619
be
regretted that the question was not subunitted to this Excellency the Governor for his consideration as he could, had he so desired, availed himself of the collective opinions of the representatives of the Sugar industries of Hongko
Kong complete knowledge of the position would no doubt have
who with
کی
been able to en
safeguarding Though
suggest
at
measure for. industry, which
be the result of private enterprise, very important factor in the
advancement of the Evior
Colony.
The opinions held
By
the
Home Government are in opposition
expressed by this Chamber,
to the views ex
which arives i mainly from the climi-
the low price of silver in
Buation
of
the arguments they prefer.
• "he Foreign Office call it
: a separate question : In a serve it is,
integral part of the
but it is also.
subject under discussion and it is not
only
only impossible to separate it, but to attempt to do so deduces an utterly
erroneous conclusion.
The price of refined Sugar in Japan, in Silver, was abnormally high for the six monthly period se
licked
for turning the ad voloran
specific tax, and arose
duties who a
from the serious decline in the value
of silver d
during
that period. The gold-
vaine of Sugars referred to in the .
statement enclosed
by
the Foreign
Affice, showing the English prices, only sells part of the tale.
That document notes the fall
of
in the valve of Sugar, in "Gold", but it omits all mention of the corres- ponding silver value
the whole. It must not be lost eight of that the question under discussion refers to a country whose sole standard of currency is Silver, not Gold, and that to attempt to compare a gold price with a siever,
when