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Writing: A Remedy for the Country

A Remedy for the Country, § 37

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§ 37

Fifth, because our high exchange rate has also inevitably arisen from the presence of many remitters and few drawers, and the reason for that is clearly to be found in our recent commercial regulations, it would be necessary to reduce the number of the former and increase that of the latter.

For that reason, all retail traders, grocers, manufacturers and craftsmen who need to import some commodities and raw materials, as well as noblemen and other persons of rank, ought to be permitted, under the Commercial Ordinance of 22 March 1673, § 5, to export and import commodities, either wholesale, individually or in companies and on commission and a few also to trade in bills of exchange, fit out ships and so forth.

These are the few and simple means that will undoubtedly, without artificial and expensive measures and great trouble, improve the decayed financial system of the country. Their equity can hardly be disputed, and their execution is as simple as the proposals themselves.

 

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