mit of the market by declining to grant sub-licenses under Section 11 of the Ordinance.
8.
To the interests of the Colonial Revenue this has operated detrimentally. Yet so strongly entrenched had the Monopolists become that a single Firm could, with the one year's profits accruing from lease of the Farm, stand against them, and practically Government was in the hands of the Monopolists.
9.
The enclosed Return exhibits Endorsement No!) the amounts which the Monopolists, referred to have paid. I also enclose a copy of the Indorsement No2/1858.
406
7.
On the last occasion, when the old Monopolists were outbidden by Li Pak Ching of the Sai Wing Tin (formerly Known as Wo Dang), an enterprising and most substantial trader, who is the owner of much land and property in the Colony.
10.
Primarily the Farm was let, as I have reported, to Li Pak Cheong for one year as the highest bidder. The longer period with the increased rental, however, was not granted to him as not only was his offer such a manifest improvement upon what had hitherto been.
6.
mit of the market by dedining to grant sub- licenses und or Section !! of the Ordinance.
8.
To the interests of the Colonial Revenue this has operated detri- mentally. Yet se strongly outablished had the Mmopolists become that single Firm could, with the
мо
one
year's
profits accruing from lemure of the Farm, stand
agmint them, and practically Gramment
9
was
in the hands
of the Monopolists.
the
no2f1n
2 of 1858.
The enclosed Retum exchibits Endome Mo!)
the amounts which the Monopolists, referred to have paid. I also
copy of the Inders which Enlume No2/
anese
were received
406
7.
the last occasim,
when the old Monopolists were aut. bidden by Si Pak Ching of the Sai thing Tin (formerly Known as Wo Dang),
an
enterprising
and most sublantial trader, who
is the
anev
have property
10.
of much land and
the Colony.
in the
Primarily thre Fann
was
as
let, as I have reported, to Li Pak Cheong for one year
tis Imon was the highet. The longer period with the increand
Pender
rental, havever,
er, was
him
as not only
was
granted to
the offer
such a manifest improvement
expon
what had hishats been
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