The Wealth of Nations by Part 1 Chapter 11 Page 162

market, it appears from the accounts of Eton College, was only L1 13s. 9 1/2d., which is nearly 6s. 3d. below the average price of the sixty-four first years of the present century. The average price of the quarter of eight bushels of middle wheat comes out, according to this account, to have been, during these ten years, only 51 6s. 8d.

Between 1741 and 1750, however, the bounty must have hindered the price of corn from falling so low in the home market as it naturally would have done. During these ten years the quantity of all sorts of grain exported, it appears from the custom-house books, amounted to no less than eight millions twenty-nine thousand one hundred and fifty-six quarters one bushel. The bounty paid for this amounted to L1,514,962 17s. 4 1/2d. In 1749 accordingly, Mr. Pelham, at that time Prime Minister,