Note 29 — PART III. MISCELLANEOUS MATTER CONNECTED WITH NAVAL TIMBER.

Let us compare the wealth of the British landholder with that of the like grade on the Continent. It is the unrivalled skill and industry of our manufacturers and traders which have laid every shore under contribution for the immense riches which has poured in upon our landholders, and which, from juxtaposition, will continue to do so, in a certain degree, under the fullest freedom of trade. It is now absurd to talk of duties on foreign products, to counterbalance home taxation—taxation now bears lightly on home agricultural production, more so than in many parts of the Continent, and our manufacturers, under the same or greater taxation, compete with and outstrip all the world in cheapness of production.