The Consequences of this Method.
1. By this means the public would have no want of seamen, and all the charges and other inconveniences of pressing men would be prevented.
2. The intolerable oppression upon trade, from the exorbitance of wages and insolence of mariners, would be taken off.
3. The following sums of money should be paid to the office, to lie in bank as a public fund for the service of the nation, to be disposed of by order of Parliament, and not otherwise; a committee being a ways substituted in the intervals of the session to audit the accounts, and a treasury for the money, to be composed of members of the House, and to be changed every session of Parliament:
(1). Four shillings per month wages advanced by the merchants to the office for the men, more than the office pays them.
(2). In consideration of the reducing men's wages, and consequently freights, to the former prices (or near them), the owners of ships or merchants shall pay at the importation of all goods forty shillings per ton freight, to be stated upon all goods and ports in proportion; reckoning it on wine tonnage from Canaries as the standard, and on special freights in proportion to the freight formerly paid, and half the said price in times of peace.
Note.--This may well be done, and no burden; for if freights are reduced to their former prices (or near it), as they will be if wages are so too, then the merchant may well pay it: as, for instance, freight from Jamaica to London, formerly at 6 pounds 10s. per ton, now at 18 pounds and 20 pounds; from Virginia, at 5 pounds to 6 pounds 10s., now at 14 pounds, 16 pounds, and 17 pounds; from Barbadoes, at 6 pounds, now at 16 pounds; from Oporto, at 2 pounds, now at 6 pounds; and the like.
The payment of the above-said sums being a large bank for a fund, and it being supposed to be in fair hands and currently managed, the merchants shall further pay upon all goods shipped out, and shipped on board from abroad, for and from any port of this kingdom, 4 pounds per cent. on the real value, bona fide; to be sworn to if demanded. In consideration whereof the said office shall be obliged to pay and make good all losses, damages, averages, and casualties whatsoever, as fully as by the custom of assurances now is done, without any discounts, rebates, or delays whatsoever; the said 4 pounds per cent. to be stated on the voyage to the Barbadoes, and enlarged or taken off, in proportion to the voyage, by rules and laws to be printed and publicly known.
Reserving only, that then, as reason good, the said office shall have power to direct ships of all sorts, how and in what manner, and how long they shall sail with or wait for convoys; and shall have power (with limitations) to lay embargoes on ships, in order to compose fleets for the benefit of convoys.
These rules, formerly noted, to extend to all trading by sea, the coasting and home-fishing trade excepted; and for them it should be ordered -
First, for coals; the colliers being provided with men at 28s. per month, and convoys in sufficient number, and proper stations from Tynemouth Bar to the river, so as they need not go in fleets, but as wind and weather presents, run all the way under the protection of the men-of-war, who should be continually cruising from station to station, they would be able to perform their voyage, in as short time as formerly, and at as cheap pay, and consequently could afford to sell their coals at 17s. per chaldron, as well as formerly at 15s.
Wherefore there should be paid into the treasury appointed at Newcastle, by bond to be paid where they deliver, 10s. per chaldron, Newcastle measure; and the stated price at London to be 27s. per chaldron in the Pool, which is 30s. at the buyer's house; and is so far from being dear, a time of war especially, as it is cheaper than ever was known in a war; and the officers should by proclamation confine the seller to that price.
In consideration also of the charge of convoys, the ships bringing coals shall all pay 1 pound per cent.