CO129-481 - Governor Sir Stubbs - 1923 [8-12] — Page 156

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151

the Chinese officials in Yunnan Province with the French to

allow the chipment te Haiphong by rail of 530 tons of Tunner raw opium. The opium in this report may possibly be part of this.

The price paid for the raw opium in Haiphong was £1,50 to $.05 per taal, the average being $1,65, the present price there appears to be $1,60. The average sale

price in this Oslany maɛ 18,04 par taal, the present price appears to be about 12,40. The cost price of let quality prepared Kamehan Opium packed in 8 tael tine is $4.20 per tael (Hongkong Monopoly price being #15 for the same quality Kontion is made of Goverment Raw Quim being on the market at Haiphong at 12.18 per tasl, but the yield percentage i.e. eť prepared opium, is said to be low, though the appearance of the geeds is excellent. I do not understand this refer-

ence, but it points to the fact that the supplies of Indian

opium are excessive, and to some syrian shereby a certain

mount becomes available for export te Hongkong. Supplies

of Chinese ran opium at Haiphong are said to be very

plentiful, end in June this year 600,000 tacle are expected

to arrive there, and the syndicate are told to have no fear

as to continuity of supplies, Mention is made of a

foreigner having 20 tone of Chinese raw opium for sale but

as the broker demandad £50,000 as an introduction fee the

agent of the syndicate did not intend to bid for this lot.

In Hongkong the epium never seems to remain

lang on their hands,

days in most cases suffices to dispose of

sele amsignment, customers appear only too eager to

take it off their hands at a considerable, though not excessive, profit. It is stated that for consumption in China a considerable amount of adulteration is admissible in the case of prepared opium, and that it is possible to put such opium on the market in China at 83,40 a tael, but for the Hongkong market only a pure article is saleable and

the