against England, it would require ounces of silver in England to purchase a bill for ounces of silver in Holland: that ounces of silver in England, therefore, would be worth only ounces of silver in Holland, and would purchase only a proportionable quantity of Dutch goods; but that ounces of silver in Holland, on the contrary, would be worth ounces in England, and would purchase a proportionable quantity of English goods; that the English goods which were sold to Holland would be sold so much cheaper, and the Dutch goods which were sold to England so much dearer, by the difference of the exchange: that the one would draw so much less Dutch money to England, and the other so much more English money to Holland, as this difference amounted to: and that the balance of trade, therefore, would necessarily be so much more against England, and would require a greater balance of gold and silver to be exported to Holland.