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Principles of Political Economy, Vol. 2

Note A3-2-1 — Chapter III

John J. (John Joseph) Lalor translation

Rags in Silesia dearer than in Bohemia by the full amount of the Austrian export duties (Gutachten über die Erneuerung der Handelsverträge; 1876, p. 9). When the English export-prohibitions were extended to Scotland, the price of Scotch wool fell about 50 per cent. (A. Smith, W. of N., IV, ch. 8.) In the case of foreign raw material, the reëxportation of which is prevented, the object of such prohibitions may be largely frustrated. When England, to promote its dyeing industries, left the importation of colors entirely free, but allowed their exportation only under heavy duties (8 George I., c. 15), the importers provided the market always with somewhat less than the amount required, and thus raised the price.

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