CO129-012 - Sir John Davis - 1845 [5-7] — Page 36

Farai

J

the heads of Ships arrived.

Your Excellency will observe that under the head of Imports the Lorchat employed in carrying goods to Canton do not appear. It seems that they ravely bring down anything Except small portions of the cargoes of ships discharging at Whampoa

and sometimes a little tea which does not, Sunderstand pass through. the Chinese Custom House. Their

ations of a

thief employment is in carrying up to Canton goods which have been toarchorised here in expectation, favorable turn of the market

The occupation of this Island has afforded the Canton Merchank

Seura :8

arr

never

advantage in their dealings with the Chinese which they Enjoyed before. Gords

be stored

here

34

here at a moderate rate in insurable. buildings, and in one instance at- the beginning of this year, by the facilities thus afforded. for watching the state of the market, a merchand of this place realized a profit of 25 percent.

large consignment,

ow a

of cottow yarn. Formerly it toas necessary to force goods at once on the market, however glitted, because of the ixpouse of demurrage if this Kept on ship board, or the risk

ivere

and

loss incurred in Keeping them - There in huldings at Canton,

which

are not insurable on account

of the pequents fires, and where the prices for storage are retravagantly high. Several of the mercantile, who have establishments at Canton

are

cantile firms

building large warchods here

in

!