CO129-481 - Governor Sir Stubbs - 1923 [8-12] — Page 480

472

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„trii” adlð ráku botua

ren añoɑnca od din bedsezámos maď svaď ozia azad amo ameo re? titang ališki a ovoide rel muiqo add tadė aldadaną uzauger di antoidaniberi uvodnog moet Tuoɗısı erit badnaar yard erofed azomeda aŭs 19o dug rruzios edź yď berridños si soidusnq normeo sdt si side tant) Becsiq avobrev xot shoo aràb amivig viðhaser zaboo Ierovas to

abiejuo

outside the harbour where the ship was to be met by sampans and the opium taken off, these codes were very detailed and

enabled full instructions to be cabled). The opium was

apparently kept on the e-mpan and only enough for one day's

sales actually brought ashore at one time.

Profit. The profit made in ons transaction was small, in

one case on an investment of $2,900 the net profit was only

1229 in subsidiary coin, in another on 87,300 the profit was

$1,200. In some cases of consignment cargo the only charge

made was a commission of 5 cents per tael, in other cases a

charge was made of 2% on the amount actually realised by the

ssle of the opium. The actual expenses of the firm in

Hongkong were about $2,500 per annum. The high profite made

on a small capital were due to the very rapid turnover, for

Instance the last consignment of about 4,100 taels was

received on let November, and by the 5th nearly half had

been sold and mostly paid for; also a large profit was

realised on the arms deals in addition which was in the

nature of a double profit as it saved the expense of remit-

ting money to pay for the opium.

Associates. The firm had influentiel friends among the officials at Pakhoi, Hoihow and Swatow. Apart from the constant mention of the services of military officers as is common in such cases, there were mentions of high civil officials, including one who apparently held high judicial renk, These ofticials were not sentent with merely receiv- ing the price of their silence or blindness, but in some cases actually sent opium to the firm for sale on commission Their associates in the Colony, on whom Revenue Officers called, in most cases appeared to be respectable merchants

from the Swatow district, in a few cases they proved to be military official officers who had sought a tempoary refuge

in Hongkong; in only three cases was illicit opium found in their possession and that only in small quantities. Some documents found seemed to suggest that they had been at

one

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