די
COPY.
Macao Opium Farm: 1918 1923.
Estimate of a year's working.
330
1.
Cost of 500 chests Raw Opium 0 82,500
2.
per chest c.i.f. Macao.
Cost of boiling and general administra-
-tion of Farm,
.$1,250,000
150,000
3.
4.
Rent to Government (payable in notes),.....
Loss on sub-coin 10% (sales are on a
.... 6,676,000
sub-coin basis),
5.
Interest on capital of $4,000,000 €10% p.a...........
676,000
400,000
89,152,600
Production.
500 chests @ 1,400 Taels prepared opium per
chest...
89,152,600
700,000
$13.07
..700,000 tnels
Therefore sale price of prepared opium must be over $13 per thel
to cover expenses.
Present price is $12 per tael. There is no special quotation for "Export". Legitimate export, sc far as it ever existed, has come to an end with the closing of Mexico to Opium.
(Sd.) D. W. Tratman,
Supt., I. & E.
6th. February, 1918.