Page
JOHNSTONE'S
M.P.
"The Favourite Scotch."
OBTAINABLE EVERYWHERE.
H. RUTTONJEE
& SON,
THE OPIUM CRISIS.
NEWS FROM INDIA.
THE HONGKONG DAILY PRESS, WEDNESDAY, JULY 10ra, 1912.
We make the following extracts from
the latest Calcutta papers-
BONDAY'S BITTER. COMPLAINT.
BOMBAY, June 5th.
With regard to the present opium crisis, a representative of the Advocate
WM.
POWELL, THE LTD.
Hoy merchants de day of the bending Gentlemen's Outfitters.
of India interviewed one
Bombay to-day, who said :-
SAXONE
BOOTS and SHOES.
REALLY FIRST CLASS FOOTWEAR. (EVERY PAIR GUARANTEED)
BOOTS $115 SHOES $10
It is a great pity, and very deplorable indeed, to see the attitude of the Indian Government, sitting with folded arms, as it were, and leaving everything in the hanch of the Secretary of State for Indie, and the Secretary of State for Foreign Affairs, whose hands are full in their own spheres of domestic and foreign offairs. What should be done is that the Government of India should bestir them selves, and do everything possible on behalf of their merchants, who in their implicit faith in the Indian Government have a right to make the Chinese Govern- ment observe treaty obligations as agreed upon by their last treaty made in May last after a very long deliberation. The crisis now is such that it cannot bear any postponement of action on the part of the Indian Government. It is to them, after all, that the trade must look to for support and assistance. Unless this is done, and that heinodiately, a very groat financial crisis is sure to take place. It is suggested that the Hon. Mr. Gillan, the new Finance Member on the Viceroy's Council, who is acting for Sir Guy Fleetwood Wilson, should come down to Bombay and meet leading merchants in this trade. This would enable him to find out personally the very severe and bard position in which the merchants of Borohay are now placed owing to the wilfal negligence or inability on the part of the Chinese Government. The latter part of the buyers, and it was evident are, As it were, playing ducks and that the merchants were not disposed to drakes, and doing what they like with invest further large sums of money in the British Government, and such a thing opium in view of their experiences
during the past few months in China.
can be seen, the Government may be said to have killed the goose that laid the golden egg. The merchants made purchases yesterday only to reduce their losses on the stock of opium they had in hand. When it is realised the drop in
WINE & SPIRIT MERCHANTS. should at any rate not be countenanced The situation is grave and serious, and time should be lost in taking
133
鹼水汽力逼士
HOME-MADE
MINERAL WATERS
BETTER THAN
FACTORY MADE.
no
immediate actión.
|
As far
Wm. Powell, Ltd.,
SOLE AGENTS,
SAXONE SHOE CO., LTD.-
price in the ease of Patna was nearly one-third of the actual value on each chest, it requires no demonstration that
(636
Nows received from Hongkong under date Sith ultimo is that already heavy smuggling is reported from Macae, and the inference is that the large shipinents above referred to, although shipped in the name of the Portuguese Gevernment, are intended for the Macao Farmer, and in such case there is every probability of the opium being eventually smuggled into Chine, as in our opinion the local con- sumption in Macao cannot be so great.
The smuggling of uncertified opium from Macao is having very serious effects upon the trade in certified opium, de- and prices for the certified drug are daily declining, causing heavy loss to the holders of stocks,
grievanees of local merchants is the large those who purchased stocks at the price liveries of which are almost at a standstill
CALCUTTA MERCHANTS' COMPLAINT. According to enquiries made by a re- presentative of the Englishman in con nection with the opium question, would appear that one of the principal
amount of smuggling that goes un.
As a result, a number of prominent opiam exporters in Calcutta have made a strong representation to the Govern ment of India, and it was clearly pointed ont that smuggling of cheap opium into the interior of China through foreign Why continue purebusing ports was of common occurrence and that dinal great harni was being done to legitimate factory-made
your trade. It will be remembered that, in Waters? Mako ows Mineral Waters at order to counteract the smuggling the home at a cost of 90 cents Government decided that only a certain DOZEN SEPHONE. quantity of certified opium was to be Then you KNOW the exported to China. This has been water is · pare, and observed by legitimate dealers, but con- contains no disesse germs.siderable quantities of uncertified opium seem nevertheless to have found their way into China riz other ports. On April 4th May 20th, and May 21st altogether 400 chests were shipped to Macao, and news received from Hongkong dated April 26th indicates that there has been some snuggling from Macao.
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obtaining & fow months back stand to lose heavily on their holdings.
Of the 810 cheets of now Patna offered
There can be no doubt that uncertified on Tuesday, the "certified" chests smuggled opium has entered into active, realised Rs. 5,900-4-5 each as compared competition with the certified drug which with Rs. 5,507-04 at the previous sales proved by the abnormally small deli- the uncertified chests of Patna realised veries of the latter in Hongkong, and Rs. 1,861-15-7 cach, as compared with unless some action is taken to suppress Rs. 2,206-9-9. In the case of the certi- the illegal trade, the legal trade in certi fied" Patna opium, there was a fall of fed opium will be very seriously and Rs. 1,006-11-11, and in uncertified
adversely affceted. Patna, a drop of Rs. 414-11-7,
201-10-0.
We therefore trust that under the cir- Of the 960 chests of Denares opium, the drumstaran axplained Government will see "certified variety fetched Rs. 3,835, as the seriousness of our grievances and find compared with Rs. 5,471-3-0, or a fall of a way to protect the interests of dealers Rs. 1,636-3-0. "Uncertified" Benaresin certified opium. realised Rs. 1,850 per chest, as compared
We are fully aware that Government with Rs. 2,034-10-8, or a drop of Rs.do not see their way to reduce the quan Lity of uncertified opium to be uffered The joint average of certified" and for sale at the remaining Auctions of the "uncertified" Patna opium works out current year, but we would respectfully at Rs. 2,077-3-6, as compared with Rs. press on them the desirability of offering 4,086-4-0 at the previous sale, or, in other smaller quantities of the uncertified drug words, the Government has realised Rs. at next year's auctions which in our 1,118-1-0 less on an average at Tuesday's opinion would help to raise prices for this description and make them more closely approximate the price of certified opium. We think this action would check smuggling owing to the margin of profits between Cncertified and certified opium being reduced.
There can be no doubt that uncertified smaggled opium has entered into active competition with the certised drug, which is proved by the abnormally amali deliveries of the latter in Hongkong, and sale. unless some action is taken to suppress the illegal trade, the legal trade in certified opium will be very seriously and adversely affected.
All that the dealers of opium in India seek to obtain from Government is the protection of their interests, for cos forming, as they do, to the laws relating to the export of certified opium, it falls rather heavily on them that the uncerti fed article should take precedence in the principal marts to which they export the drug.
The Calcutta dealers in presenting
In the case of the Benares opium, both and uncertified, the "certified" average stands at Rs. 2,315-3-9 against Re. 955-6-8, or the loss is Rs. 340-2-11
on an average.
The total average of both Paina and Benares is Rs. 2,618-2-10, against Rs. 3,493.42 at the previous sale.
As far as the merchants ia Calcutta are concerned, the worst period of the crisis in the opium market is still to eorge. The general upheaval in China has made the conditions of legitimato
(Signed). David Bassoon & Co., Ltd.; E. D. Sassoon & Co.; Currimbhoy Ebra him & Co.; Hurduaroy Chamaria; M. A. Bassoon; E. Meyer & Co., Ltd.
THE OPPOSITION VIEW,
Simla, June 1.
There has been no great development
opium trade extremely difficult. The un-in the opium situation, except that the
their case to Government state that they sympathetic attitude of the Government Government of India have received re
are fully aware that Government do not of India has not improved the situation, ports from several opium merchants in Recertifed opium to be offered for sale and it is apprehended that the smugglers
see their way to reduce the quantity of
others.
at the remaining auctions of the current of uncertified" opium will pursue their year, but they pressed on Government trade unchecked to the detriment of the desirability of offering smaller
CONSIDERABLE YALL IN PRICE. quantities of the uncertified drug at next
The sixth opium sale of the year took year's nuctions. This would help to raise prices and make them more close by place on Tuesday, June 4th, at the Gov- approximation to the price of certified ernment Opium Sale Room, No, 2, There were 10 chests opin This action would undoubtedly Charnock-Place.
of Bihar opinm, the highest price realised check smuggling owing to the margin of profits between certified and uncertifed per chest being Rs. 5,025 against Rs. opium. It may be mentioned that a chest 5,650 last month) and the lowest Rs. 1,850 of opium is believed to contain 1 mauad, against Rs. 2,340 last month) with an Of Benares 18 scers and is chittake of pure opium, average of Rs. 2,077-3-8. besides @ seers and 6 chittaks used for opium, of which there were to cheats, the highest price paid for a single chest pasting the leaves of the shell.
was Rs. 3,835 against Rs. 7,475 last The main grievances of
mouth), and the lowest price Rs. 1,550 dealers aro
(against Rs. 2,050 last month), with an average of Rs. 2,315-3-9 per chest. total proceeds amounted to Rs. 46,34,175 against Rs. 60,59,175 realised last month.
Calcutta
(1)-The unlimited smuggling of opium into China through foreign ports. (2.)-The growth of opium in China. (3)-The harrassing of dealers by placing restrictions on the sale of opium in the provinces. Complaints in this connection havo been made to the British Minister at Peking with no effective results.
The
The next opium sale takes place on July 2nd.
OPIUM' SMUGGLING AT MACAO.
PETITION TO GOVERNMENT OF INDIA.
GOVERNMENT'A REPLY TO MERCHANTS. We understand that the Government of India have now sent in a reply to the
The following is a copy of the mer- appeal of the opium merchants to stop chants' joint petition, dated May 23rd, further sales of the drug in view of the to the Secretary to the Government of beary losses they were suffering under the India, Finance Department, Simla
With reference to our letter of 18th present chaotic conditions of China. The Government has referred the ques- ultimo on the subject of the smuggling! tions raised by the merchants to the of cheap opium into the interior of India Office and further expressed itself China through foreign ports, and the
nable to stop the sales.
Singapore and Calcutta urging the Government not to suspend their sales. affect the opium trade with Singapore The suspension of sales, they allege, will. and other adjoining countries.
STOMALIX
Safede Carlo Cores Dyspepala and yß per cept. of Diseases of the Stomach and Estoy diven, painted and otherwise.
Distributing Arentei FRANCIS NEWGERY & SONS, Lid., London, Eng.
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As a result of the policy pursued by by affecting deliveries of certified opium, by age, being shipped from our the Government, a serious crisis has we would respectfully bring to your hon arisen in the opium market, and at Tues- our's notice the receat shipments of 400 stocks of Old Whisky in the West- day's sale, the Government sustained & chests uncertified Patna to Macao as fol-Highland Bonded Warehouses, luss of no less than Rs. 1,700 per chest of lows:- Patna opium offered for sale.
The statement given by the Board of Revenue regarding the sale is, for prac tical purposes, not so valuable as the actual figures kept by the merchants themselves. The averages are more care- fully worked out by the merchants. At' the sale, there was little keenness on the
April 4th, per s.s. "Johanne," 200 chests
in the name of Portuguese Consul.
May 20th, per 8.8. "Clara Jebsen," 100 chests in the name of Portuguese Consul
May 21st per .a. "Clara Jebsen," 100 chests in a "Marwari's namo.
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