16
- 5 -
if before the 15th of October 30% in Canton notes
and 70% in cash, if before the 15th of November 200
in Canton notes and 80% in cash, and after that date
all in cash. All merchants in Canton will be
required by compulsion to take up bonds to the amount of 3 of their capital that has been registered with
the Government. Further, where any likin or other taxes are to be paid 20% extra will have to be paid in such bonds. For some time past the Canton Government
has been unable to pay the staffs of their various civil departments with any regularity, and as this month greater financial stringency than ever has made itself felt, the payment of all civil service salaries will be deferred until the proposed loan has been
The scheme has already been laid before
secured.
the Council and been approved.
7.
The Chinese characters for the names in
thi despatch are given on a separate sheet.
I have the honour to be,
My Lord,
Your Lordship's most obedient, humble servant,
Time
Governor, &c.