of twenty-five shillings sterling _per_ barrel, the eighty-seven thousand
barrels exported will amount in value to one hundred and eight thousand
seven hundred and fifty pounds, at the first hand; whereto there must be
added the charge of freight, _&c._ from South Carolina to Europe, which
amount to more than the first cost of the rice, and are also gain to
Great Britain; so that the least gain upon this article for the present
year will be two hundred and twenty thousand pounds, over and above the
naval advantage of annually employing more than one hundred and sixty
ships of one hundred tons each."

"Rice being an enumerated commodity, it cannot be exported from South
Carolina without giving bond for double the value that the same shall be
landed in Great Britain, or in some of the British plantations, excepting
to the southward of Cape Finisterre, which last was permitted by a law
made in the year 1729; and the motive for such permission was, that the
rice might arrive more seasonably and in better condition at market. We
have hereunto added an account of the several quantities of rice which
have been exported from South Carolina to the different European markets
since the said law was made; and it will thereby appear, that we have not
in those ten years been able to find sale for any considerable quantity
of rice in Spain; for in all that time we have not sold above three
thousand five hundred and seventy barrels to the Spaniards, making only
three hundred and fifty-seven barrels annually upon a medium; nor can we
in the time to come expect any alteration in favour of our rice trade
there, because the Spaniards are supplied with an inferior sort of rice
from Turkey, _&c._ equally agreeable to them and a great deal cheaper
than ours; the truth whereof appears by the rice taken in a ship called
the Baltic Merchant and carried into St. Sebastians, where it was sold at
a price so much under the market rate here, or in Holland, as to
encourage the sending of it thence to Holland and Hamburgh.