459
the direct interest of every licensee to undersell his
fellows with a view to
securing as large a portion as possible of the custom of the
consumers,
No
The farmer is not the competitor but the
licensee has the smuggler: every licensee would have to face, in addition to this competitor, the competition of every other licensee, and the result would be that, whatever regulations
might be made to the contrary, the actual selling price would be quickly reduced to a minimum, and local consumption enormously increased.
8.
Thus I have shown that one result of abolishing the farm would be, for different reasons according as either of the available alternatives might be adopted,
9.
a vast increase in the local consumption of opium.
The remaining consideration adverte...
459
the direct interest of every- licensee to undersell his
fellows with a view to ~
dst
securing as large a portion possible of the custom of the
consumers,
No @
The farmer competitor but the
has
licensee.
smuggler: every would have to face, in addition to this competitor, the competition of every other licensee, and the result would be that, whatever regulations
· might be made to the
contrary
contrary, the actual selling
would be quickly reduced
price
to a minimum, and local.
consumption enormously
increased.
8.
Thus I have shown.
that one result of abolishing
the farm would be, for different reasons
reasons according as either of the available alternatives might be adopted,
9.
a vast increase in the local. consumption of opium
The remaining consideration
adverte
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