Note D — THE PAPER CURRENCY OF ENGLAND DISPASSIONATELY CONSIDERED, &c. (continued 2)

In order to guard against misapprehension, it may be necessary to observe, that when speaking of the amount of any drain of bullion, we invariably mean the excess of the treasure exported over that imported during the given period. For example, should the efflux amount to £6,000,000 and the influx to only £2,000,000, the effect would be the same as if there had been an efflux of £4,000,000 and no simultaneous influx: we should, therefore, assign £4,000,000 and not £6,000.000, as the actual drain in such a case.