of the Bill entituled "An Act to restrain the Trade and Commerce of the Colonies of New-Jersey, Pennsylvania, Maryland, Virginia, and South Carolina, to Great Britain, Ireland, and the British Islands in the West Indies, under certain conditions and limitations;" and for the Lords to be summoned, An Act to restrain the Trade and Commerce of the Colonies of NEW-JERSEY, PENNSYLVANIA, MARYLAND, VIRGINIA, and SOUTH CAROLINA, to GREAT BRITAIN, IRELAND, and the BRITISH Islands in the WEST INDIES, under certain conditions and limitations.
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