CO129-254 - Governor Sir Robinson - 1892 [1-4] — Page 516

507

Council given held

on

at a meeting

the 29th January last,

I have leased the Opium

to

Lo Wa-

Farm of this Colony Mess? Lum Sin-sang, Ho- Pai-sang, Yau Wing, shin and Ho Lin-wong, trading under the style

of

"the Haw Fook Company,

for a

d

term

of 3 years ~ from the pet instant at a

rent of $340,800 per annum,

$136,200 per

annum less

than was received under

>

the contract which has

just expired.

The cause

of this.

decrease is to be attributed.

to the practical monopoly

of the export trade to

countries other than China

enjoyed by the farmer of the Macao Opium Farm, to the restriction under the

new contract of

of the number of chests of raw

opium which the Farmer draw annually

may

to 1800

the

instead