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But though the whole expense of maintaining the fixed capital is

thus necessarily excluded from the neat revenue of the society,

it is not the same case with that of maintaining the circulating

capital. Of the four parts of which this latter capital is

composed, money, provisions, materials, and finished work, the

three last, it has already been observed, are regularly withdrawn

from it, and placed either in the fixed capital of the society,

or in their stock reserved for immediate consumption. Whatever

portion of those consumable goods is not employed in maintaining

the former, goes all to the latter, and makes a part of the neat

revenue of the society. The maintenance of those three parts of

the circulating capital, therefore, withdraws no portion of the

annual produce from the neat revenue of the society, besides what

is necessary for maintaining the fixed capital.