Security of, as compared with Smith's views on, xii, 65, 68, Unproductive purposes, for, 81 Forms of, complexity and variety of, Individual's most profitable invest- ment of, in relation to national ad- Labour's interests in relation to, 39 and n. Mobility of, necessary for foreign Money attribute of, 30-31 Money fundamentally important in Profit on, requisite for employment Replacement of, out of annual pro- Wages, proportion distributed in, 126 Free trade argument from, 109-12; Reactions of, on employment and Cobden, R., quoted, on Peel's econo- Colonies, British. (For particular Affection of, for mother country, 231 Capital desired by, 248 Defence, duty of, recognised by, v, Emigration field for British popula- Expenses, not revenue, a source of, Self-government, grants of, 227, Immigration to, of many nationalities, Imperial federation scheme for, A. Method of, proposed, 240-2 Revenue for, sources of, suggested, Colonies, British, contd.- Taxation, new, requisite for, 238 North America, in (present U.S. A.)— Expenses of government in, 191 Navigation Act as affecting, 203 "Project of Empire," constituting, rather than empire, 206, 231, 236 Former, 228 and n.2, 229 Modern proposed revival of, Protective policy in, 173 n., 174, 196 Colonies, French, 190 Colonies, Greek, 188-9, 193, 211, 231, Colonies, new, causes of prosperity of, Colonies, Roman, 188-9, 193, 213, 224 Commercial union of the empire, see Imperial union-Free Trade Congo State, 183, 232 Consumers and producers, interests of— Wealth of Nations ceptions as to, 117-20 on, miscon- Foreign trade, contd.-- Export of capital a necessity for, Exports, see that title Fundamental principle of-prices of Humanity and nationality as affect- Imperial need of, 266-7 Internal free trade compatible with Limitations of, 70 Mun's England's Treasure by Foreign Nearer, more advantageous than the Varieties of, relative advantages of, Wealth of foreign nations advantage- Aix-la-Chapelle Treaty (1748), 180 Commercial Treaty with (1860), Gladstone's defence of, 124-5 War with Britain (1755-62), 180 Advantages of, needing demonstra- tion, enumerated, 133-4 Cheapness, argument for, 109-12; Foreign trade policy, variety in, Imperial union, under, see Imperial Separation of colonies accompanied Free trade, contd.- Establishment of- Complete, in Great Britain, A. Gradual approach to, A. Smith's Customs to balance excise, 160-61; extensions of prin- Infant industries, 173-4 Vested interests, 171-3 Importance of, 150, 152, 174 Home manufactures, A. Smith's Negative argument for- Differential duties, difficulties as Navigation Act (1660), a good ex- Present importance of, 150-2 United States Tariff Act (1909) a good example of, 265 n. Producers and consumers benefited Protection, difference from, one not Smith's connection with, xi - xii; his approval of, 133 Fund, A. Smith's use of term, 36-7 Germany- Agricultural protection in, 160, 174 Free trade, internal, with external Navigation Act, suggested revival of, Gladstone, W. E., export and import Foregs and social trade of com Industrial revolution in 166, 229 May's Constituivasi History of Eng- War of 1872-8, 167 Wealth of, 65, 69 Home trade- Capital's employment in- Advantages of- Investors', 2, 106 National, xi, xiii, 49-51, 57, 65, 80, 85-6, 97, 106, 198, Bounties to induce, question as to, Protective duties to induce, ques- Competition in, as modifying rise in Importance of, emphasised by A. Smith, zí, ziii, 2, 56, 268 Limitation of, 70 Monopoly of, see Monopoly Protection for, see Protection Returns of, as compared with foreign Hume, Smith's attitude towards, 12 Huskisson, 14, 158 1 Contributions to assessment of Expenditure of control of 224 Taxation scheme for, 219-22, 224 -Balance of trade" theory as to, se2 Displacement of home industry by. Duties on, see Customs and Protection value of exports as affected by Food stuffs, of, necessitated by growth Free, see Free Trade Gladstone's policy regarding (1860- 1563, 156 and ni Linen yarn, A. Smith's crucial in- Prices of, as affecting value of exports, Raw materials, of, A. Smith's views as to duties on, 122, 142 East India Company, history and Mercantilist policy in, condemned by Erroneous charge of, against A. National interests in relation to- 1 |