14
368
15
forwarded by last Mail, I referred to a probable falling off of $150,000. I think, however, on
re
e-consideration, that this
estimated reduction is too large. The Revenue derived from Opium must, as I have already stated,
be regarded under ordinary circumstances,
as uncertain, as,
17970
One hundred &
fifty thousand
no lese than 34 of the Opium those quartos: boiled and prepared here, and on which Excise duty is levied, is exported to California and Australia. The
only sertain
element
the
element on which this
Government
can reckon is the
-quarter #" which is boiled for local
overstocked markets, and a
consumption. Prohibitive duties,
reduction in consumption in
the
countrice to which it is exported,
will at any
time
seriously
interfere with the Revenue from this sourse, which has latterly amounted to about one fifth
the
of the whole Revenue
of Colony. The serious interruption to trade in consequence of the
hostile
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