Q
COP Y.
Enclosure
C.O
17021 505
IRECT
Extract from the "Chi Shih Erh Hang ShangYo
Précis.
Translation.
23.4.13.
Canton Lottery Bonds. Reasons for failure of the Scheme.
The treasurer reports to the Tu Tu that notwithstanding
his efforts to sell the Lottery Bonds, not more than $2,400,000
worth have been purchased, that is, about a quarter of the total
value. The reasons for this unfortunate state of affairs are:-
1. The opposition of the British Government which prevents
sale in Hongkong. Agents appointed to sell the Bonds abroad have
refused to go as they expect similar prohibition there.
2.
The fact that so many subscriptions had already been freely contributed by the people.
3. The small chance there is of obtaining even a moderate prize.