in Hongkong.
This must now increase,
Cumsingmson anchorage is being gradually abandoned.
There is of course advantage;
the influx of the opium shipping and their disbursements here,
the local firms otherwise benefit exceedingly by their position here – Messrs. Jardine Matheson & Co. keep a receiving Ship in harbour at possibly a tenth of the expense - the difference of Crew and other requirements considered, that they could, were lying in an outer and secure anchorage, be free from dangers of the sea pirates.
Messrs. Dent & Co. have been enabled, for the last five years, to dispense entirely with a receiving ship, and house all their opium on shore. Smaller firms, receiving some 50 Chests from India, house them in the Colony, thus saving themselves a demurrage of $5 per Chest per month, which they would have to pay were their opium on board a receiving ship.
The Retail Trade in opium amounts to some 250 Chests a month. Some of this goes to the Coast, and is paid for in sugar and Sycee; adjoining districts which supply migratory population, but much of it goes to the local population, who remit it home in lieu of money.
This colonial traffic, wholesale and retail, amounts to perhaps $100,000 a month, passing through several hands, belonging to the Colony.
The modification of the opium monopoly has done much good. Wholesome competition is kept up amongst a number of licensees. The refining of opium here has sprung up since the remittance...
Page 339
10
in Hongkong.
ام کے
This must now in crease,
Cumsingmson anchorage is being
gradually
abandoned..
There is of course advanta;
lage
Liv
the influx of the opium shipping
their disbursed
sements here,
میچ میں ہونے نیو کے
Jand
the local
Jeims otherwise benefit exceeding
lingly by their position here – Mess: Sardine Matheson & CD Keep a receiving Ship in -harbour at possibly a tenth of the sepense-
the difference of Crew
and other requirements
considered _ that they could, were
lying
in an outer an
secure from dan
dangers
an a
she
his
chorage; of the sear pirates to
Messrs. Dent & Co. have been enabled,
for the last live years, to dispense entirely with a receiving ships, and house all
en shore _ Smaller firms,
ther opeum on shores
receiving some 50 Chests from Indien
house them in the Colony, thus saving
themselves.
a demuri a
339
еде
of $5 per Chest
per month, which they world have to pay
were their operim on board a
veliving
The Retail Trade in opium
که
ARE
نام کی
Hihr.
amounts to some 250 Chests month.
some of this
goes Coast, and is paid for in su
unbroken to the West
sugar
anas
Sycee;
adjoining
districts which supply
migratory
but much of it to the a
population, the semit it home in lieu of menty.
This colonial traffic, wholesale
and petail, amounts to perhaps $100,000
a month, passing throng to several hands,
In an A
belonging to the Colony .
The modification of the opireme
ch
monopoly has done mu
b good. Wholesome competition is kept up
amongst. a number of licensees. The
And
refining of opium here, system have sprung up since
the remittance
the above
No comments yet.
Private notes are available after approval.