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COPYRIGHT PHOTOGRAPH - NOT TO BE REPRODUCED PHOTOGRAPHICALLY WITHOUT PERMISSION OF THE PUBLIC RECORD OFFICE, LONDON

7

Cheap as the article can be sold at Canton without risk of shipwreck or pirates, and with speedy return of their capital. To attract therefore the junk trade to Houghing is beyond the range of possibility, and neither regulations nor orders could effect this, so long as the other ports are open, and the British merchant ships whatever he pleases and go to the market, which will answer his expectations best. The trade reasonably to be expected is a transit one, by vessels that wish to go to any of the northern and southern ports, and touch here on their way.

  1. A more formidable obstacle is that Chinese imports in considerable quantity are seldom saleable at Houghing. Wingsing, has were at first brought here in lots of 100 to 600 chests by sea-going junks. But there is not a single instance on record that it could be disposed of to any advantage; on the contrary, it has entailed in all cases heavy loss, and it has been given over to the shopkeepers to get rid of it, as they best could. The last adventure of this description was a British vessel which arrived from Amoy with the Bohia hills in a cargo. This speculation ended still more tragically. Not only had the article to be sold at auction at a very reduced rate under prime cost, but the parties themselves got into a lawsuit, and were involved in inextricable difficulties; so that the scheme ended in ruin. The lesson given for the unfortunate issue of similar enterprises, is that the teas are not suited to our markets, and that our merchants having given their orders to the various agents in the ports, are not for making additional purchases.

Another article brought by junks is Alum, which is occasionally saleable.

PUBLIC RECORD OFFICE Reference C.O./133

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COPYRIGHT PHOTOGRAPH - NOT TO BE REPRODUCED PHOTOGRAPHICALLY WITHOUT PERMISSION OF THE PUBLIC RECORD OFFICE, LONDON 7 Cheap as the article can be sold at Canton without risk of shipwreck or pirates, and with speedy return of their capital. To attract therefore the junk trade to Houghing is beyond the range of possibility, and neither regulations nor orders could effect this, so long as the other ports are open, and the British merchant ships whatever he pleases and go to the market, which will answer his expectations best. The trade reasonably to be expected is a transit one, by vessels that wish to go to any of the northern and southern ports, and touch here on their way. A more formidable obstacle is that Chinese imports in considerable quantity are seldom saleable at Houghing. Wingsing, has were at first brought here in lots of 100 to 600 chests by sea-going junks. But there is not a single instance on record that it could be disposed of to any advantage; on the contrary, it has entailed in all cases heavy loss, and it has been given over to the shopkeepers to get rid of it, as they best could. The last adventure of this description was a British vessel which arrived from Amoy with the Bohia hills in a cargo. This speculation ended still more tragically. Not only had the article to be sold at auction at a very reduced rate under prime cost, but the parties themselves got into a lawsuit, and were involved in inextricable difficulties; so that the scheme ended in ruin. The lesson given for the unfortunate issue of similar enterprises, is that the teas are not suited to our markets, and that our merchants having given their orders to the various agents in the ports, are not for making additional purchases. Another article brought by junks is Alum, which is occasionally saleable. PUBLIC RECORD OFFICE Reference C.O./133 Page 15 Page 16
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COPYRIGHT PHOTOGRAPH-NOT TO BE REPRODUCED PHOTOGRAPHIC-| ALLY WITHOUT PERMISSION OF THE PUBLIC RECORD OFFICE, LONDON 7 cheap us the article can be sold at Canton without disk of shipwreck or pirates, and with speedy Return of their Capital. To attract r therefore the junk trade to Houghing is beyond étic Range of possibility, and neither Regulations mer orders could. effeat this, so long as the other ports are open, and the British Merchant CRI shife whatever he pleases and go to the market, which will answer bis expectations best . The trade. Reasonably to be exficcted, is a tounsit one, by vessels that wish to to any of the northeme and Souther ports, and touch here ai their way. 3. A more formidable obstacte is that Chinese imports in considerable quantity are seldom saleable at Hangtong, Wingsing, has were at first brought here in lots of 100 to 600 Chests by sea going frente. But there is not a single instance on that it could be disposed of touny advantage record, ↓ Y 141 on the contrary, it has entailed in all cases heavy loss, and it has been given over to : the shopkeepers to get did of it, as they best could. The last adventure of this description wasa But From the Bohia hills in a British vessel which arrived from Armay . This speculation ended still more tragically Not only had the article to be sold at Auction at a · a very Reduced Rate under prime cost, but the parties themselves get into a lawsuit, and were involved. in iwitrievable difficulties; so that the schole ended in duin. The leasen given for ~ the unfortunate iscue of similar enterfirizes, is that the leas are not suited to our markets, and that our on merchants having given their orders to the various agents care in the porte, Candtrifting. not for making additional à purchases .. Another article brought by junks is Alum, which is occasionally PUBLIC RECORD OFFICE Reference C.O./133 saleable Page 15Page 16
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COPYRIGHT PHOTOGRAPH-NOT TO

BE REPRODUCED PHOTOGRAPHIC-| ALLY WITHOUT PERMISSION OF THE

PUBLIC

RECORD OFFICE, LONDON

7

cheap us the article can be sold at Canton without disk of shipwreck or pirates, and with speedy Return of their Capital. To attract r therefore the junk trade to Houghing is beyond étic Range of possibility, and neither Regulations mer orders could. effeat this, so long as the other ports are open, and the British Merchant

CRI

shife whatever he pleases and go to the market, which will answer bis expectations best . The trade. Reasonably to be exficcted, is a tounsit one, by vessels that wish to

to

any of the northeme and Souther ports, and touch here ai their

way.

3. A more formidable obstacte is that Chinese imports in considerable quantity are seldom saleable at Hangtong, Wingsing, has were at first brought here in lots of 100 to 600 Chests by sea going frente. But there is not a single instance on that it could be disposed of touny advantage

record,

Y

141

on the contrary, it has entailed in all cases heavy loss, and it has been given over to : the shopkeepers to get did of it, as they best could. The last adventure of this description wasa

But From the Bohia hills in a

British vessel which arrived from Armay . This speculation ended still more tragically Not only had the article to be sold at

Auction at

a

·

a very

Reduced Rate under

prime cost, but the parties themselves

get into a lawsuit, and were involved.

in iwitrievable difficulties; so that the schole ended in duin. The leasen given for ~ the unfortunate iscue of similar enterfirizes, is that the leas are not suited to our markets, and that our on merchants having given

their orders to the various agents

care

in the porte,

Candtrifting.

not for making additional à purchases .. Another article brought by junks is Alum, which is occasionally

PUBLIC RECORD OFFICE

Reference

C.O./133

saleable

Page 15Page 16

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