12
from transactions at Macao, and in comparison with the value of the legitimate trade conducted and controlled
from Hongkong as the great Emporium
of the South, is little than 1 to 50. Notwithstanding
Sir Rutherford Alcock ignoring
the 50 details
on the Island makes all his deductions
from it, so that the probability is just 50
against the correctness of his conclusions
as to the elements of this Colony's importance.
15.
an impression
any case so inferior
as would be created by publishing
here Sir Rutherford Alcock's observations
that I thought it better to adopt
an intermediate Course
of referring them to
the Unofficial Members of Council, who
at this moment
may be regarded
Vide Gov to Secy of State No 553, 6 Aug 1865
Rpts 23 to 28.
10442/68.
+
Enclosure No 2.
Copy: Bay to sbon: W.
Keswick. 27 June 1869.
9th January, 1869
representing
in the widest and most
cosmopolitan sense the general interests
of Foreign
commerce with China whether here or at any of the Treaty Ports or
elsewhere
16. I now submit the letter in which
I invited their attention to the subject
which they referred to
me
I also
Enclose No 3
enclose the Memo in which those
Gentlemen, representatives of the well known houses of Jardine Matheson & Co., Gibb
Livingstone & Co., and Smith Archer & Co.,
have communicated their unanimous opinions, and looking to the magnitude of the Commercial transactions which they individually control, and their
own
vast personal experience in the China trade