the foreign merchant chooses to give long credits in the
554
hope of making large profits, he must take the risk of the
speculation turning out a bad one.
11 Jubio od Jgyle rejesÜ El
un oma mi
Normandie asenteet gakoa a
*105diq:00 oagatik
I ob mi to V
}
I venture to quote the concluding words of Sir
H. de Saumarez' minute above referred to, xh words which
I can from my own experience fully endorse:-
*If Hongkong trade is hampered by the rascality
of certain Chinese, the remedy appears to me to be that
the trading community should cease to do business with such
men or that legislation should restrict their power of
mischief. There is a remark in paragraph 9 of the deputy
registrar's memorandum which is suggestive. After proposing
such legislation as an alternative, he says that it would
probably restrict enterprise. The Colonial Secretary is
not averse to such legislation, but I incline to think
that the mercantile community of Hongkong wish to relieve
themselves of any restriction and to employ the terms
of the Article of a Treaty never meant to apply to present
circumstances, to shift the burden of responsibility from
their own shoulders to those of His Majesty's Cona:lar
Officers,