may lake place

rise that may,

promptly of any in the other markets.

When cases as

those alluded to

sub 1 should happen in future, I will endeavour to obtain for the parties the same facilities as granted at Shanghai. I must leave it, however, to Your Enct lency's better judgement to decide whether it would not be good policy to do it as quietty as possible, best such a measure might prove injurious to the interests

Warchouses at Honghong,

of the owners of

who pay a heavy ground rent, and whose "godowns would be less resorted to, (especially by such British and

wuffer

merchants as have no establishment

d foreign

there), if the

means Lavere

afforded them

of storing their goods here rent fice, with the certainty of getting back the exporting them to foreign

duties on re

places.

I have, 40,

434

(Signed). Francis C. Macgregor

lopy).

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