CO129-129 - Sir MacDonnell - 1868 [1-3] — Page 80

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effect

on

those, who have little acquaintance

with China, it

may

be

as well to remind

Your Grace that at present the receipts

hom the Stamp Ordinance do not average

a

rate likely to produce more than from

$60,000 to $70,000 per

awwww.

H. On the other hand in

my

despatch

"No 394 of the 12th November last, I had

34167.

the honor of describing the magnitude of Analyzes of

The Commercial transactions between

Storeigners

and the Chinese Empire,

shewed that last

preached

a sum

year

(the)

Foreign trade

with Chinas.

and Pristing with

Blue Bath!!

those transactions

altogether amounting

to about boo millions of dollars. In that

and

Commerce long tong has directly, indirectly a principal share, either locally, through representatives of its resident

D

British and Foreign

Houses. The imposition

of the Stamp duties has moreover the peculiar advantage of reaching many

transactions conducted outside the limits

of the bolony,

and

may

be said to be

haid in London, Paris, and other

partially paid

European centres of traffic whilst it is connected with a liade which the

Imperial fleet and Ganison here is available for protecting

12. I cannot, therefore, but feel that if such extensive commercial business is unable to support the comparatively trivial imposition

of $7

$10,000, or even

000, or even double that amount per base so wide,

amum distributed over a

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and if the "Commercial existence of this

beslony is seriously endangered by such