E
lesses amounting
in the whole up to the
present date to upwards
of $85,000.
2.
That your Petitioner is aware that other Grantees of the Opium Farm have frequently experienced considerable losses during the first year of the period they have held the grant, and that they have recuperated their losses and have sometimes made large profits during the last two years that they have held the opium privileges.
3. That your Petitioner, however, cannot foresee any probability whatsoever of his being able to recover his said losses or to make the opium farm remunerative if it is to be continued upon the present terms, and to show his belief in the correctness of this assertion, he is prepared, should Your Excellency wish it, to hand back his Grant to the Government and to bear the heavy loss that has hitherto been incurred, provided that Your Excellency will release him from any further liability to the Government in the matter from the day of December 1890.
4.
469
The intention of your Petitioner when he tendered the large amount he did for the farm, which intention was recognised at the time by the Secretary, was...
Dir
41