CO129-425 - Governor Sir May - 1915 [10-12] — Page 378

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lemorandum of Agreement made the first day of October One

thousand nine hundred and fifteen between the Companies firms and persons whose names appear at the end under the heading "The parties of the first part" of the one part and His Excellency Tsai llai Huang the Special Envoy appointed by the Government of the Republic of China by

Presidential Mandate dated the 30th. April 1915 for the prohibition of

the sale of native opium in the Provinces of Kiangsu, Kiangai and Kwong -tung (hereinafter called "the Envoy") of the other part whereby it is

agreed as follows:-

1. The parties hereto of the first part shall sell md the Envoy shall purchase 1,200 chests of certificated opium of which 806 shali be chests belonging to the parties hereto of the first part (as hereinafte defined) or held by them or some of them for sale on account of hers as set out opposite the signatures to this Agreement of the parties hereto of the first part and 394 chests shall be chests obtained by the parties hereto of the first part from Shanghai.

2.

All opium sold to the Envoy under this Agreement shall have been certified by the Indian Government for export to China.

All opium purchased under this Agreement shall be sold or dis- -posed of by the Envoy for consumption in Kwangtung and no opium shall be shipped to Kiangsu or Kiangsi.

3. The Envoy shall pay for all opium purchased on delivery in thị Hongkong notes of a British Bank carrying on business in Hongkong at

the following prices:-

For Malwa Opium (0ld and/or low)...

Guzerat Kalwa

·

Patna

Ben aros

4.

.

1

$9,300 per picul.

.89,110

.89,150 per .88,950

shest

*

•

All payments for opium from Shanghai shall be made in taels

and the prices set out in clause three snall be converted into Taels at

the rate of taels 79 for each 100 Hongkong Currency and payment made accordingly and drafts shall be draw on Hongkong against documents in respect of each shipment from Shanghai and such drafts shall be met by the Envoy at the above rate of exchange. Non-duty paid opium from

Shanghai