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the following terms:- "I learn confidentially that yesterday
"Treasurer submitted to the Governor-General a proposal
"likely to be adopted on following basis:- Collection to
"be transferred to syndicate of 16 dealers who, being
"authorised to raise levy from 30 to 50 cents per ounce
"commencing from 1st. day of 1st. moon (1.e. 30th. ultimo),
"guarantee for first month total actual collection less
expenses, second month $200,000, 3rd. and following
"months $240,000. Proceeds to make up loss anticipated by
"abolition of Gambling Monopoly".
2.
On the 28th. ultimo Mr. Jamieson
informed me by telegram that the Governor-General of the
Liang Kuang Provinces had approved the scheme and that it
would come into force on the 30th. ultimo.
3.
I enclose a translation handed to
this Government by Messrs. E. D. Sassoon and Company of a
proclamation which has been issued by the Provincial
Treasurer of Kuang Tung containing eight new regulations
the effect of which is to transfer to the Canton Opium
Guild the Monopoly previously held by the Kuang Jung Yuan
Company and to raise the tax from $280 per chest of raw
opium to $480 per chest. The Regulations have also appear-
-ed in the Local Press.
Penclosure 3.
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