three years -
An important financial Change of this nature should not be made without giving the Secretary of State an opportunity of expressing an opinion on the proposed scheme, just as a matter of course that you should inform them that the matter has not been brought before us without allowing copy notice wrong the consideration of this question to be deferred until a period of the year which prevents your being placed in possession and acting upon my views, before the termination of the present License.
In the difficulty of an earlier period, Letter... the case, ...
have that accautioncel I have thought it best to Telegraph to you in the following words - Instead of Auction call for tenders for open Monopoly for one, two, three or four years. Do not accept longer terms unless considerably in advance of that offered for the shorter period.
My reason for adopting this course is that I find that the revenue derived from the Opium Monopoly has increased from $72188 in 1866 to $118444 in 1871 and I therefore hesitate to sanction the proposal to lease the Monopoly for three years.
Page 503
three years -
An important inancial Change of this nature should
hot bome be made without
piving the decretary offtate
au
opportunity of repressing
an opersion on the
proposed scheme, gust it
a
smatter of expret
that you
Ingret them for
that the matter has
nos hought befor
have allowed comy notice wron
the consideration of this
question to be deferred
until a percod of the
Jear which prevents youn
thaw
being pland in possession and acting upon of my views, before the
termination of the present- License
In the difficulty
Barlier
period. Lette present Тринит the case,
сий
503
have that accautioncel
I have thought it best to
Telegraphe to you
in the
following words -
duatead of Auction call for tenders for opene Monopoly
for one, two, three or
foun
years. Do not accept
louper terens unlus considerably
in advance of that offered
for the shorter period.
Muy
reason for
adopting
this course is that Ifund
that the revenue derived
from the Opium Monopoly has mereased from $72 188 in 1866 to $11844 in 1871 a Itherefore hesitate to sauction the proponal to lease the Monopoly for three years
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