W. of S., Book I, chap. vi ; vol. I. p

31. W. of N.y Book 1, chap. vu ; vol. I, pp. 60-1 : In some employmenis the saiiie quantity of industry will in difTeiTiil years produce very differeut quantiiics of commodities; while in olhei-s il will produce always the saiiie, or \ery nearly the same... Il is only the average produce of the ono species of industry which can be suitcd in any respect to the effectuai deniand. — Book I, chap. vi ; vol. I, pp. 47-8 : The merchant imporlers (of gnkl and silver), like ail other mei*chanls wc may l)elieve, endeavour as wcll as ihey can, to suit their occasional importations to what they judge is likoly to be the immédiate dcmand. With ail their attention howcver they sometimes overdo tiic business, and soraetimes underdo it. AVhcn they iiuport more bullion than is wanted, rather than incur the risk and trouble of exporting it again, they are sometimes willing to sell a part of it for soraething less than the ordinary or average price. \N'ben, on tbc other hand, they import less than is wanted, they get something more than tins price.

<Pp. 178-182) NOTKS. 339