Investing · Western classics
Adam Smith:The Wealth of Nations, Book IV, Chapter V, Paragraph 1235
Adam Smith《The Wealth of Nations》· Book IV, Chapter V · Investing
By the 22d of Charles II. c. 13, the importation of wheat, whenever the price in the home market did not exceed 53s:4d. the quarter, was subjected to a duty of 16s. the quarter; and to a duty of 8s. whenever the price did not exceed £4. The former of these two prices has, for more than a century past, taken place only in times of very great scarcity; and the latter has, so far as I know, not taken place at all. Yet, till wheat has risen above this latter price, it was, by this statute, subjected to a very high duty; and, till it had risen above the former, to a duty which amounted to a prohibition. The importation of other sorts of grain was restrained at rates and by duties, in proportion to the value of the grain, almost equally high. Before the 13th of the present king, the following were the duties payable upon the importation of the different sorts of grain:
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Locator:Book IV, Chapter V, paragraph 1235 · Verified:2026-10-19 · Verification:Exact match
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