THE FRIEND OF CHINA AND HONGKONG GAZETTE.
balance of the six millions we may add was principally extorted Merchants.
Capitula tion the Mandarins, to maintain the
which has li
At the time Hong |
119
may soon be expunged from the nomenclature of legislation. Its legislative application is not to Commere but to Women and Children,
We see the Western Bank of India (which joint stock speculation has recently been started) is now fairly agoing. Some time since the original Bank on the plea of redundant Capital petitioned the Governor General in Council, for leave to open a
Our Island, as a British Colony, will experience of deception which
branch establishment at Calcutta and was refused systein; and our enterprising community will not many of the alleged advantages of the Protective tained, officially informed the Emperor, Seeing this, we are at a loss to conjecture the roube slow in taking full advantage thereof. It will that the piratical proceedings of the Engay, happen the regulations of the first wore valing disadvantages, attendant on this false sys-
son of another Bank being founded. lish barbarians had so crippled trade that to
enjoy these immunities with less of the counter- avert greater calamities they had been ringent for the due circulation of its Capital, tem, which are severely felt by most other colonies: compelled to advance this amount to the
if so the existence of another similar establishment notwithstanding this we are yet sure our intelli- may be ne Hong merchants. Vide our Translation
trast po sion too necessitated.
the circulation of Bombay may be the re- privileges, if they were to be purchased at the ungeen expan- gent merchants, would unanimously reject all such in No. 19.
and if as is said a branch is to be planted on our Island, we hope the conduct of it will be mark viz, A FREE PORT.
sacrifice of the inestimable boon, we now possess,
Payment being now pressed by his Im-ed by the greatest care and circumspection, as perial Majesty, the Mandarins from persist-
Care
money a power of almost unlimited issue would be
ing in her ch driven to /ould the Chinese once take (as they would) paper
apply to Hong
sum
||
Export of Tes to Great Britain from lat Oct. 1840
230,762
Nay more, created, which would be liable to be most grossly to 30th September 1841. we are assured, they threaten to compel abused." this payment in addition to the of Ricardo well remarked that no government or $ 3,000.000 which they allege was required institution, which had the power to issue paper mo Congou 21,651,991,
Bohea ney but what had abused it. Those most acquainted Caper by H. E. the Plenipotentiary at Nanking with the Chinese assert, but a few in payment of the debts of insolvent. Hong elapse, (after the establishment of a Bank) when years would merchants. Experience warrants us in it would be found that many millions of paper saying the Hong merchants have been more money would be circulated or absorbed, if the na- sinned against than sinning.
tives were once satisfied of its convertibility into Silver, on demand.
Their monopoly has been more benefi cial to the Mandarins than themselves.
SIR ROBERT PEEL has done himself much hon- our by his manly avowal, that he will not consent to the introduction of any measure, which would impose a differential duty, in favour of Assam Tea.
We yield to none in our attachment to the true strength,glory and pride of Britain; its ships, colonies and commerce. We can however, as Dr. Franklin
044 048 Souchong, 640 298
Hong Moi 127,769 Sorts
Pekoe
126,450
Twankay Flyson
2,298,034
1,400,774
Hyson Skin Young Hyson
190,052
1,163,976
Gunpowder
1,041.290
Imperial
420,334
319,217
Totul Green
6,515,360
Ditto. Black 24,420,593
£30,935,953
Or: Pekoe 779,460
Export of Tea 19. Great Britain from 1st Oct, 1841 10 30th September 1842.
Bohea 1,007,004 Congou 30,763,495 Caper
Souchong 669,863 Hong Mai 390.325
The grievous exactions on the Foreign Trade, have been made by the local Au- thorities; who have convincengly shown that at Canton at least, there are but two classes, the plunderers, and the plurdered.
This attempt to squeeze so large an said, pay too dearly for our whistle which may amount from the Hong merchants who are have been the case of the West Indies and Canada, mostly indebted to us may seriously affect seeing that John Bull is content to pay the former (by the protecting duty on Sugar and British interests. It is only necessary to Coffee) of £7,000,000 per annum for the privilege Pekoo mention t
this matter and we know it will of selling them some £3,500,000 of commodities, Ur: Pekee 840,531 receive the attention it merits from H. E.
which they could no where get cheaper than from In our issue of August the 4 we said him. The Timber of the latter he admits na the Edict of the Emperor requiring repay encouragement of the dry rot and an annual loss of preferential duty over that of the Baltic, to the ment of the alleged loan, might operate €1,500,000; whilst he has the
1
a bonus
disastrously on our commerce at Canton. porting thither Goods of thesolation of ex-
Com-
We are informed such an effect would be now justly apprehended, did not mercial community confidently rely on 1 E. averting this impending calamity."
H.
It is notorious that the ^axtra-èxactions, consequently enhanced cost of Exports, and diminished price of Imports, have already more than reimbursed the Chinese for the Canton Ransom. We can confi- dently aver il
that the $21,000,000 to be paid us by the late Treaty will be raised wholly at the expense of the Foreign trade if the proposed extortion of the Canton Mandarins be permitted to take effect. Those of the Hongs who cannot pay, and soma of those who can may perhaps be coerced into Bankruptcy, and now that the Consoo fund is abolished, the loss accru- ing to us may be serious whilst to the Man- darins it will be a final and a glorious `squeeze.
£2,000,000.
The Colonists allege, this is part of a system called Protective. Our notion of this System is;
that the ingenuity of man never devised a more
Sorts
270,813
Twankay Hyson Hyson Skin
3,353,553
1,671,505
253,126
Young Hyson
1,105.478
Gunpowder
638.999
98,861
Imperial
806,513
694,935
Total Green
Total Black
7,629,176 34,682,472
£ 42 261,643
Export to England for month ending 30th Septem. ber 1842.
Congou Caper
63,960 2,969,152
1,480
Souchong Sorta
20,316
2793
34,778
38,447
86.286
447,528
273,647
738
224,26370
139,147
72,518
4,369,971
Bohea
cunning one, to extract the greatest amount of money from a suffering people, with the least amount of odium or risk, a
Hongmoi We
are fortified in this opinion, when we find Pakoe ledge (Vide Blue Book men of the highest intelligence
and practical know- || Or Pakoe ing the cost to England of the Protection, accorded Hyson
601) variously estimat- Twankay to the landed interest, at from 31 to £36,000,000 Byson Skin Sterling per annum. Mr. James Deacon Hume, Young Hyson who for 39 years held an official situation in the Gunpowder the Board of Trade this man of whom the late Customs, and for 11 years was the Secretary of Imperial Mr. Huskisson said he was entitled to the lasting gratitude of the country:" to whose merits on a In 9 Vessels registering Tons : ·9636, late occasion Lords Ashburton, Lansdowne, Ripon, and Sir Robert Peel bore handsome testi- mony this man, then maintained that our Pro- whole of the Tates, say £50,000,000 per annum. tective system, cost the people more than the
conceive,
With reference to the enhanced price which this System gives to all articles of food, he said before a Committee of the House of Commons the actual money paid, and the evil effect computed in money, would be more than the
whole revenue the Country
It not surprising that Sir Robert Peel repudi ated the idea of creating an Asta monopoly
090 4.3
Export of Tea to United States for following Seasons end
ng 30th June.
Season
1836 and 1837
16 581,467
I ad and
and
38
39.
15,185,067
9,821,067
40
19,333,597
and
t
8,361,806
S431
and 42
13,500,337
Our past monitions were not duly heeded, we hope our present, on this subject, will be so soon After the Treaty of Peace we confox we bardly expected the Mandarins old venture to attempt to neutralize its
It may not be wholly inappropria Whist we are on this subject, to illustrate the
TO THE QUEEN'S And Honorarle Company's Na- provisions and render it of nothing worth
effects of these Protective laws, by a citation from VAL AND MILITARY EXPEDITIONARY
FORCE, The intervention of ILE. will, we have that truly practical Statesman and Philosopher, 1929 AT PLIMEN NEDOSIN CINOW ON SERVICE IN CHINA. no doubt, frustrate, entirely this nefarious Dr Franklin. He says, Suppose a country X scheme and explode such preposterious pre-
with three manufactures a Cloth, Sille, Tran; tensions to the winds; whilst proper guarous of increasing the vent and raising the price of
supplying three other countries AB, C, but desir antees will be taken for future good bcha-cloth in favour of their own others. In order to viour in this respect.
do this, she forbids the importation of foreign cloths from A. A, in return forbids Silks from X. Then the Silk workers complain of decay of trade and to content them forbids Silks from B. Bin Then the iron forbids the aturn forbids those prohibi- mmon Stock
By late Bombay papers we perceive the rate of return forbids iron ware from X. Freight on Cotton is quoted to China per Candy to Hong Kong 12 if to We are told this difference of freight wit
to more than for per Cent on the original the Cotton-
Not takbig into Canton
count the local
workers complain of decay and
of fron from C. C What is got by
the
All Commissions, or Orders, from the above; Beer, Spirits, Comestibles; as well as every other for Supplies of any kind and quantity of Wines, description of English, French, American and Country Goods, that could be possibly enumerated; all of first rate quality, procurable m' Calcutta at the very lowest market prices of the day too; are promptly attended to, and executed with great judgment, fidelity, punctuality and despatch by
MESSRS, THOMAS WILTSHIRE & Co. General Agents for the Civil Service and Army
No. 01 WATEULEY STREET,
CALCUTT.