Note 40 — COMMERCIAL POLICY—RUSSIA.
Reading edition
Footnote 40
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(return)
The cotton piece goods of India were still subject, in 1814, to a duty on importation equal to 85 per cent. This duty was reduced on the 5th of July 1819, but to L.67, 10s. per cent only. Finally, in 1825 the duty was again reduced to 10 per cent, at which it remains. The duty on cotton yarn imported from India was at the same time subject to a duty of 10d. per lb., and so remained till 1831 at least. It must be borne in mind, that India was the only country in the world which, before and during the rise of the cotton manufacture in Great Britain, was, or could be, an exporter of cotton fabrics and yarns.