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464
opium locally consumed would under that system undoubtedly be smuggled into the island. One immediate consequence of the alteration of system would therefore be a large decrease of revenue.
A like effect would ensue if a system of licenses (to which it will have been seen that there are other insuperable objections) were substituted for the farm. This is not a matter of surmise; we have here recent experience to guide us.
110. In 1883 a system of licenses was substituted for the farm in order to meet a combination amongst the farming class. The increase in the revenue in that year from opium was entirely due to the fortuitous circumstance that there was a great rush to get opium into America before the enhanced rate of import duty came into operation there. In the following year the receipts fell.
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opium locally consumed
· would under that system. undoubtedly be smuggle
into the island. One immediate consequence of the alteration of system would therefore
ве
large
decrease of
revenue.
A like effect would ensue
a
if
a system of licenses (to which it will have been seen.
that there are other insuperable. objections) were substituted for the farm. This is not matter of surmise; we have here.
recent
recent experience to guide
110.
In 1883 a system of licenses was substituted for the farm
in order to meet a combination
amongst the farming class. The increase in that
the revenue
in
year from opium was entirely due to the fortuitous
circumstance that there was
a
- great rush to get opium into America before the~ enhanced rate of import duty
came into operation there. In the receipts following year the
the
Fell
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