states

A

that the profits of the Farm.

not to be made during the first part of its term were

the second part.

during

(6)

That he

(e)

into a

Contract with the Macao

Farmer for the

opium thin

the smuggling Farm (for $3000 per

month)

That he had

intention

of

C

buying the smuggling phrase

endeavouring to

in his possession

well known

get

January

monies

and

485

of his payment to Cost be

account.

Cand

follows:-

Gain to Jo.

Loss

then stand

On 20 months | On the 2nd sum

UNCHANGE

seventh average

by reduced payt groo

"5

Drawing

13550

(50 Cheats)

Cod

9.800

4100

Contributing

200

200

Gain to Farmer

6050

2500

Percent Loss

Result

5257

2674

199 gain 174 Loss

There the

Farmer makes

Y

the benefit to

which he

kinder

the treaties

SKAQ Le

made

in the

7

his pergunt

great

that his bankruptcy moved

prevent kinder

from again

obtaining the form. If this

successful

Scheme

is

it

Stev

certain

that the value of

the

Hongkong

Govt would

if not altogether, neutralized by the loss induced by being limited

which he

to 128 Cheats. It may be considered

in the p

that he

Farm will be considerably enhanced.

(6. The Farmer states is willing to draw only 125 cheats of Opium per month

to

amount

weak to cut guy 500,

in the number of chests

to 200

might not

meet time

CAR,

6. We regret that

A...

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