The Committee of the
House of Commons, in their Report on the Coal Trade, state that,
'Under the regulations contained in this Act, if more ships
enter into the trade than can be profitablv employed in it, the
loss produced by detention in port, and waiting for a cargo.
which must consequently take place, instead of falling, as it
naturally would, upon particular ships, and forcing them from the
trade, is now divided evenly amongst them; and the loss thus
created is shared by the whole number.' Report, p. 6.
297. It is not pretended, in this short view, to trace out all
the effects or remedies of over-manufacturing; the subject is
difficult, and, unlike some of the questions already treated,
requires a combined view of the relative influence of many
concurring causes.
NOTES:
1. The average price per ton of pig iron, bar iron, and coal,
together with the price paid for labour at the works, for a long
series of years, would be very valuable, and I shall feel much
indebted to anyone who will favour me with it for any, even
short, period.
2. The accurate proportions are, by measure, oxygen 21, azote 79.
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