ON THE

TRANSMISSION OF THE PRECIOUS METALS
FROM COUNTRY TO COUNTRY

AND THE

MERCANTILE THEORY OF WEALTH,

DELIVERED

BEFORE THE UNIVERSITY OF OXFORD, IN JUNE, 1827.

BY

NASSAU WILLIAM SENIOR,

LATF FELLOW OF MAGDALEN COLLEGE, A.M., PROFESSOR OF

POLITICAL ECONOMY.

He shewed me a very excellent argument to prove that our importing less
than we export do not impoverish the kingdom, which, though it be a paradox,
and that I do not remember the argument, yet methought there was a great deal
in what he said."- Pepys's Memoirs, vol. i. p. 284.

LONDON:

JOHN MURRAY, ALBEMARLE STREET.

MDCCCXXVIII.

ADVERTISEMENT.

THE Statute by which the Professorship of Political Economy is founded, requires the Professor to publish a Lecture every year. In compliance with this requisition I have selected from the course delivered in June, 1827, the portion which appeared to me least unfit for separate publication. As a fragment it is necessarily imperfect. My apology for presenting it to the Public is the necessity imposed on me by the Statute.

MAGDALEN COLlege,

March 20, 1828.

N. W. SENIOR.