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outside the harbour where the ship was to be met by sampans and the opium taken off, these codes were very detailed and
enabled full instructions to be cabled). The opium was
apparently kept on the e-mpan and only enough for one day's
sales actually brought ashore at one time.
Profit. The profit made in ons transaction was small, in
one case on an investment of $2,900 the net profit was only
1229 in subsidiary coin, in another on 87,300 the profit was
$1,200. In some cases of consignment cargo the only charge
made was a commission of 5 cents per tael, in other cases a
charge was made of 2% on the amount actually realised by the
ssle of the opium. The actual expenses of the firm in
Hongkong were about $2,500 per annum. The high profite made
on a small capital were due to the very rapid turnover, for
Instance the last consignment of about 4,100 taels was
received on let November, and by the 5th nearly half had
been sold and mostly paid for; also a large profit was
realised on the arms deals in addition which was in the
nature of a double profit as it saved the expense of remit-
ting money to pay for the opium.
Associates. The firm had influentiel friends among the officials at Pakhoi, Hoihow and Swatow. Apart from the constant mention of the services of military officers as is common in such cases, there were mentions of high civil officials, including one who apparently held high judicial renk, These ofticials were not sentent with merely receiv- ing the price of their silence or blindness, but in some cases actually sent opium to the firm for sale on commission Their associates in the Colony, on whom Revenue Officers called, in most cases appeared to be respectable merchants
from the Swatow district, in a few cases they proved to be military official officers who had sought a tempoary refuge
in Hongkong; in only three cases was illicit opium found in their possession and that only in small quantities. Some documents found seemed to suggest that they had been at
one
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