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In other words, the Chinese Customs are ignored, the local Authorities collect what is in effect Customs duties, the Bank obtains the benefit thus created of foreign exchange and commercial traffic on the river which is forbidden to British ships is permitted to privileged third parties.
We are interested parties inasmuch as not only do we still desire to ship the 53 Paper we have mentioned to Hongkong, but in the future we may want to return a quantity of Messrs. Patons & Baldwins Wollen Yarn, lying fallow and unsaleable here, to Shanghai also some machinery to Hongkong, and if the Indo-China S.. Co. Ltd. succeeds in getting a Coaster to Canton within the next month or two, other cargo belonging to shippers by that line who wish to remove their goods from the port.
We have, etc.,
JARDINE, MATHESON & CO. LTD. (Signed) A. E. Smith,
Agent.
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