A Calculate of TOBACCO Imported in the Port of London, with the respective Losses of Custom.

THE TOBACCO Imported from the Fifth of November, 1688. to the Thirtieth of Novem­ber, 1693. was (viz.) for the Year 1689 14392635  
  1690 12638027  
  1691 14830503  
  1692 13423464  
  1693 19866048  
Total Imported in Five Years 75150677 at 5 d. per l. Duty 1565639 02 01
The Medium for One Year is 15030135⅔ 313127 16 05
If two Thirds of all Imported be again Ex­ported, the remainder to be consumed at home is 5010045 which comes to 104375 18 09½
If 1/10th be smuggled that pays no Duty, the Duty comes to   31312 15 07½
If the Damage allowed that pays no Duty be consumed with the sound, it hinders the con­sumption of so much as would, which if but 1/14th part, that is 10735811/14 and comes to 22366 05 05
If the Stalks are ⅕ of what is consumed, they hinder the consumption of so much, that is 1002009 and comes to 20875 03 09
The burning the Stalks, will occasion the Im­portation of ⅓ more of Tobacco in Stalk than they amounted to, which for 1002009 is 1202410, which makes in money 25050 l. 4 s. 2 d. and encreases the Revenue 1202410 4175 00 09
But if the Damage be shipt off by Certificate, and draw back 4½ d. per Pound, there will be defrauded 4½ d. for every such Pound, the prevention whereof will improve the Revenue 9/10th of 22366 l. 5 s. 5 d. which comes to   20130 04 06
If the Damage be re landed, and shipt off again, as is too frequently practised, it draws the same Sum Toties Quoties    
If the Stalks are spun into Roll, and Exported to draw back by Debenture, the loss to the Revenue thereby comes to 9/10ths   22545 00 00
Besides, the Advantage which will be gained by Importing in Hogsheads, Casks and Bundles, as proposed   50000
And what will be saved by the Draw-back from Guernsey, &c.   25000
  Total 196404 l. 10 s. ½

This Calculation is only for the Port of LONDON.

This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This text is available for reuse, according to the terms of Creative Commons 0 1.0 Universal licence. The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission.