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Somebody is said to have observed in a better form of wording, that the moderation of the Tariff Duties, though beneficial to the Revenue, would be highly injurious to the permanent prosperity of Hong Kong, as it would tend to discourage the smuggling trade. I hope it may prove otherwise.

4. A practical benefit

C & ac heavy.

bloco and y teal discontent to discourage the smuggling trade. I hope it may prove so, for that not only this Colony, but the grand commercial end, the good of England.

5. Its permanent prosperity of Hong Kong depend on the absence of smuggling. We may fairly look forward to Hong Kong hereafter drawing to itself the trade hitherto carried on at Canton.

In the memorandum already admitted to, I remarked last year that most trouble would be experienced at Canton, as established habits had there to be subdued, and old feelings combated, while it is since the at the same time the point furthest removed from the port!

The list of "Kong Merchants is not dispersed. Close to the anticipated and of casualties joined to the security of a Colony, British as irresistible points of attraction to our own settlement of attraction to.

The Chinese Petitions & Letters there, will not be liable to the heavy licensing and other dues extorted from Macao by their Mandarins,

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