waters __ I estimate that fully the
of the entire Opium crops from 1845 to 1849 inclusive, were deposited in and re-shipped from this harbor; and if the
no other
than that of temporary protection to such
Colony
had no living even a
An Enormous advantage
of British property, of security to a trade
objections, affords
and some degree of
which, with all its objections, affords
our only earthly chance of successful dealing with the Chinese,
with the Chinese, this in itself
would render it as highly desirable and most useful possession. I submit the
following
Jas
a
fair calculation and if,
anything under the actual mark.
By the end of 1844 all the
here were completed. The two
Jedowns here
great receiving ships the Bomanjee
and John Barry
Coming
her,
were
and all the Opium
on to China, with exception of
the fragment stored at Cumsungmeen, Commenced to be deposited here either afloat or ashore, and to be reshipped
from
from this
Coast
328
and distributed along the The appended returns shown
that the total quantity of Opium which
came on to China from British India within the last five years amounted to 220,717 chests, this taken at low estimate of $500 for chest,
at the very $110,358,500 represents in value nearly One hundred and change at 4/6 = £24,830,662. 10.0 and half Millions of dollars
$182,768,875
change at 4/6
Say
that the value of this produce (the proportion
has served as
a figure
Considerably higher now, sons stored here from 1845 to 1849 inclusive, and we find that Hong Kong being depository of British property
within the last five years,
to the value
of Eighty five millions of dollars
$85,000,000.
at
the rate of Sixteen millions of dollars
that "Cum-sing-meen
Annually:
and now
anchorage is being gradually abandoned, "I think this Colony may
in
future
be looked upon
the Central Warehouse of
Seventeen million dollars worth of British Indian produce, year by year
I do not
insist on an advantage