Ashang
evidence
of its gen.
er al good
is that few respectable Chinese emigrate
at all; and the
emigrant of any class
returns to China, if he prospers.
To conclude, we cannot hope for
int
the advent of any
but such enterprising capitalists as the hope of gains may allure; and the former
a
outline
prospects of Hongkong, with an outline of the reasons why these were not fulfilled to the promised degree, having been sketched,
Mr Mitchell proceeds to discuss the actual standing and future of the Colony.
Memo: upon the present condition, trade, and prospects of Hongkong-
The Colony's prospects are by no means discouraging- As the great dépôt of the opium traffic, the Treaty did it no harm-
Between 1841 and 1845, some three-fourths of the opium crops were deposited in and reshipped from this harbour, which thus protected an immense amount of British property.
By the end of 1844, all the opium coming from outside China, save a small portion stored at Cumsingmoon, began to be stored in magazines or in ships in the harbour: that is, at least three-fourths, worth $92,768,875 was stored here in five years; giving an annual rate of $16,000,000, or about £3½ million sterling of property deposited.
Page 353
920-91 Cand
...
At a low estimate worth $110,358,500, or 990,717 chests at $500 per chest.
...
Annual rate of $16,000,000, or about 3½ Million sterling of property deposited