that the petitioners had fully proved the allegations in their petition, and recommended the assize of bread should be set by the price of flour; and it appears that a bill was brought in accordingly, but the House did not proceed therein; the 31st Geo. II, in part provided for this object, for it is therein directed generally, that 20 peck loaves are to be made and sold from a sack of 280lbs. of flour; and by this direction it appears the Magistrates of the City of London proceeded to fix the price of bread, and from that time but little reference has been had to the price of wheat. Still, however, the directions were only general, until the 37th of the King provided a regular table for the purpose, calculated upon the same principle as was laid down in the former Act; and here it is to be observed, that no advantage bread was intended to be allowed to the baker, it having been assumed that 20 peck loaves is the whole quantity which can be made from a sack of flour, though your Committee were informed by several witnesses whom they examined, that a larger quantity is almost always made from it; by this table a money allowance of 11s. Sd. per sack was made to the baker, which has been subsequently increased to 14s. 1d.

The wheat table differs but little from that in the preceding Act, though it has been calculated on the principle that seven bushels and a half of wheat are equal to the price of a sack of flour, and not as it ought to have been, on the quantity of bread which could be obtained from a quarter of wheat; but the result is, that the quantity of 365lbs. of bread in the table of 31st Geo. II. is increased to 371lbs. ; by which alteration the advantage bread is reduced to 49lbs. and the two loaves originally granted; in addition to this there is a money allowance of 14s. per quarter, which has since been increased to 16s. 9d.; and your Committee beg

leave to point out that this sum amounts to more than 8d. on a peck loaf, whereas the money allowance on a sack of flour is less than that amount; the larger allowance being intended to cover the charges of grinding, whilst the amount of the surplus bread would seem to have escaped notice; by either of these tables, though constructed on such widely different principles, the magistrates may fix the price of bread; but as the value of the allowance in the one is so much larger than in the other, the price of bread by the one could not fail to be greater than by the other, if the charges for converting wheat into flour bore the same proportion to the price of a quarter of wheat, which for many centuries they continued to do in this country; and on this part of the subject, your Committee could not help observing with surprise, that the price of bread as actually set by the flour table, was nearly as high, and sometimes actually higher, than it would have been, if set by the wheat table.

With a view to ascertain the cause of this unexpected operation of the law, your Committee proceeded to examine the mode in which the returns of flour and of wheat are now obtained; and with regard to the first, they found, that instead of the mode which has been before pointed out, the bakers are now directed to make weekly returns upon oath, to the Cocket Office, of all flour and meal which shall have respectively been bought by them during the week preceding; and the price of bread depends entirely on the average of these returns, as they must be acted on as true without they can be proved to be false, whenever the price of bread is set by the flour table.

The prices of wheat, on the other hand, are returned by the sellers of it; all corn factors and dealers being directed to return, to the Mealweighers of the City of London, an account of all corn sold by them; and your Committee

on examination were led to conclude that these last returns are correctly made.

It appears respecting flour, that a small portion only of what is included in the bakers' returns is bought and sold in public market, and that the full-priced bakers are very little in the habit of attending the flour market, or of endeavouring to purchase flour at the lowest price; that they are, for the most part, persons in needy circumstances, largely indebted to the millers and flour factors with whom they deal, and in consequence are under the necessity of receiving flour from them at the price they think fit to put upon it, provided only that the flour is of the best quality, and the price not higher than that which is returned as the ge neral price of the week to the Lord Mayor; though it appears by the evidence, that it can at all times be pur chased for ready money or on short credit, for a less price than the bakers are content to take it at.

That your Committee in searching for the causes of this unusual state of the flour trade, could not fail to observe, that the peculiar operation of the assize makes the price of bread exactly to depend upon, and to vary with, the returne ed prices of flour, and by so doing prevents the bakers (taking them as a trade collectively) from having any direct interest in the price at which they purchase flour; whatever price they give for it per sack, that price is to be returned to them for eighty quartern loaves; if the price of flour is reduced, a simultaneous and exactly corresponding decrease in the price of bread, prevents the bakers from deriving the smallest advantage by it; but if it is raised, then a similar increase on the price of bread prevents them from being exposed to the smallest loss; equally whether the price is low or high they obtain 14s. 1d. per sack for their expenses in baking, and if 80 quartern loaves was the precise quantity

of bread they could at all times make from a sack of flour, they would have no interest whatever in its general price, either one way or another; but the surplus bread, whatever may be its amount which they can make above that quantity (and it is stated by various persons to average from two to four loaves,) is to them a profit in kind, the value of which must necessarily increase with the price of bread; and as the high price of flour which occasions this increase, is in no other respect disadvantageous to the bakers, they have, as far as it goes, an obvious interest in the high price of flour; and it is the operation of this principle to which your Committee attribute the indifference about the price, as well as the anxiety about the quality, of flour, for the best flour will always make more bread, as well as whiter bread; and where the price by the Assize is uniform, the seller has no mode of seeking for better custom but by offering a whiter loaf than his neighbour.

With regard to the sellers of flour, your Committee find that they are eager to dispose of it at the high prices returned to the Lord Mayor; but that in order to do so, it seems they must be content to sell on long and doubtful credit, and, many of them have recourse to becoming proprietors of bakehouses, and carrying on the baking trade on their own account by means of journeymen, to obtaining leases of bakers' houses, encouraging journeymen to set up for themselves, and to giving large sums for the good-will of bakers' houses. The frequency of these practices has in some measure divided the trade, as those who incur the risks attendant thereon, expect and obtain the high price which they agree amongst one another to charge for flour, whilst others who sell for money in a regular way, are contented with a lower price, and latterly it has led to the establishment of numerous shops in which bread is sold below the

assize price; and your Committee are informed, that these shops are enabled to go on chiefly by the low price at which flour is to be bought by persons with capital, though some of them appear to derive advantage from selling for ready money only.

And your Committee beg leave to point out, that the high prices which are returned to the Cocket Office, are further influenced by the following circumstances:-

First. That it is the practice of some bakers to return their purchases of flour at a full credit price, though they subsequently obtain an allowance for prompt payment in the shape of discount.

Secondly. That much flour is returned at a higher price than that at which it was purchased.

Thirdly. That much low-priced flour is omitted in the returns altogether.

That your Committee, for the foregoing reasons, being led to believe that the assize price of bread in London is higher than if no Assize had ever existed, were further confirmed in that opinion by information which they procured from Manchester, Birmingham, Newcastle, Bath, and Lewes, in which places they were informed no Assize was set; and they found in all of them the prices both of Flour and Bread have been lower than in London, though it does not appear that Wheat has been cheaper: but on this head your Committee beg leave to refer to the statements in the Appendix, (No. 8.)

Your Committee then thought it their duty to consider how far it might be possible to frame an Assize law, the operation of which should be free from the foregoing objections ; and with regard to the first and main objection, namely; That under an Assize it is of no importance to the Bakers whether the price of Flour is low or high, your