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The Virginia Gazette
Williamsburg, Virginia
What is this article about?
Account of Scotch trade with Virginia and Maryland from Christmas 1770 to 1773, showing exports, imports, and annual balances favoring Scotland by an average of 278,830l. 10s., plus a standing debt of at least one million sterling in 1775. Calls for patriots to address oppressive commerce.
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EXPORTS to Virginia in 1771, 250,401l. 10s. 1d. Do. in 1772, 170,912l. 18s. 9d. Do. in 1773, 144,635l. 8s. 10d.
Exports to Maryland in 1771, 52,997l. 0s. 2d. Do. in 1772, 50,747l. 15s. 2d. Do. in 1773, 15,887l. 7s. 4d.
Total exports in the year 1771 from Virginia and Maryland, 303,401l. 10s. 3d. Do. in 1772, 221,660l. 13s. 11d. Do. in 1773, 160,523l. 16s. 2d.
IMPORTS from Virginia in 1771, 423,104l. 17s. 5d. Do. in 1772, 385,555l. 15s. 3d. Do. in 1773, 374,248l. 3s. 5d.
Imports from Maryland in 1771, 125,423l. 13s. 7d. Do. in 1772, 120,516l. 15s. 0d. Do. in 1773, 91,232l. 4s. 10d.
Total imports in the year 1771 from Virginia and Maryland, 548,528l. 11s. 0d. Do. in 1772, 506,072l. 10s. 3d. Do. in 1773, 465,475l. 8s. 3d.
BALANCE gained to Scotland annually, besides the standing debt due from these colonies, in 1771, 245,128l. 0s. 7d. Do. in 1772, 286,411l. 16s. 4d. Do. in 1773, 304,951l. 12s. 1d.
AVERAGE gained to Scotland per annum for these three years, 278,830l. 10s.
As it is well known that no money was ever sent from Scotland to Virginia or Maryland, nor any remittance to either of those colonies made from Scotland, by a circuitous commerce, since the exportations from London on account of the Scotch merchants are fully paid for in general, by importations immediately to London from those colonies, it is fair to conclude that 278,830l. 10s. by which the imports exceed the exports on an average annually for the three years as above stated, is all clear gain to Scotland, besides the standing debt due from these two colonies, which at this time, anno 1775, is computed at one million sterling at least. This enormous profit of above 100 per cent. sterling, actually received, exclusive of the remaining debts, shows at how extravagant an advance the Scotch goods must be sold to the planters, and readily accounts for the sudden transition, so frequently seen, of a Scotch factor, not worth a groat, into a merchant of self-great importance. How incumbent is it on every patriot in these two colonies to exert his strongest efforts for rectifying this oppressive commerce?
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Domestic News Details
Primary Location
Virginia And Maryland
Event Date
Christmas 1770 To Christmas 1773, Laid Before Parliament 1775
Outcome
average annual gain to scotland of 278,830l. 10s., plus standing debt of at least one million sterling; imports exceed exports by over 100 per cent.
Event Details
Detailed records of Scotch exports to and imports from Virginia and Maryland for 1771-1773, showing favorable trade balance for Scotland and critiquing the oppressive commerce impacting colonial planters.