Tradesmen from Canton, who have great measure inducech
ben in a
to resort to the Colony by
reason
of
the Trade which is now carried on between it and California.
Chinese Inhabitants have also become more accustomed to our Institutions.
Houghtong, as I have already
reported in Separate Despatches this subject, will not in my ever be the Port
opinion ever
Mas
of
Sh
Trade
which on its first formation it
expected to become; and I think it not impossible that three or four of our larger British
Commercial Establishments will be at no distant period broken up, as from competition and other causes the profits of the China trade formerly enjoyed by a few are now
now divided amongst many
"
7 155
and hence the maintenance of
an
expensive retablishments here how become not only unnecessary but undesirable to partics having
Houses
f The Port, however, is not without
business in Canton
its use, even to them; for good, often landed here intended for the Northern Ports,
are
as indeed
are sometimes when destined
for
they
for
Canton, expecially when the market is dull there, and when
their
Consignees
it is conceived
by
that further importation would
produce further depression.
From December 1850 to
March
of
this
year, fifteen
American Whalers have arrived.
laden with oil, of which
a-
considerable portion, under the the new provisions of
v-tavigation
17