728493-1842-13-Oct-1842 — Page 3

THE FRIEND OF CHINA AND HONGKONG GAZETTE.

balance of the six millions we may add was principally extorted Merchants.

Capitula tion the Mandarins, to maintain the

which has li

At the time Hong |

119

may soon be expunged from the nomenclature of legislation. Its legislative application is not to Commere but to Women and Children,

We see the Western Bank of India (which joint stock speculation has recently been started) is now fairly agoing. Some time since the original Bank on the plea of redundant Capital petitioned the Governor General in Council, for leave to open a

Our Island, as a British Colony, will experience of deception which

branch establishment at Calcutta and was refused systein; and our enterprising community will not many of the alleged advantages of the Protective tained, officially informed the Emperor, Seeing this, we are at a loss to conjecture the roube slow in taking full advantage thereof. It will that the piratical proceedings of the Engay, happen the regulations of the first wore valing disadvantages, attendant on this false sys-

son of another Bank being founded. lish barbarians had so crippled trade that to

enjoy these immunities with less of the counter- avert greater calamities they had been ringent for the due circulation of its Capital, tem, which are severely felt by most other colonies: compelled to advance this amount to the

if so the existence of another similar establishment notwithstanding this we are yet sure our intelli- may be ne Hong merchants. Vide our Translation

trast po sion too necessitated.

the circulation of Bombay may be the re- privileges, if they were to be purchased at the ungeen expan- gent merchants, would unanimously reject all such in No. 19.

and if as is said a branch is to be planted on our Island, we hope the conduct of it will be mark viz, A FREE PORT.

sacrifice of the inestimable boon, we now possess,

Payment being now pressed by his Im-ed by the greatest care and circumspection, as perial Majesty, the Mandarins from persist-

Care

money a power of almost unlimited issue would be

ing in her ch driven to /ould the Chinese once take (as they would) paper

apply to Hong

sum

||

Export of Tes to Great Britain from lat Oct. 1840

230,762

Nay more, created, which would be liable to be most grossly to 30th September 1841. we are assured, they threaten to compel abused." this payment in addition to the of Ricardo well remarked that no government or $ 3,000.000 which they allege was required institution, which had the power to issue paper mo Congou 21,651,991,

Bohea ney but what had abused it. Those most acquainted Caper by H. E. the Plenipotentiary at Nanking with the Chinese assert, but a few in payment of the debts of insolvent. Hong elapse, (after the establishment of a Bank) when years would merchants. Experience warrants us in it would be found that many millions of paper saying the Hong merchants have been more money would be circulated or absorbed, if the na- sinned against than sinning.

tives were once satisfied of its convertibility into Silver, on demand.

Their monopoly has been more benefi cial to the Mandarins than themselves.

SIR ROBERT PEEL has done himself much hon- our by his manly avowal, that he will not consent to the introduction of any measure, which would impose a differential duty, in favour of Assam Tea.

We yield to none in our attachment to the true strength,glory and pride of Britain; its ships, colonies and commerce. We can however, as Dr. Franklin

044 048 Souchong, 640 298

Hong Moi 127,769 Sorts

Pekoe

126,450

Twankay Flyson

2,298,034

1,400,774

Hyson Skin Young Hyson

190,052

1,163,976

Gunpowder

1,041.290

Imperial

420,334

319,217

Totul Green

6,515,360

Ditto. Black 24,420,593

£30,935,953

Or: Pekoe 779,460

Export of Tea 19. Great Britain from 1st Oct, 1841 10 30th September 1842.

Bohea 1,007,004 Congou 30,763,495 Caper

Souchong 669,863 Hong Mai 390.325

The grievous exactions on the Foreign Trade, have been made by the local Au- thorities; who have convincengly shown that at Canton at least, there are but two classes, the plunderers, and the plurdered.

This attempt to squeeze so large an said, pay too dearly for our whistle which may amount from the Hong merchants who are have been the case of the West Indies and Canada, mostly indebted to us may seriously affect seeing that John Bull is content to pay the former (by the protecting duty on Sugar and British interests. It is only necessary to Coffee) of £7,000,000 per annum for the privilege Pekoo mention t

this matter and we know it will of selling them some £3,500,000 of commodities, Ur: Pekee 840,531 receive the attention it merits from H. E.

which they could no where get cheaper than from In our issue of August the 4 we said him. The Timber of the latter he admits na the Edict of the Emperor requiring repay encouragement of the dry rot and an annual loss of preferential duty over that of the Baltic, to the ment of the alleged loan, might operate €1,500,000; whilst he has the

1

a bonus

disastrously on our commerce at Canton. porting thither Goods of thesolation of ex-

Com-

We are informed such an effect would be now justly apprehended, did not mercial community confidently rely on 1 E. averting this impending calamity."

H.

It is notorious that the ^axtra-èxactions, consequently enhanced cost of Exports, and diminished price of Imports, have already more than reimbursed the Chinese for the Canton Ransom. We can confi- dently aver il

that the $21,000,000 to be paid us by the late Treaty will be raised wholly at the expense of the Foreign trade if the proposed extortion of the Canton Mandarins be permitted to take effect. Those of the Hongs who cannot pay, and soma of those who can may perhaps be coerced into Bankruptcy, and now that the Consoo fund is abolished, the loss accru- ing to us may be serious whilst to the Man- darins it will be a final and a glorious `squeeze.

£2,000,000.

The Colonists allege, this is part of a system called Protective. Our notion of this System is;

that the ingenuity of man never devised a more

Sorts

270,813

Twankay Hyson Hyson Skin

3,353,553

1,671,505

253,126

Young Hyson

1,105.478

Gunpowder

638.999

98,861

Imperial

806,513

694,935

Total Green

Total Black

7,629,176 34,682,472

£ 42 261,643

Export to England for month ending 30th Septem. ber 1842.

Congou Caper

63,960 2,969,152

1,480

Souchong Sorta

20,316

2793

34,778

38,447

86.286

447,528

273,647

738

224,26370

139,147

72,518

4,369,971

Bohea

cunning one, to extract the greatest amount of money from a suffering people, with the least amount of odium or risk, a

Hongmoi We

are fortified in this opinion, when we find Pakoe ledge (Vide Blue Book men of the highest intelligence

and practical know- || Or Pakoe ing the cost to England of the Protection, accorded Hyson

601) variously estimat- Twankay to the landed interest, at from 31 to £36,000,000 Byson Skin Sterling per annum. Mr. James Deacon Hume, Young Hyson who for 39 years held an official situation in the Gunpowder the Board of Trade this man of whom the late Customs, and for 11 years was the Secretary of Imperial Mr. Huskisson said he was entitled to the lasting gratitude of the country:" to whose merits on a In 9 Vessels registering Tons : ·9636, late occasion Lords Ashburton, Lansdowne, Ripon, and Sir Robert Peel bore handsome testi- mony this man, then maintained that our Pro- whole of the Tates, say £50,000,000 per annum. tective system, cost the people more than the

conceive,

With reference to the enhanced price which this System gives to all articles of food, he said before a Committee of the House of Commons the actual money paid, and the evil effect computed in money, would be more than the

whole revenue the Country

It not surprising that Sir Robert Peel repudi ated the idea of creating an Asta monopoly

090 4.3

Export of Tea to United States for following Seasons end

ng 30th June.

Season

1836 and 1837

16 581,467

I ad and

and

38

39.

15,185,067

9,821,067

40

19,333,597

and

t

8,361,806

S431

and 42

13,500,337

Our past monitions were not duly heeded, we hope our present, on this subject, will be so soon After the Treaty of Peace we confox we bardly expected the Mandarins old venture to attempt to neutralize its

It may not be wholly inappropria Whist we are on this subject, to illustrate the

TO THE QUEEN'S And Honorarle Company's Na- provisions and render it of nothing worth

effects of these Protective laws, by a citation from VAL AND MILITARY EXPEDITIONARY

FORCE, The intervention of ILE. will, we have that truly practical Statesman and Philosopher, 1929 AT PLIMEN NEDOSIN CINOW ON SERVICE IN CHINA. no doubt, frustrate, entirely this nefarious Dr Franklin. He says, Suppose a country X scheme and explode such preposterious pre-

with three manufactures a Cloth, Sille, Tran; tensions to the winds; whilst proper guarous of increasing the vent and raising the price of

supplying three other countries AB, C, but desir antees will be taken for future good bcha-cloth in favour of their own others. In order to viour in this respect.

do this, she forbids the importation of foreign cloths from A. A, in return forbids Silks from X. Then the Silk workers complain of decay of trade and to content them forbids Silks from B. Bin Then the iron forbids the aturn forbids those prohibi- mmon Stock

By late Bombay papers we perceive the rate of return forbids iron ware from X. Freight on Cotton is quoted to China per Candy to Hong Kong 12 if to We are told this difference of freight wit

to more than for per Cent on the original the Cotton-

Not takbig into Canton

count the local

workers complain of decay and

of fron from C. C What is got by

the

All Commissions, or Orders, from the above; Beer, Spirits, Comestibles; as well as every other for Supplies of any kind and quantity of Wines, description of English, French, American and Country Goods, that could be possibly enumerated; all of first rate quality, procurable m' Calcutta at the very lowest market prices of the day too; are promptly attended to, and executed with great judgment, fidelity, punctuality and despatch by

MESSRS, THOMAS WILTSHIRE & Co. General Agents for the Civil Service and Army

No. 01 WATEULEY STREET,

CALCUTT.