§ 12. That putting entirely out of view the official valuation, by a comparison with which has been shown the immense and alarming depreciation in the value of manufacturing and other property not of a fixed nature, and the consequent and ruinous pressure upon the productive and industrious classes of the community, it becomes a matter of importance to inquire, whether, during the same period, our Export trade has, in actual or real value, increased or diminished, by comparing the amount of the real value of latter years with that of former.
§ 13. That it will appear, by the same parliamentary document, that the following is the annual amount upon the respective stated averages:—
| Yearly Exports in Real Value. | ||||
| Average of Ten Years ending | Yearly Amount. | Yearly Increase. | Yearly Decrease. | |
| £. | £. | £. | ||
| 5th Jan. | 1808 | 37,135,763 | — | — |
| — | 1819 | 41,850,117 | 4,514,354 | — |
| — | 1830 | 35,517,609 | — | 6,532,500 |
§ 14. Whereby it appears, that upon an average of ten years, up to 1819, that notwithstanding the depreciation in prices before stated, the Ex-ports had increased in real amount above those of the previous ten years, above 4,500,000l. per annum, which may be considered a fair ratio with increased population. But it appears, that upon an average of the eleven subsequent years, ending on the 5th of January, 1830, compared with the previous ten years, they had decreased to the alarming extent of more than 6,250,000l. per annum, notwithstanding our greatly increased population.
§ 15. That although, for want of the returns of the two last years, they are not included, and upon which there appears to have been an increase of Exports, yet, had they been included, they would not have materially altered the average, but the decrease would have exceeded 6,000,000l. per annum.
§ 16. That the decrease of the Exports in actual amount of real value to so great an extent, as well also as an immense depreciation in value, is become the more serious, and affects more deeply the interests of the country, when it appears by parliamentary documents, that above 5,500,000l. of those Exports are in cotton yarns, and upon which amount there has been a depreciation of 3,000,000l. sterling.