The Continental System An Economic Interpretation

Cover The Continental System An Economic Interpretation
The Continental System An Economic Interpretation
Eli F Eli Filip Heckscher
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In 1 81 2, for instance, Lord Castlereagh, then foreign secretary, declared that not a fifth of the licences were due to the Orders in Council ; and as it was generally considered to be equally self-evident that this trade with the enemy should be forbidden by law and encouraged in reality, the government so far had the better of the argument.
But the opposition to the licences was nourished by the looseness with which the whole thing was managed by the in- competent administrators who were at
...that time guiding the destinies of Great Britain. In one case, for instance, two licences gi^anting an otherwise refused right to import spirits were given out, according to the statement of the minister concerned, Rose, owing to a purely clerical error on the part of the official in the Board of Trade who made out the papers. One of these licences by itself was said to have brought in to the fortunate owner no less than £4, 000 ; and Baring, ' perhaps the first merchant in the Kingdom, or perhaps in the world ', declared that he would gladly pay £15, 000 for such a licence.

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