M-- had formed a scheme to remedy this evil, so far as it
related to the national loss or gain, by not permitting the duty of
one penny in the pound, old subsidy, to be drawn back, on tobacco,
re-exported. He demonstrated to the ministry of that time, that so
inconsiderable a duty could not in the least diminish the demand
from abroad, which was the only circumstance to be apprehended,
and that the yearly produce of that revenue would amount to one
hundred and twenty thousand pounds, without one shilling additional
expense to the public; but the ministry having the excise scheme
then in contemplation, could think of no other till that should be
tried; and that project having miscarried, he renewed his application,
when they approved of his scheme in every particular, but discovered
a surprising backwardness to carry it into execution.
"His expectations in this quarter being disappointed, he, by
the interposition of his friends, presented a plan to the French
company, in which he set forth the advantages that would accrue to
themselves from fixing the price, and securing that sort of tobacco
which best suited the taste of the public and their manufacture;
and finally proposed to furnish them with any quantity, at the
price which they paid in the port of London.
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