hope that it may be found proble to assure so I hugard that the grant with noth for one year only.
mr Cox.
JR 255.
I take rather a
different view. a think it is livious that a
at any system a- calvelation murat ignos. "indirect losses!" there is no conceivable method of assessing them. All that can be said is that there will ĥ such losses,
uset ans
aan
Audi
may
argument for stretching
doubtful prints in favour of Hong Kong.
A mine than that we can
in that
need
scarcely do.
The main point for consideration,
"direct losses".
On this pouit, I think there is
of clearer thinking.
"
After all, the policy of H. m.g. has not destroyed wealth in Hay Kay.
(except of
course that a centain
amount
y home waders. This havover,
divan-keeper's plant has
The Chinaman will have his
އ
course, h it's passage through.
channel.)
The m
mover
the fort cannot get it in
way as Samchno.
fürst
that
57
theme & through
the Saunde
before, they shmed get it
gt seem
problem is
to me
that the
A devise meeting
If which the surplus whatthe hitherto
expended in
the opium divans is to
в
Fort Asuch an
b- acquired of the for
extent
will represent the shave
which it previmal got from the Auraman's expenditus
Ma
бріши
in other words to devise such new taxes
مي
of the community
1-
will
from
the same
classes, br
in the same revreme,
the fruits of
Theoretically such taxes should
бріши
the new
imag
be exauth balance the loss from the чернише самоед в system. Practically, of course they won't for
negligible.)
to
money hefore but, owing to the new to spend system, he will not speed it an
I thuefore it will not
५
spium
heretofore,
filter through to the fort G way of the opium farmer (largely diminisher of
two
مره مهرا
(d) Taxes will cost something
бріши & collect, whereas the pium
rents cost nothing.
Fau
a
(b) it will to impossible for the fort to find, with out good deal of experimenting,
taxes I levy.
the
right takes
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