1st. If Commissions must be paid for buying, the legal Commission in America is 5 per Centum which should be added to the Cost tho In great and Safe Business it Is sometimes done for 2½ per Centum.

2d. An Agent must also be Employed to Attend the Delivery which will be 2 per Centum. The first is only on the purchase, the last is on the selling price.

3d. The french have ever been accustomed to 4 per Centum discount for money down. After all the profit is considerable, because the fraught Insurance etc. are not advance, So that the Advance may be computed £6 for 3 months, for which the returns are the Capital, and £[illegible].

French ships are apt to Dammage Tobacco more than the English both on account of Their Construction, their manner of Stowing and Their manner of working at Sea. They will also Carry fewer hogsheads In proportion to their Burden.

Premiums [?] of Insurance will also probably rise.

The idea of Carrying on that trade by mutual passes appears Chimerical. The British Nation coud only agree to it on Condition that the ships returnd to Britain, in which Case she woud Enjoy the monopoly of that beneficial Commerce. America can have no Object in Continuing this monopoly when she is seeking a free trade.

Whatever pecuniary Interest may be Suggested to tempt her It is to be Considerd that the British Merchant will only offer what he can afford after a large profit to Himself.

Why allow Him that profit?

If that trade[?] be to be Carried on by the Public, might it not be Converted into a Supply?

Suppose for goods delivered abroad at prime Cost, Tobacco were to be deliverd at Nantes and Bordeaux at [illegible] Sols putting half the fraught on the outward Cargo the fraught of the homeward might be got for 5 or at most 6 s. per Centum.

By Employing Foreign Ships, in case They were Seizd it woud generate questions between the Captive, and Captor, then Occasion national questions, As when the Cry of a people grows strong no Governors can resist it.