The Asiatic Journal and Monthly Register for British India and Its Dependencies, Vol. 14
July to December 1822 (Classic Reprint)
Description:... Excerpt from The Asiatic Journal and Monthly Register for British India and Its Dependencies, Vol. 14: July to December 1822 The consolidation and simplifying of these regulations cannot therefore be otherwise than desirable to persons engaged in foreign trade; but when it is proposed to carry reform to a ra dical point, and to abrogate those laws under which our shipping and naviga tion have grown up and flourished, it is extremely natural for those whose interests are nearly concerned in the measure, to require beforehand the most ample and satisfactory evidence that the benefits to flow from it are certain, or that it is called for by ah solute necessity. Ir is reasonable to ask why those very restrictions, to which we have hitherto ascribed our naval and commercial eminence, should now be regarded by us as impediments; and whether foreigners are at the pre sent period less able or less willing to attempt maintaining a rivalry with the British merchant The answer to this inquiry exhibits the state Of our trade in such a deplorable point of view, that I cannot believe it is not founded upon false or delusive infor mation: it is nothing less, in short, than this, that our commerce is de parting from us, and we can hope to retain even a portion Of it only by giving up, or at least greatly relaxing, our jealous prohibitory system.
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