CO129-440 - Others & Individuals - 1916 — Page 693

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& Co. were originally appointed agents. He was also con- sulted as to the appointment of Chinese sub-agents in Yun- Wuchow, Hethow, Pakhoi, Suitong, Yaukong, Sitkee,

Kongmoon, Kwangcho uwan, Swatow, ste and I believe, per-

sonally operated the Hoihow agency for some time.

nan,

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So far as I can gather, this agency was on a

strict oqmission basis and certain charges such as

part of the staff, gedom-man, boat and coolie hire for

landing and transhipping, etc. etc., were debited monthly

to the Tama Co. Further, allowances for leakage to the extent of 6 cases per 1000 were made to the sub-agents,

whose soumission was 10 cents per case. Compradore com-

mission

The turnover Hongkong/Canton, I understand,

1# about 190,000 onses per annum, the "season" being the

five months Octr/leby.

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FINANCE I am not aware as to the method adopted by your

good firm with regard to this, but understand that the Char

tered Bank used to carry the cargo for R.B.& Co each par-

by keeping one key to the Godown, so that deliveries could

only be obtained with the knowledge of both, such delive-

ries being paid for to the Bank against D/O signed by them

Whether this system would be feasible under present condi-

tions, I have not ascertained, but I have no doubt that

similar arrangements could be made with one or other of the

Banks here, I have met of scurés approached the H & S Bank

on the subject, preferring to await your news as to whether