CO129-396 - Public Offices - 1912 — Page 518

themselves to blame that the price bid for opiv

513

India certificated for China was raised in the course

of the year 1911 to double what it was at the

beginning.

So far as "the enormous losses" sustained

by the merchants are represented by the difference

between the inflated price which opium reached in

the autumn of last wear and the price at which it now

stands, the responsibility for them cannot be justly

said to rast "on the Chinese Government alone.

I have the honour to be, Sir,

Your obedient Servant,

(S'D) LIONEL ABRAHAMS.

00

Ned