I find the consumption of tobacco in France estimated at from fifteen to thirty millions of pounds.  The most probable estimate, however, places it at twenty-four millions.

This costing eight sous the pound, delivered in

a port of France, amounts to...............9,600,000 livres.

Allow six sous a pound, as the average cost of the

different manufactures.....................7,200,000

The revenue which the King derives from this, is

something less than.......................30,000,000

Which would make the cost of the whole... 46,800,000

But it is sold to the consumers at an average of

three livres the pound....................72,000,000

There remain then for the expenses

of collection............................ 25,200,000 livres.

This is within a sixth as much as the King receives, and so gives nearly one half for collecting the other.  It would be presumption in me, a stranger, to suppose my numbers perfectly accurate.  I have taken them from the best and most disinterested authorities I could find.  Your Excellency will know how far they are wrong; and should you find them considerably wrong, yet I am persuaded you will find, after strictly correcting them, that the collection of this branch of the revenue still absorbs too much.

My apology for making these remarks will, I hope, be found in my wishes to improve the commerce between the two nations, and the interest which my own country will derive from this improvement.  The monopoly of the purchase of tobacco in France, discourages both the French and American merchant from bringing it here, and from taking in exchange the manufactures and productions of France.  It is contrary to the spirit of trade, and to the dispositions of merchants, to carry a commodity to any market where but one person is allowed to buy it, and where, of course, that person fixes its price, which the seller must receive, or reexport his commodity, at the loss of his voyage thither.  Experience accordingly shows, that they carry it to other markets, and that they take in exchange the merchandise of the place where they deliver it.  I am misinformed, if France has not been furnished from a neighboring nation with considerable quantities of tobacco, since the peace, and been obliged to pay there in coin, what might have been paid here in manufactures, had the French and American merchants bought the tobacco originally here.  I suppose, too, that the purchases made by the Farmers General, in America, are paid for chiefly in coin, which coin is also remitted directly hence to England, and makes an important part of the balance supposed to be in favor of that nation against this.  Should the Farmers General, by themselves, or by the company to whom they may commit the procuring these tobaccos from America, require, for the satisfaction of government on this head, the exportation of a proportion