Reply to Mr. Bosanquet's Practical observations ... - University Library

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SECTION IV.
^ Statement, concerning the Par of Exchange, by the Bullion
Committee, examined.
Having now considered every fact, or supposed
fact, advanced by Mr. Bosanquet on the
subject of the exchange, with a view to prove
that the principle which the Committee have
avowed, namely, that the variations in the exchange
with foreign countries can never exceed
for any length of time the expence of transporting
and insuring the precious metals; having
proved the conclusion to which the writer
would lead us to be unsupported by his facts, of
which not one is, as I think, at variance with the
principle of the Committee ; I must beg leave to
point out an error in the report itself, an error
on which Mr. Bosanquet founds his opinion,
that all remedy may safely be delayed.
" Thus, then," says Mr. Bosanquet, " it appears
that, on a full admission of all the principles
adopted by the Committee, and of their
application to the present case, the foreign exchanges
were at
the time when the report was
))resented.