CO129-390 - Acting Governor Claud Severn - 1912 [5-6] — Page 311

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(To accompany Enclosure 1.)

303

Hongkong, 7th. June, 1912.

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The Chairman,

Hongkong General Chamber of Commerce.

Dear Sir,

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We regret to be compelled again to bring before you

the extremely unsatisfactory condition of the opium trade and would request you to be good enough to forward a telegram to H. B.

m's. Minister at Pekin drawing his attention to the serious state

of affairs.

We would suggest wiring as follows:-

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"Heavy decline of Rs. 1700 per chest between lay and

*June Indian Government Opium Sales clearly demonstrates the "serious effect on the trade due to disregard of opium agreement "by Chinese Government stop. Position of British merchants owing "to heavy depreciation has become serious stop. Indian Government *continue monthly sales notwithstanding inability enforce ob- '-servance of treaty stop. Under circumstances only solution "Indian Government should discontinue selling Bengal and Malwa "pending adherence treaty stop. Hongkong and Chartered Banks con- "-firm seriousness of situation and need for relief without delay".

In connection with the concluding paragraph of the telegram we beg to say that we have obtained the authority of the

Hongkong and Shanghai Banking Corporation, and the Chartered Bank

of India, Australia and China.

We would further request you to ask the Colonial

Secretary to despatch a telegram in the same sense to the Foreign

Office.

Thanking you in anticipation.

We are etc..

(Sd.) David Sassoon & Co., Ltd.

(So.) E. D. Sassoon & Company.