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In my Confidential Despa......
über I reported that I had increased the price
tael and 1 stated that if the price were advanced in
I would make a further advanos here. The price in iscao has
advanced by 50 cants a tael and I have therefore incressed
the price here by the same amount and as the Laono price will
scortly be increased to 11 per task i propose to increase the
price here to 12 per tal on the lat. of Karch. Hongkong opium
being of better quality is worth A per tael more than Kadao
opium, with the price at 112 a tael in Hongkong the temptation
to muggle to or from Façao and also to Canton is eliminated, and
apart from financial reasons the advance in price here is
necessiþated by those considerations.
I should mention here that wince the Govern-
-Bent konopoly was instituted 10 per centum to cover the loss in
discount has been added to the price of Frepared opium paid for
in subsidiary coin. Before the recent increase the price was
therefore All in notes and $2 in subsidiary coin-
The total revenue which is estimated during
1916 from opium, allowing for the additions in price inliosted abore, is now estimated at £5,253,030 or A,003,020 over the estimate for the current year. From this 1,000,000 in round figures, must be deducted $200,000 for Lilitary Contribution.
of the sua g5,253,030, 84,014,4 / will be collected in subsidiary coin while 1,350,000 representa collections from other sources - principally from the hallway. These figures give v total of £5,964,490 of subsidiary coin. low in discount (10) in the cost of demonstising (10,-) may be taken at 20% or £1,192,896. Thin is 442,896 more than the vote
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