Page:PettyWilliam1899EconomicWritingsVol2.djvu/258

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A Transplantation out of Ireland.
563

CHAP.IV.

How to enable the People of England and Ireland to spend 5 Millions worth of Commodities more than now: And how to raise the present Value of the Lands and Goods of Ireland from 2 to 3.

THis is to be done.1.By bringing one Million of the present 1300 Thousand of the People out of Ireland into England, tho' at the Expence of a Million of Money.
2.That the remaining 300 Thousand left behind be all Herdsmen and Dairy-Women, Servants to the Owners of the Lands and Stock Transplanted into England; all aged between 16 and 60 Years, and to quit all other Trades, but that of Cattle, and to import nothing but Salt and Tobacco. Neglecting all Housing, but what is fittest for these 300 Thousand People, and this Trade, tho' to the Loss of 2 Millions-worth of Houses. Now if a Million of People be worth 70l. per Head one with another, the whole are worth 70 Millions; then the'sd People, reckon'd as Money at 5 per Cent Interest, will yield 3 Millions and a half per Ann.
(3.)And[1] if Ireland send into England 1 Million and a half worth of Effects (receiving nothing back) Then England will be enriched from Ireland, and otherwise, 5 Millions per Ann. more than now: Which, at 20 Year's Purchase, is worth one Hundred Millions of Pounds Sterling, as was propounded. Now to prove the People thus Transplanted worth 70l. per Head: I say first, That the present Rents of all the Lands of Ireland doth not exceed 1200 Thousand Pounds per Ann. Nor does it appear, by the Civil Survey of Ireland, to have been even[2] so much before the Commotions Anno 1641. Moreover the Value of all the Stock of Ireland exceeds not 6 Millions; the Interest whereof, at 10 per Cent, is

  1. 'And' inserted by Petty.
  2. 'even' inserted by Petty. In the Polit. Anat., p. 152 he estimates the fee simple of Irish lands in 1641 at "above 8 millions."