BILL FOR ENCOURAGING the IMPORTATION OF IRON FROM AMERICA.

Among other regulations made in the course of this session for the encouragement of the British manufactures, a large duty was laid upon Irish sail-cloth, which being sold at an under price, was found to interfere with the same species of commodity fabricated in the island of Great Britain; and, for the farther benefit of this last, the bounty upon the exportation of it, which had been deducted from a defective fund, was now made payable out of the customs. This measure, however, was not of such importance to the nation, as the act which they passed for encouraging the importation of pig and bar iron from the British colonies in North America. Every well-wisher to his country reflected with concern on the nature of the British trade with Sweden, from which kingdom the subjects of his Britannic majesty imported more iron and steel than all the other countries in Europe. For this article they paid a very great balance in ready money, which the Swedes again expended in purchasing from the French, and other mercantile powers, those necessaries and superfluities with which they might have been as cheaply furnished by Great Britain. In the meantime, the English colonies in America were restricted by severe duties from making advantage of their own produce, in exchanging their iron for such commodities as they were under the necessity of procuring from their mother country. Such restrictions was not only a cruel grievance upon our own settlements, but also attended with manifest prejudice to the interest of Great Britain, annually drained of great sums in favour of an ungrateful nation, from which no part of them returned; whereas the iron imported from America must of necessity come in exchange for our own manufactures. The commons having appointed a day for taking this affair into consideration, carefully examined into the state of the British commerce carried on with Sweden, as well as into the accounts of iron imported from the plantations of America; and a committee of the whole house having resolved, that the duties on American pig and bar iron should be removed, a bill 322 [See note 2 R, at the end of this Vol.] was brought in for that purpose, containing a clause, however, to prevent his majesty’s subjects from making steel, and establishing mills for slitting and rolling iron within the British colonies of America: this precaution being taken, that the colonists might not interfere with the manufactures of their mother country.