Answ. Not at all: For if the Ballance of Trade shall continue after all, to our disadvantage, here’s nothing in all this matter that hinders our exporting Bullion.
But if ’tis absolutely necessary to export Bullion to make good the Ballance of Trade, then we should take the more care, not to export more than is absolutely necessary; and whilst we carry on our Trade abroad, not to let this at home be at a stand, but secure Money enough for the Nations In-land Trade, and to pay the Taxes without pretence of impossibility.
Object. VIII.
Five Millions will not be half enough for our In-land Trade.
Answ. And I am clearly of that Opinion; and that Ten Millions is little enough, or else what need had there been, to have Coin’d Fifteen Millions in three Reigns, as the most industrious Mr. Lounds hath delivered to us?
But we are providing for a present necessity and not abundance.
And yet should we Coin five Millions more, in all Ten Millions; less than 2 d. in the Pound Land-Tax, would pay Interest for all, and the Million gained out of it would save 2 s. in the Pound that Year, which is making a very good Bargain for the Government.
But you may vary the Postulata, as I said before, how you please.
Object. IX.
The new Coined Money will appear very small to the Eye.