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QU: JALA* **Tan of obṛim ang batiyen 101 BIOKIL:-
น lim yagonal and buik temu bei: and viscromną 2002 200
402, où đế KESUNTOS DEBRidu z kuİw Junod ni med syna I
St. Cat
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ALL WO
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A 131 Obiit in mu lah. Toî qitos 10 000,005ă vilɔn dow
di uů vynuye (wow of obent and at kosyetojni
B
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Teint nkoud 101
101 king. Lavij su Liin Liou to Tiada e boa cúvaiɔyogau van To tua.... XIX ..Ìırıb
•
In quidvtugeng we moniq antibo
vind non-vintola abunga's te gandi 0
535
varies according to the locality. At Canton and Fatshan, the Company. itself regulates the sales by means of licensed shops (50) which pay a deposit of $1,000 and a fee of $100. The vendor is allowed 2 per cent of the fixed price 815 fer Chinese ounce and is liable to a fine should his ales fall below a fixed minimum. The rest of the province is divid- -ed into 62 divisions. 12 first class and 50 second class. Each division has been advertised for open tender which will be given to the bidder offering to dispose of the largest quantity ithin three months. The licence fee for a first-class is 500 and for a second-clase divisie -on $300. The successful farmer must pay cash for his stocks and deposit an additional 10% as security for his contract. He may open an unlimited number of shops in his division. There are no restrictions against smoking and even the farce of a medical certificate will be dispensed with in practice.
It is estimated that 1 chest will yield 1,000 Chinese ounces of prepared opium so that the price realised per chest will be $15,000. This should bring the monopolists at net profit of about
1 millions in 16 months, and it may be safely inferred that the temptation to mix the legitimate drug with the cheaper Yunnan article and to adulterate it with pigs' blood and lard will be too strong to resist so that the prospective profita are even larger than the figure given above. Buyers for share in the monopoly scheme have been tumbling over one another in eagerness and the present prices are quoted 100% above par.
The weak spot in the Monopoly is not a scarcity of demand or any fear of popular disapproval but the competition of smuggled opium. I am informed that the amount available for smuggling within the next year is about 1,500 chests of uncertified Indimopium via Macao, Kwangchowwan and Tongking, 500 from Formosa and 1,000 from
Yunnan.
...
In addition, there are 100 chests of Yunnanopium at Pose and 100 at Nanning. The smuggling danger is a real one for the monopo- -lists as the price is so much lower. General Lang has, however, assured his friends that he can and will deal with this danger
effectively by w menus of gunboats and military patrols. As a token
of
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