An Essay on the Principles of Commercial Exchanges, and More Particularly of the Exchange Between Great Britain and Ireland; With an Inquiry Into the - Softcover

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1804. Excerpt: ... i. r CONTENTS OF THE FOURTH CHAPTER. i.,._,v '"-.,'.:;.'. CAUSES AND EFFECTS OF THE EXCHANGE BETWEEN GRBAT BRITAIN AND IRELAND. Proofs a posteriori of an excessive Issue of Paper having taken place in Ireland---Market Price of Bullion---Discount on Paper--Exchanges of Dub-r I'm on Lpndon, Belfast on London, and Dublin on Belfast,---Disappearance of Silver Coin--Proof (if-the Depreciation of English Paper, from a Consideration of the Exchange of Dublin on London, and Belfast on Dublin--Rates of the. Depreciation of English Paper resulting from this Calculation---Further corroborated by Facts--r Proofs a priori of the excessive Issue of Paper in..Ireland--Increase of Bank of Ireland Notes--Opinion of the Directors as to their Excess--j Issues of the Dublin Bankers--Issues of Silver. Note Bankers in the South of Ireland--Effects of the Depreciation of Paper---Who are the Losers--Who are the Gainers-Examination of the Nature of the Commerce in Exchange--Singular Principle on ivhich it is founded--Estimate of the various Rates of Profit vihich attend it. Jl'he operation of ah excessive issue of paper upon exchange, and the. reasons for presuming that such excess is not only possible, but probable in the actual situation of these countries, have been examined in the preceding chapter; in the present, I shall attempt to prove, from authenticated facts, that an excessive issue has actually taken-place in both, but. mare especially in Ireland.' „; c-. "_?:: . r „j.':.;.::' 'Jit.: The following appear to be the principal;-if pot all the symptoms of the depreciation of paper.through excess, which it is.possihle for arry country to exhibit. First, a highland permanent excess of the market price, above the mint price of bullion: secondly, an open discount...

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