Note 3 — II
Reading edition
Export taxes.The exports of the colony were almost entirely limited to its raw produce, which was burdened with an export duty of three per cent. Exports leaving under the Spanish flag were only taxed to the amount of one per cent.; but, as scarcely any export trade existed with Spain, and as Spanish vessels, from their high rates of freight, were excluded from the carrying trade of the world, the boon to commerce was a delusive one.3