and as

registry of the Trade - has been established,

any office having the least resemblance to a Custom House, although only intended to ascertain

the state of the Trade, would be liable to abuse and misrepresentation, and

the part of the

create suspicion

Chinese inhabitants, I am not prepared

to recommend that

one be established.

*)

The conflicting opinions therefore entertained by the Government Officers

and the Community

on this matter must remain in a

state of abeyance, until

a satisfactory solution is established, for

it is not clear which party

is correct.

But as it appears from the letter

and my address, that no articles except those consumed in the island are

considered by Mr. Campbell to form part of the Trade, I think

I may with propriety record

my dissent

from this position, for I look upon all

articles on which a Merchant receives Commission, either in payment for

warehouse rents, or on any other account

as a part of the trade of the Colony. If the view taken by the writers of the letter be the correct one, then the Trade of Singapore must be looked on as that of Hongkong, viz: very trifling, as at the former place the absolute consumption of articles can be but little more than at the latter. Nevertheless the Import and Export Trade of Singapore was estimated during the year 1846-47 at £5,306,000. The opinion therefore expressed by Mr Campbell on the subject appears to me to be much at variance with that

# generally adopted by merchants at other places.

15.

To obtain every possible

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