CO129-491 - Public Offices - 1925 — Page 454

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411

A

(D) from Kwong-Chow-Wɛn, where the system was to import

on Government account half yearly consignments of 250

chests each, which were put up to tender among about 80

approved dealers, the upset price being fixed by the

"Shanghai market price". How this market price was

ascertained by the French Officials is a rather baffling

question, considering that there has been no legitimate market for Opium there for 8 years. The price paid in

Shanghai is known to have fluctuated between $12,000 and

$15,000 per chest. The opium was sold ball by ball and the

purchasers of the balls again retailed the opium out in

amall quantities to suit the buyers. The price made at

the sales in Kwong-Chow-Wan varied from $6,700 up to over

$8,000. Macau has been purchasing Indian opium in Kwong-

Chow-wan, and the present arrangement with the Farmer is

that he pays & certain sum for each chest he imports to the

Macan Government, but that if he succeeds in obtaining

Indian Opium direct from India he is to pay $3,000 more

per chest on the opium so obtained, obviously because this

represents the benefit to him in the reduction of first

cost over opium purchased by the various indirect routes,

i.e. via Persia or Kwong-Chow-wan. It is probable that mos

of the Indian opium imported into Kwong-Chow-ian has been

exported in the raw state to China, especially shanghai,

until recently when the Macau farmer began to buy his Indian

opium there owing to the restrictions imposed by the Indian

Government on direct purchases by Macau. I do not remember ever coming across any Prepared Indian Opium, which was probably prepared in Kwong-Chow-Wan.

13th August, 1925.

(Sd.) J. D. Lloyd,

Superintendent of Imports & Exports.