CO129-447 - Governor Sir May - 1918 [1-3] — Page 336

די

COPY.

Macao Opium Farm: 1918 1923.

Estimate of a year's working.

330

1.

Cost of 500 chests Raw Opium 0 82,500

2.

per chest c.i.f. Macao.

Cost of boiling and general administra-

-tion of Farm,

.$1,250,000

150,000

3.

4.

Rent to Government (payable in notes),.....

Loss on sub-coin 10% (sales are on a

.... 6,676,000

sub-coin basis),

5.

Interest on capital of $4,000,000 €10% p.a...........

676,000

400,000

89,152,600

Production.

500 chests @ 1,400 Taels prepared opium per

chest...

89,152,600

700,000

$13.07

..700,000 tnels

Therefore sale price of prepared opium must be over $13 per thel

to cover expenses.

Present price is $12 per tael. There is no special quotation for "Export". Legitimate export, sc far as it ever existed, has come to an end with the closing of Mexico to Opium.

(Sd.) D. W. Tratman,

Supt., I. & E.

6th. February, 1918.