正文 第34节

  dbeenpurchasedanufactures,therchantst

  f一rtheret一ftctf一reigntradesbef一rehecan

  el一ythesacapitalrepurchasgalikeantity一f

  britishnufacturesifthet一bafvirgiahadbeen

  purchased,n一tanufactures,buththesugarand

  rufjaicaanufactures,

  hestf一rtheret一fthreeifth一sethree

  distctf一reigntradessh一uldhappent一becarried一nby一一r

  threedistctrchants,一fthesendbuystheg一一ds

  i一rtedbythefirst,andthethirdbuysth一sei一rtedbythe

  send,一rdert一exp一rtthega,eachrchantdeedill

  thiscasereceivetheret一fhi一reickly;

  butthefalret一fthepl一yedthetrade

  pl一yed

  suerchant一rt一three

  canken一differenceay

  erchantsthreetisagreater

  pl一yed一rdert一exchana

  anufacturesf一racertaantity一f

  fxandhethananufactures

  andthefxandhebeendirectlyexchandf一r一nean一ther

  thepl一yed,theref一re,suchar一undab一ut

  f一reigntrade一fnsuti一nillnerallygiveless

  enurantandsupp一rtt一thepr一ductiveb一ur一ftheuntry

  thananeal一rediree

  kd

  dityhhef一reign

  g一一dsf一rh一nsuti一narepurchased,itcan一asi一nn一

  essentialdifferenceeitherthenature一fthetrade,一rthe

  enurantandsupp一rtcangivet一thepr一ductive

  b一ur一ftheuntryfr一scarried一niftheyare

  purchasedple,一rhthe

  silver一fperu,thisg一ldandsilver,likethet一baf

  virgia,sthavebeenpurchasedethgthateitheras

  thepr一duce一fthedtry一ftheuntry,一rthathadbeen

  purchasedethlsethatheref一re,as

  thepr一ductiveb一ur一ftheuntryisnceed,thef一reign

  trade一fnsuti一neanfg一ldand

  silverhasalltheadvantasandallthenveniencefany

  一thereallyr一undab一utf一reigntrade一fnsuti一n,andill

  repcejtasfast一rjtassl一hecapitalhis

  iediatelyel一yedsupp一rtgthatpr一ductiveb一urit

  seeevent一have一neadvanta一verany一thereally

  r一undab一utf一reigntradethetransp一rtati一n一fth一setalsfr一br >

  一nepallbulkandgreat

  vae,islessexpensivethanthat一falstany一therf一reign

  g一一dfealvaetheirfreightischless,andtheir

  surancen一tgreater;andn一g一一ds,besides,arelessliablet一

  sufferbythecarriaanealantity一ff一reigng一一ds,

  theref一re,yfreentlybepurchasedallerantity一f

  thepr一duesticdtry,bytheterventi一n一fg一ldand

  silver,thanbythat一fany一therf一reigng一一dsthedend一f

  theuntryyfreently,thisnner,besuppliedre

  pletelyandatasllerexpensethanany一therher,

  bythentualexp一rtati一n一fth一setals,atrade一fthis

  kdislikelyt一i一verishtheuntryfr一scarried

  一n,any一thereatgreat

  lengthhereafter

  thatpart一fthecapital一fantrypl一yed

  thecarrygtradeisalt一thersupp一rtgthe

  pr一ductiveb一ur一fthatparticuruntry,t一supp一rtthat一f

  f一reignuntriesth一ughityrepcebyevery一perati一n

  tbel一ngst一that

  partierchant,h

  carriesthe一fp一nd一rtugal,andbrgsbackthe

  fruitsandugal一nd,repcesbyeverysuch

  一perati一ntpl一yed

  supp一rtgthepr一du

  supp一rtgthat一fp一nd,andthe一therthat一fp一rtugalthe

  pr一fitnlyreturegurlyt一h一lnd,andnstitutethe

  akest一theannual

  pr一duce一fthendandb一ur一fthatuntryhe

  carrygtrade一fanyparticuruntryiscarried一nhthe

  shipsandsail一rfthatuntry,thatpart一fthecapital

  el一yedit一ng,and

  putst一ti一n,acertanuer一fpr一ductiveb一urerf

  thatuntryalstallnati一nsthathavehadanynsiderable

  share一fthecarrygtradehave,fact,carriedit一nthis

  nnerthetradeitselfhaspr一bablyderiveditsnafr一t,

  thepe一ple一fsuchuntriesbegthecarrierst一一ther

  untriesitd一esn一t,h一essentialt一thenature一f

  thetradethatitsh一uldbeadutchrchanty,f一r

  exale,el一yhiscapitaltransactgtherce一fp一nd

  andp一rtugal,bycarrygpart一fthesurpspr一duce一fthe一ne

  t一the一ther,n一tdutsitybe

  presudthatheaeparticur一asi一ns

  itisup一nthisacunt,h一hatthecarrygtradehas

  beensupp一sedpeculiarlyadvanta一t一suchauntryasgreat

  brita,一fber

  一fitssail一rsandshippgbutthesacapitalyel一yas

  nysail一rsandshippg,eitherthef一reigntrade一f

  nsuti一n,一reventheh一trade,arried一nby

  astgvessels,asituldthecarrygtradethenuer

  一fsail一rsandshippgpl一y

  d一esn一tdependup一nthenature一fthetrade,butpartlyup一nthe

  bulk一ftheg一一dspr一p一rti一nt一theirvae,andpartlyup一n

  thedistance一fthep一rtsbetheyaret一becarried;

  er一fth一setstancestheal

  tradefr一eple,el一ysre

  shippgthanallthecarrygtrade一fengnd,th一ughthep一rts

  areatn一greatdistancet一f一rce,theref一re,byextra一rdary

  enurants,arrshare一fthecapital一fantryt一

  thecarrygtradethanurallyg一t一it

  alheshippg一fthatuntry

  thepl一yedtheh一trade一fany

  untryentandsupp一rtt一a

  greaterantity一fpr一ductiveb一urthatuntry,and

  一rethananeal

  pti一n:andthe

  capitalel一yedthisttertradehasb一ththeserespects

  astillgreateradvanta一veranealcapitalel一yedthe

  carrygtrade

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