| 507,909 14 0 | 3,501,259 10 0
| 793,910 13 2 | 5,104,930 17 5
-------------------
Totals of the revolted Provinces 20,061,023 3 8
-------------------
Superiority of the Value of the Exports
to _Holland_ and _Germany_ over the
Exports to the revolted Provinces of
_America_ L. 10,233,103 7 7

[_To face Page 49._]

REMARK I.

According to the above State of the Account, the Sum Total of the Value of
the Exports to _Holland_ and _Germany_ alone, during a Period of nine
Years, exceeded that to all the [present revolted] Provinces of _North
America_, by no less than 10,234,103_l._ 7_s._ 7_d._ which is more than
ONE-THIRD of the Whole. And yet this very Period was more favourable to
_American_ Exports than any other: 1st. Because during this Period, there
was the greatest Emigration from _Europe_ to _America_, and particularly
from _Holland_ and _Germany_, that can be remembered; and each Emigrant,
if a Customer to _England_, whilst resident in _Europe_, not only swells
the _American_ Account by his Removal, but also sinks the _European_: So
that he acts in a double Capacity, by adding Weight to one Scale, and by
substracting, at least an equal, if not a greater, from the other:--2dly,
Because During this Period, the Colonists, and more especially the four
_New-England_ Governments, were preparing for a _Non-Importation_ System;
and therefore were storing their Magazines with great Quantities of Goods
to serve for many Years. This Circumstance appears on the very Face of
the Account:--And 3dly, Because the Business of Commercial PUFFING, during
this Period, was carried, by the Partizans of _America_, to a greater
Height than ever, in order to make the _American_ Trade appear to be of
much more Consequence to this Nation, than it really is.--To explain this
Artifice of Commercial _Puffing_, to such Persons, who are not conversant
in the Progress of Commercial Laws, I must beg their Attention to the
following short Narrative.--Formerly the Kings of _England_ established
certain Duties or Taxes (generally five per Cent. _ad Valorem_) both on
the Import and Export of Goods, _merely by Virtue of their own
Prerogative_; and, as it was the _universal Practice_ for every Prince to
act