Adam Smith：The Wealth of Nations, Book IV, Chapter V, Paragraph 1187

Something like a bounty upon production, however, has been granted upon some particular occasions. The tonnage bounties given to the white herring and whale fisheries may, perhaps, be considered as somewhat of this nature. They tend directly, it may be supposed, to render the goods cheaper in the home market than they otherwise would be. In other respects, their effects, it must be acknowledged, are the same as those of bounties upon exportation. By means of them, a part of the capital of the country is employed in bringing goods to market, of which the price does not repay the cost, together with the ordinary profits of stock.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book IV, Chapter V, paragraph 1187 · Verified：2026-10-19 · Verification：Exact match

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