The export trade to the Colonies consists of three great branches: the African--
which, terminating almost wholly in the Colonies, must be put to the account of
their commerce,--the West Indian, and the North American. All these are so
interwoven that the attempt to separate them would tear to pieces the contexture
of the whole; and, if not entirely destroy, would very much depreciate the value
of all the parts. I therefore consider these three denominations to be, what in
effect they are, one trade. [Footnote: 15]
The trade to the Colonies, taken on the export side, at the beginning of this
century, that is, in the year 1704, stood thus:--
Exports to North America and the West Indies. L483,265
To Africa. .................................. 86,665
--------
L569,930
In the year 1772, which I take as a middle year between the highest and lowest
of those lately laid on your table, the account was as follows:--
To North America and the West Indies ...... L4,791,734
To Africa.
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