405 years.
Three up to Public Auction for The Notification which thereupon issued expressly stated that the Government did not bind itself to accept the highest offer, and it was not our intention to let the farm for a longer period than one year unless substantial advantage was gained for a longer period.
It was necessary to decide without delay what was to be done as the lease then held by the Monopolists terminated on the 28th February, and it was of considerable importance to give as long notice as possible of the sale with a view to inducing traders in Canton, Macao, and elsewhere to enter into competition for the Monopoly.
6. With this explanation, I will proceed to give further information as to the character of the Monopoly lately held by certain Chinese residents of the Colony, in order that Your Lordship may understand the grounds on which the Government has acted.
In 1863, five Chinese firms, trading under the name of the Yan Wo Company, carefully and successfully obtained the Monopoly, and they have shut out every other trader.
4.
405
years.
three
up to Public Auction
for The Notification which itrereupon issued expressly stated that the Greenmment did not bind itself to accept the high et offer, and it was not our intention to let the farm for a longer period stron
لم
wa
to bu
substantial advantage
one year unless
gained for a longer period.
necessary to decide
21
was
without delay what was to be done as the lead then held
of
by
cause it was
on
the Monopolists terminated on the 28th Filmany, and of
ensiderable importance to give as an
long notice as posible
of
of the sale with a view to inducing traders in Canton, Macas, and eboowhere to enter into
The Monopoly.
competition for
6.
With this explanation I will proceed to give further informa tim as to the character of the Monopoly lately held by certami Chinose residents of the Colony, in order that You Lordship may understand the grounds
ow
which
itie Gevemment has acted.
Time 1863 five Chinme
as
the Yan Wo
have succesfully
firms trading Company
carefully
shut
obtained
they have
the Monopoly, and they
every
ocher trader
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