Draft memoranda on legislation under Queen Anne relating to duty on foreign trade

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By the statute of 2 Ann c 9, it is enacted that out of the duties value by the candle of certain East India goods the dueties payable for upon those goods & the allowances for prompt payments & warehouse room shall be subducted & upon the cle{illeg}ar value wch remains to the merchant a d those duties {illeg}shall be laid wch were formerly laid upon the value of the same good stated by oath. Theis {illeg}Act was made to remedy the undervaluing of the goods isupon Oath.

The duties payable upon the value by oath amounted to 35li 2s 9d per Cent. AndNow itIf the by the duties payable in the said statute of 2 Ann c. 9 be understood duties wch are laid byof Acts of Parliament & are actually to be paid, be understood they will amount to 14li 5s pr 95li 233li 5s. 11d pr cent wch being subducted from the value by the candle leave 66. 14. 1 pr cent And the allowance for fprompt payment & warehouse room being also subducted leave amounting to 12. 10 pr cent being also supducted our leave 54. 4. 1 pr cent the clear value to the Merchant.

The duties by th{illeg}e candle value of these goods stated upon oath amount unto 35li 2s. 09d per cent & after this rate per cent the duty & would be the undervaluing of the goods upon oath would have been very small. But upon the clear value of54. 4. 1d this amounts unto {illeg}19li. 00s. 11d per cent w{illeg}hich added to {illeg}14. {illeg}5. a per cent another duty laid upon the value of the same goods by the candle, made the whole duty payable 33. 5. 11 per cent as above.

Quære. Whether by the d{illeg}uties payable are to be understood such duties as are payable by the Acts of Parliament and are P{illeg} actually to be paid as has been explained above, or some other imaginary duties wch are not imposed by any Acts of Parliament nor are ever to be paid