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SKETCH OF THE CORN LAWS.I

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SKETCH OF THE CORN LAWS. A short summary of the history of the corn laws oannot fail at this moment to prove interesting to our readers. The first Act for regulating the rates of duty was 13th Geo. 3, c. 43. Previous to the passing of that Act the statutes or orders in council on the subject, were rather dictated by circumstances such as prosperous or deficient harvests, than by any intelligible and settled principles. Usually a greater quantity of corn was grown than was required for our own consumption. When there was a scarcity the exportation of all kinds of grain was -prohibited, and even bounties offered for importations from abroad. When, on the other hand there was a glut in the country bounties were offered for its exportation. From an early period, certainly as early as the reign of Henry VI., the principle of protection to borne grown corn has been invariably maintained by our legislature. In the reign of James I. the importation of foreign wheat was prohibited when the price in the English market was below 32s. per quarter and in the reign of Charles II., when the commerce of England became more extended, it seems, a complete sliding scale was established, the duty on foreign wheat being 16s., when the price here was 53s. per quarter or under 3s. when between 53 and 80s.; and when above the last price all imports to be allowed free. The same line of policy may be traced pervading the whole of the succeeding changes in the laws until 1773, when they assumed a more constant and regular shape. By the Act of 13 Geo. III., the duty was 24s. 3d., when wheat was under 50s. per quarter, and when the price was at or above 54s., the duty was 6d. These rates seemed to have been fixed with a view of keeping the price of wheat as nearly as possible at 50s. per quarter-which, regarding the greater value of money in those days, would probably be about equal to 65a. the quarter at the present time. Shortly after the commencement of the last great war the pivot was raised, and when the price was below 63s. per quater, the duty on foreign wheat was 30s. 3d., falling to 7 d. when the price reached 66s. These duties were advanced soon afterwards, and in 1815 Mr. Robinson succeeded in passing an Act abso- lutely prohibiting the importation of foreign wheat until the price, in onr markets, had been, for three consecu- tive month-, above 80s. per quarter. Another law was passHMn 1822, prohibiting the im- portation of foreign wheat when the prices were at or under 70s. per quarter, admitting it when between 70s. and 80s. at a duty of 12tt. when between 80s. and S5s., at a duty of 5s. j and when above 85s at a duty of Is. This law, however, never came into effect, as it vas provided that its operation should be delayed until wheat rose above 80s. per quarter, which did not occur before another alteration took place. Early in 1827, Mr. Canning brought forward a series of resolutions, for the purposes of forming them into a corn-law. He proposed a sliding-scale, nearly similar to the one afterwards carried by the Wellington Ca- binet, and which remained in force until Sir Robert Peel's Bill, 1842, which now regulates the admission of foreign corn. «- —

NEW FOOD FOR THE POOR.I

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MR. LABOUCHERE ON THE CORN…

IMPORTANT TO DISSENTING MINISTERS.—…

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SHARE LIST. I

-MEETING OF PARLIAMENT.I

THE MINISTRY AND THE CORN…

CORN LAW MEETING IN THE CITY.…

THE SLAVE TRADE. I

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TO CORRESPONDENTS. .I

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CARMARTHENSHIRE.

A CONTRAST. I

.CARMARTHEN TOWN COUNCIL.I

' CARMARTHEN COUNTY COURT.I

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KIDWELLY ENCLOSURE ACT..-I