trade Shanghai be AL Inne directing would not be convenient for foreign trade than Hongkong, the and already some of the large Houses have moved there i And I cant well. Conceive a policy likely to drive them all there than to place the Residents in Hongkong under contributions for National Objects from which objects Prose residing in the Open ports in China are free. It would be placing Hongkong at a most unfair disadvantage, and might just turn the scale which is at present hanging in the balance.

The Chinese traffic of the Colony, it must be remembered, is quite distinct from the foreign trade, and it is the Chinese who have made the Colony what it is, not it's connection with the foreign trade. The Chinese have flocked to the Colony for the advantage which it offers of a quiet and Secure

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