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that no tax, either direct or indirect is to be placed upon opium, after payment of the Duty and Likin, until the opium has reached the place of consumption. The latest proclamation issued by the Bureau for the Suppression of Opium, and also the Regulations issued by the Opium License Monopoly, show that the whole scheme is nothing less than an establishment of a Monopoly, and the entire opium trade in the provines of Kwangtung is to be at the mercy of the Kwong Wing Un Hong, zużbixik and their Agenta. To give some idea of the enormous losses so far sustained by British Merchants owing to this new Tax, we may state that since the issue of the first proclamation, prices of opium have declined about $1000 per chest, and with the heavy stocks which have been accumulating in Merchants hand through the entire cessation of business, it is easy to realize how critical the situation has become, and with what alarm the future is viewed if energetic steps are not taken by His Majesty's Government to bring about a speedy abolition of this tax and the immediate withdrawal of
all other restrictive measures.
We and other British Merchants have been engaged in the
Opium trade for many years, and have been trading under certain conditions secured by us by Treaties it is only right and equitable then that before these conditions are modified or altered, due notice and sufficient time should be given to enable Merchants to dispose of their stocks, and obtain their money from their purchasers. Apart from the fact that we, as British Merchants are entitled to have the support of our Government in the legitimate pursuit of our trade, we must be all the more entitled to that support when it is realized that the opium which we import, is bought from the Government of India, on the clear understanding that no interference with the freedom of
its sale in China will be allowed.
We have, etc,