opium to smoke, or a pound's worth to remit home by the passage boat to leave in the evening.
A
This is not of course a large trade but it is considerable for a young place like this, and will doubtless grow with our increasing general trade.
Say the whole thing, wholesale and retail, turns over no more than $100,000 per month — still the traffic of it passes through some half dozen different hands in the Colony, and must necessarily leave a profit with each.
I look upon this as one of the best effects of the modification of the opium monopoly that by extending the licenses to several hands instead of one, it raises up a wholesome competition and keeps the article at a fair value.
The best evidence of its beneficial working is this — That the refining of Opium here, with its infinitesimal retail, and its having grown into the favored medium of petty remittances, has entirely sprung up since the sole monopoly was modified into the license system.
There appears to me a way of improving this revenue of the colony — we may afford it to abolish that revenue altogether and to let every struggling Chinese who can afford it, buy his ball of Opium and smoke it down for himself without its being taxed a single farthing.
The local traffic in this luxury has not hitherto grown up here. First — the retail branch, as explained above, must have been hitherto greatly shocked, if not almost barred, by the old monopoly.
It was the interest of the Sole-farmer, or, rather the Chinaman he employed, to sell a comparatively small quantity at his own price, than a much larger, at prices laid down for him in an open and fairly disputed trade.
This hitherto kept down the boiling and refining of the drug here — The farmer was his own refiner, and
opium to smoke, or a pounds worth to remit home by the passage boat to leave
in the evening _
A
This is not of course
large trade but it is considerables for
a young place like this, and will
doubt.
trade.
our in
grow with our
no
increasing general
Say the whole thing, toholesale
and retail, turns over no more
than $100,000
per month _ still the traffic of it passes through some half
in and
must
half dozen different hands to the Colony,
belonging
- necessarily leave
each ___ I look upon this
and 4
ain to
a driblet of gar
as one
of the best
effects of the modification of the opium
monopoly
that
by.
betending the licenses
to several hands instead of one, it raises
up a wholesome competition and Reeps the article at a fair value _ The best evidence of its beneficial working is this _ That the refining of Opium here with its infinitesimal
the fast of its having grown
retail, and
into the favored
:d medium of petty remittances,
has entirely sprung up since the sole monopoly
toas
to ad mo
- dified into the license sijsten
There appears to
On
One:
that wholesome the finan
Soon as
e just
ono
Me as are. Nam
AM CES
As t
way of improving
rely. of the colong may
afford it to abolish that revenue altogether
and to let every struggling chinese who
afford it, buy his ball
Carr
buy his ball of Opium
bock it down for himself without its taxed a
Causes
a
single farthing .
assign
why a larger
universal
.
the following
As
And
being
the
local traffic in this
luxury has not hitherto
up here._____ First _ the
it, as
grown
Thirst _ the retail branch.
o
explained above, must have been hitherto greatly shocked if mot almost. bared by the old monopoly ___ It was the interest of the Sole-farmer, or,
or rather Chinaman
he would consider it to
AJ A
be his interest, to sell a comparatively small
quantity.
at his
Own
price, than a mu
in an
larger, at prices laid down for him
open
and
fairly disputed trade - This hitherto
of the kept down the boiling and refining
here _____ The farmer
drug
ev tras
his own refiner,
And
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