392
PEEL'S SCALE.
July 12 | 48s. 10d. |
July„ 19 | 50s. |
July„ 26 | 51s. 7.d. |
August 2 | 53s. 3d. |
Making the aggregate average of the six weeks 49s. 11d. so that by Peel's bill of 1842, which, according to its author, had not yet bad a sufficient trial, there could not be imported a single quarter of wheat, without the payment of a duty of twenty shillings. I subjoin his scale to show by what a slow process the duty would be reduced until it Ceased when a famine price should be reached, and place beside it Wellington's scale of 1828:—
Market price in shillings per quarter. |
Wellington's scale, 1828. |
Peel's scale, 1842. |
73s. | 1s, 0d. | 1s. |
72s. | 2s. 8d. | 2s. |
71s. | 4s, 8d. | 3s. |
70s. | 10s. 8d. | 4s. |
69s. | 13s. 8d. | 5s. |
68s. | 16s. 8d. | 5s. |
67s. | 18s. 8d. | 5s |
66s. | 20s. 8d. | 6s. |
65s. | 21s, 8d. | 7s. |
64s. | 22s. 8d. | 8s. |
63s | 23s. 8d. | 9s. |
62s. | 24s. 8d. | 10s. |
61s | 25s. 8d. | 11s. |
60s. | 26s, 8d. | 12s. |
59s. | 27s. 8d. | 13s. |
58s. | 28s. 8d. | 14s. |
57s | 29s. 8d. | 15s. |
56s. | 30s. 8d. | 16s. |
55s. | 31s. 8d. | 17s. |
54s. | 32s. 8d. | 17s. |
53s. | 33s. 8d. | 17s, |
52s, | 33s. 8d. | 18s. |
51s. | 33s, 8d, | 20s. |
All under | 33s. 8d. | 20s. |
When parliament was prorogued Peel was in effect saying: "You can now under my act import wheat at a duty of