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491
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amongst the local Chiness, which has prevented them purchasing
raw opium and thus causing a complete diɛorganization of the Trade and * violent decline in pricɛ, reɛulting in much loss to
the Poreign Merchant and a general want of confidence in the
future.
Finally, we would wish to point out that British intereste
are ec widely and heavily involved in the opium trade that the
whole question should be approached with the uimet gravity.
Before the British Goverment involve themselves in further
diplomatic action with the Chincee, conclusive proof should be educed to clearly shew that the Chinese Authorities are mut only
well intenti ned, but have taken rteps at least proportionately equal to those being taken by way of curtailing the production
by the British Goverment.
It may not be out of place to here give a few of the most important interests connected with the trade which will suffer
and to emphasise the serious blow that will rogult to British Cosmeres if the opium trade is to ceass in the course of a few
years :-
1.
A loss of over Five million pounde sterling to India
on the sale of Raw Opium alone.
2.
A heavy blow to British merchants engaged in the trade.
3.
A heavy loss to stemmer owners, mostly British, se
4
5.
nearly all opium is carried in British bo ttomg.
A heavy loss to Fire Insurance Companies, mostly
British, who insure whilet it lɛ stored upon land.
A heavy lose to Marine Insurance Companier, metly
British, who insure raw opium whilst it is being
carried on ship board.
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