728734-1845-26-Jul-1845 — Page 4

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800

THE FRIEND OF CHINA AND HONGKONG GAZETTE

tary and naval stations in and on the Atlantic; ani they serve to guard, not only the trade of the Atlan tic Ocean, but that of the Baltic and Caribbean Seas, and the Gulf of Mexico, exactly in the same way that the stations in the Mediterranean protect the trade of the Black Seas. The expense of the Cape of Good Hope ought to be shared between the trade of the Indian Ocean and the Atlantic. In the In- dian Ocean we have Aden. Mauritius, Ceylon, the East India Company's territories, the Straits settle- inents, and Singapore. In the China Seas we have Hongkong; and in the Pacific, New Zealand and the Australian colonies.

promulgation, and a most decided protest entered against the measure passing into a law. A meeting of the European merchants of the colony was held on the 25th of October, and resolutions passed rondemning the ordinance, and appointing a com- mittee to memoriulise the local Government on the subject. A memorial was accordingly drawn up and generally signed, and it was agreed that it should be presented by deputation, which was done on the 30th. The memorial when perused was found to be couched in extremely strong and em- phatic terms, and considered to be wanting in the respect due to the governing authority. It was returned to the memorialists the next day, with an Our Mediterranean trade, and half our trade with intimation that the termsused in it were so objec France, Spain, and the Barbary States, gave em tionable that it could not be received. Prior, how ployment in 1810 to 338,904 tons of British ship. ever, to its return, and while the committee were ping outward, and to 215,274 tons inward, bound; yet in ignorance of the unfavourable opinion enter- to 207,764 tons of foreign shipping outward, and Lained with respect to it, the agitation amongst the to 212,777 tons inward, bound-in all, to 074,719 Chinese inhabitants had increased to such an ex- tons. Our trade in the Atlantic, Baltie, Carribbean: tent that all business was suspended, and apprelien Seas, and Mexican Gulf, with the half our trade to France, Spain, and the Barbary States, gave cm- rions of rioting began to be felt; a second memo- rial, therefore, was sent in, expatiating on the alarmployment in the same year to 2,559,471 tons of ing aspect affairs had assumed, and praying for an British shipping outward, and to 2,533,738 tons in- immediate official notification of the suspension of ward, bound; to 1,337.738 tons of foreign shipping the obnoxious enactment. This communication outward, and 1,363,379 tons inward, bound; in all, met with a gracious reply; it being stated that, as to 7.794,323 tons. The cost of our military and all "seditious rioting" on the part of the Chinese naval stations in the Mediterranean in 1835-6 (last bad ceased, the Governor and Council were pre-year for which there is uny retura) was 413.3107 pared to reconsider the ordinance, and receive all 12s. 6d; the cost of our military and navals tations proper suggestions, with a view to its amendment and colonies in the Atlantic (attributing half the or abrogation. The authorities had not at this time expense of the Cape of Good Hope to this head), received the answar of the committee to their letter, was in the same year 1,210,7677. 118 4d. The returning the first memorial, which contained a cost of protecting the trade of the Mediterranean reassertion of some of the "objectionable" senti- amounted to about 11. for every two tons and a half ments to which expression was given in that docu- of the shipping employed; the cast in the Atlantic to rather less than 1. for every six tons employed: ment. When this reply reached them, they appear

and in this estimate rio acount is made of the ex- to have taken fresh offence, and a letter dated the 2nd of November was despatched to the merchants, tensive inter colonial trade. Our trade (foreign and Etating, "Could the Governor and Council have fore colonial) in the Atlantic, 4c., where we have co seen such unbecoming persistance in the expression lonies, is protected at less cust than our trade in the of their opinion, however veiled by a disavowal of Mediterranean, where we have none, intentional disrespect, the Governor and Council would most assuredly have abstained from paying the smallest attention to the second memorial." On this same day (the 2nd of November), a public meeting of the inhabitants was held to take into. consideration the proceeding of the committee, and resolutions were passed approving of what had been done. Copies of these resolutions were for warded to Government in reply to the above quoted letter, but were returned by the clerk of Councils the next day, with an intimation that, as they were not properly and respectfully worded," he could pot lay them before the Council,--Įbid,

EXPENSE OF COLONIES.

SI ROBERT PEEL, in his otherwise unexcep. tionable financial statement, lent countenance to the vulgar error that colonies are a source of great ex- pense to the nation. And, what was worse, the only

There is another important fact to be taken into account. The military and naval stations are ex clusively a source of expenditure of the mother country in the colonies is materially reduced by the reverine raised from customs duties and postage, and other sources. The colonies contribute their. fair quota towards the expenditure incurred by the mother country for the protection of her trade and their own; or, where this is not exactly the case. they might, by jadidcious niausgement, bo made to

dio 80.

COMMERJIAL INTELLIGENOS,

SINGAPORE.

EASTERN ARTICLES. ARRACK, Batavia.-Sales at 973 per half leage. BEES' WAY.-Wanted for the Java and oiler Markets. Sales of 20 piculs at 8314 per picul.

CLOVES, Bourbon-Nonc. A moderate supply would sell at about 821 a 22 per picul.

CAMPHOR, China.-No salca bave been reported, The import per Yanchi is for transhipment.

FLOUR, Sydney, -Sales of 285 bags at 81) per. bag.

GAMBIER. Has been sold at various rutes from 81,623 to 1,70 per picul. ·

GAMBOUGE,Much wanted but no supplies ex-

pected.

GUNNIES.-Stocks continues large. Sales at quotations.

Gum Benjamin.-Of first and second qualities wanted for the Europe Market.

Hipss, Buffalo-Picked command $4 a 41 per

picul.

Oriva. The Hero has imported 100 chests from

No sales have been reported in Patau Calcutta Several chests of Benares have been sold at $695 a 700 cash und 8715-2 mouths. Malica-of good quality saleable. Turkey-none in first hands sales by second hands at $650 Since the arrival of supplies from the 4th Sale the price of the Bengal Drug has gradually advanced and holders are him at the present rates altho' there is very little demand at present and the stock rather heavy. PEPPER, black. Rhio and Singapore.-Scarce and wanted Supplies would readily command 84,15 a 4,48 per picul. White-su'es at $7 per picul.

Rice, Arracan, —Sales of long grain at 841 and course at $13 per picul. The article has been in some demand for shipment to China.

SAGO, Pearl.-In good'dernand; sales at 83,10° with cases-and Flour at 32,50 u 2,00 per pical.

SAPANWOOD.-Wanted.

SKO ARS, Manila - No. 3. None in the Market. --100 boxes of No. 4 have been sold at $0 per 1000-but there is some difficulty in selling any quantity.

Tis Straits-The-competition amongst Europe an Merchants to secure arrivals still continues and good Straits now cominands S01 por picul

Wunar- Imports from Calcutta but no sales have yet been made,

EXCHANGES.

ON ENGLAND. →Bills at 6 months sight have boen sold at 4s 2d and 4s 214 at which rates there are more buyers than sellers.

Our trade with the Indian Ocean gave employ

This ment, in 1840, to 324,865 tons of shipping. is the tonnage of the vessels sailing to and from British porte: it does not include, the enormous in-

ON CALCUTTA.—The Treasury continues clog- ter-colonial and "country trade"-so much of th prolit of which aithnately flows into the proket ofed and no sales of Private Bills have been reported.

ON CHINA-Bills have been sold at par. the British capitalist. The expense of protecting

TONNAGE. Much wanted, several cargoes heing ready for item which Sir Robert admitted as a set-off to their half the expense of the Cape, was 342,666/ 158, | Liverpool and London,

this trade-the expense of Mauritius, Ceylon, and

£4.10 45 would be given cost was the national honour and glory, John Bull, 5d. The expense of Aden. Singapore, and the straits

for Gambier. Juckily for him, prefers solid pudding to empty settlements is borne by the Indian Treasury, and praise; and were the colonies no better than a fea- the East India Company contributes to the payment of the English regiments serving in India. A re ther in his cap, purchased by a great annual ex

venue is raised in Ceylon, Mauritius, and the Cape penditure, he would soon throw them overboard.

is therefore high time, when we find a statesinan colony to diminish the expense of the naval and of Sir Robert's calibre announcing with axiomatic military establishments kept up thero. For want dogmatism that the colonies are the great cause of of sufficient date, we cannot estimate, as in the case our expensive military and naval establishments, of the Mediterranean and Atlamic, the expense of to expose the erroncousness of this opinion. The protecting our trade with the Indian Ocean; but enought appears to show that colonies, and even colonies are, on the contrary, a means of saving.

extensive territorial dependencies like ludia, are they are an economical means of protecting our

less expensive means of protecting commerce than trade.

more stations like Malta or Bermuda.

In the China Seas we have not had until htely either colony or station, with the exception of Sin. gapore (standing nearly in the same relation to the Indian Ocean and the China Seas as the Cape does to the Atlantic Indian Ocean), managed and paid for by the East India Company. We have not therefore any data for estimating the cost of com

£3

- £3 10sa £4

£3. 10s

U to 290.to

Camlets, English

Dutch

18

Medium Cloth Ladies

43

! 9 to 120 to

do. do.

200 30 D

25 per yard 1 30.

do.

N. B.-Woollens are very dull of Sale at these quotations,

EXPORTS.-On Boaud,

0 to 60 Oper picut

2 40 to

900 to 0 Oper catty

30

450 0 to 470 .0 do,

ཚོ ཛྫིཏྟཱརྱ་སྐཧྨ

Alum | Anniseed Camphor Cassia

$ 175.to

2. Oper picul

10

0. to

0

0. do.

16

0 to

22 0

diu.

10

h ta

11

.t.

do.

Buds

17 0 to

18. 0.

do.

China Roots Galangal Musk

2.50 to

8.0

do.

0 0 do.

Rhubarb

SILK.

T'satice

Taysaami Canton

350 0 to 385 0

do.

280

0 to 350 0

du.

TEA.

Congon

13

0 to

23 0

do.

Caper

0

0 to

0 0

do.

Souchong old

13

0 to

20 0

do.

Orange Pekoe,

20

New

0 to

30 .0

do.

** fine scented -

0

0' to

0 0

.do.

Twankay Hyson

0

0 to

0 0 lth.

43

0 to

65 0

do.

Young Hyson

120 to

22 :0. do.

40 37

Hyson Skin Gunpowder Imperial

0 0 to 0 n

0 10 50 0 do. 0 to 47 0 da. The first of the new Congous were shipped by the con Mab" and "Hesperus," The marker opened at extrava gant rates, about twelve chops having been settled for at from 39 to 43 Taels. Other teas are dull of salo, the adviers. by the April mail of the great depression having rendered buyers cautious,

EXPORT OF TEA TO GREAT BRITAIN FOR THE SEASON, COMMENCING IST JULx 1814, ENDING 30TH JUNE, 1815, IN

Congou Caper. Souchong

103 VESSELS.

ths. 31,878,261-

Black leaf Pokos. Pouchong Sorts

Flowery Pekon Orange Pekoe

Taukay. Hyson Skin. llyson Young Llysand Imperial. Gunpowder

1,355025 1,312,508

137.661

47,526

414,546

631.751

1,798,542--40, 176,019

2,951.474 202.062

2,1-3,185

2,963,697

1,233,328

2,314,601-11,859,427

'Total

52,336,346 lbs..

95 Ships loaded at Canton, at Shanghai and one at Hongkong.

Erport Season 1843-44 in 101 Ships, including A from Shanghai.

Cong

28.508,249

Caper.

498,066

Sotelong.

1,563,603

Black leal Peke Forts.

273,827

4-4929

443,277

por 20 cwt. Orange Peke

13

1,193,976-42,517,500

4,079,147

075.8.1

Tarkay Hyson Skin.

Hyson Young Byson Inperial Gunpowder

1,274,123

1,165,177

FREIGHTS TO LONDON & LIVERPOOL for Pikue Antimony Ore, 10s. Pio, €1 Sugar in bags, Gambier in baskets, Coffe,

per 18 cwl. Black Pepper,

per 10-cwt. Hides, Cassia,

por box. Measurement Goods, £3 10s per 50 cubic feet. LATEST DATES.

£3 10s £3 15s 78

دو

From England, 7th May via Bombay From Bombay, 11th June per Prince of Wales. From Calcutta, 11th June per Hero. From China, 23th Muy per Red Rover, From Manila, 3rd May via China. From Batavin, 18th June per Elizabeth Walker,

(Singapore Free Press, July 16.5

2so July, 1945. IMPORTS.-Dory PAID.

With regard to the Pacific, the latest return of CANTON PRICES CORRENT, expenditure for colonics and stations embraces only New South Wales, and Van Diemen's Land and Western Australia. The last has been every way too sadly bungled an establishment to admit of nay argument being drawn from it, though it is not impossible that it may have had an undue share in deciding Sir Robert Peel's views rega ding culonie".

The cost of New South Wales and Van Diemen's

commerce.

It appears, then that the system of maintaining naval and military stations has been adopted with a view to economy Expensive though they be, they. are less so than the more numerous fleets, exposed to more wear and tear, would be, that must withon them have been cimployed to protect our foreign

commerce.

We have, according to Sir Robert, 45 colonies; and the necessity of protecting them, he saya, is the reason why we are obliged to keep up so large and costly an army and navy. The most recent accounts relating to the colonial expenditure of the mother country enumerate only 40 colonies and dependencies; to these are to be added South Aus- tralia, New Zealand, the Falkland Islands, and Hongkong. This is only 44; but possibly Sir Ro-mercial protection there. bert includes Aden and Singapore-striking off Fernando Po, which figures in the last return. Now, of these colonies and dependencies Gibraltar, Malta, Bermuda, Ascension, Heligoland, and the Ionian Islands cannot by any perversion of lan- guage be called colonies. They are stations oc- cupied at a considerable expense, without any pros pect of a pecuniary return, for the purpose of pro- tecting our commerce. They are occupied, and the outlay for fortifying then incurred, as the least Land was, according to the last retours, 451,2207. 14s. 2d; but the whole of that sum was incurred expensive mode of protecting our distant commerce. They are occupied and fortified on the calculation in managing these settlements on the principle of a that, by maintaining these fixed garrisons at advan- great goal of penitentiary-it was not even expend tageous points, and keeping up the communicationed to protect our colonial, much less our general, by comparatively a few ships of war, our trade can be protected more economically and effectually than by the multitudinous fleets we should other wise be obliged to keep constantly afloat. If wo had not a single colony we should still require to have such military and maritime stations spread over the world. As it is, some of our colonies (as for example the Cape of Good Hope and Nova

But there is yet a more broad and comprehensive Scotial were originally occupied as military and

view to be také of colonial · expenditure. Had the naval stations. The expense of the military and naval establishments in the colonies is to be carried United States still continued in the colonial relation to this country, the same expense for protecting to the account of our whole foreign commerce, as

flects, armies, and for diplomatic agents in Europe, we shall immediately show. A good part of it- the whole expenditure for New South Wales and Asia, and Southern America-which Great Britain now incurs for itself alone would have sufficed Van Diemen's Land, as stated in the latest return

for both. By sundering the colonial nezus, America ought to be entered in the national accounts, not

has incurred the expense of its own savy, aray under the head colonies," but under the bead "secondary publishments, or "penal establishment." (small though it be), and diplomatic staff, in addi- tion to ours; and Great Britain has incurred the ad- The comparative amount and value of different

diticual expense of its diplomatic staff in the United branches of our foreign commerce may best be es

States, and that part of its army and navy which timated approximatively freni a comparison of the Our

has been rendered necessary by the United States tonnage of the shipping employed in each, commerce may be classified as trade with the Medi-haring become an independent, and at times hos- terranean, the Atlantic, the Baltic, the Pacific, the tile, state. Great Britain and Americs may have Indian Ocean, and the China Sess. We have gained in some respects by their separation-we colonies and dependencies in the Mediterraneni, bave our doults whether either of them have gained the Atlantic, the Indian Ocean, the Pacific, and thereby on the whole-but the expenditure for na- the China Seas. Let us see what proportion the tional defence and the defence of their commerce cost of our possessions in each of these districts Is been immensely increased. The truth it that bears with the amount of the trade, to the protec- colonies are a means of keeping a race united as tion of which it contributes. Not one of our pos. one, nation, even when it becomes too numerous for sessions in the Mediterranean are colonies: the its crgininal bome The arms, the intellects, the trade which they are instrumental in protecting is sered-up wealth of the inhabitants of Brisis and that with the colonies entirely within the basin of its colonies, are available for the common defence, the Mediterranean and Black Seas, and half the and for the development of the empire's territorial trade of France, Spain, and the Barbary States resources, instead of being always in rivalry, and the other half belonging to the Atlantic division of sometimes at war, as is the case with our quondam We have both colonies and mili- I colonies on the mainland of North America. -fbil,

our commerce.

Ale (best brands) Amber

Betel Nut

Canvas-Eng, and į

Scotch Cochineal

Copper, sheathing.

$16 06518 0 per hi! 10 50 to 11 Operenny 4.50 tu 0 0 per pical

S.Am. Cordage, European COTTON, Benbay, Į

sh. ps. Ts. New

Madras Bengal

44

597,674

1,304,531 - 9,296,547

Total 41:811,067

Twist

Bombay Bales,

do. Bengal Madras do..

COTTON REPORT. Canton, June 1st to 30th, 1845.

1.400 1841 Deliveries. Stock.

17.368 32.014

2.696

2.6053

11549 19.613

31.013 5-1.92

Total, Including Dorisana.

BANK OF WESTERN INDIA, EXCHANGE.

BELTIC felon at 6 months sight per Sp. Dollars,

3 days sight

.

i.

"a dags might red or

on demand... ↓

The Nation

Bank of Scotland

and its Brancurs at a daya' might a

40.

lo. itu

The Branches of the Pruviturial

Bank of Ireland at. 1 day's sights

Ón Calcutta at 60 days sight.... iss. 226 per Sp. Dolis. Jón,

30 day sight.... Aults at sight.....

112

0 to

D

perbol

INDIAN

0 to

V O perpicul

225

,, 224

Jor

du.

24

V to

0 O do.

+

20

0 to

{} ()}

0 to

}

du,

0 to

7

do.

Bombay at f days' sight..

56 days' sight.

5 daya' night.... Club at Clay might LOCAL-On Canton or lacno at 60 days'

10 da. sight

222 +1.

5.

1422

tari

do.

232 du.

"Highe

Par de,

4 per ces prorpiura

its, kt

4 to

.7 *→

0 10

7.0 0

1.

0. do,

-

2.50 to 260 to

3 10perpiece

3 lu do.

Va.

sto,

Nos. 1s a 33

Бе Nos. 3 & 42

20

.23 32

Q tu 27 50perpicul

Cuaron-On Loans and Cash Credit Accents

0 to 20 U

do.

Security of Bullion or Goverment puper.

dr.,

to 33 0

15

dor

to

de

0 to

156,

· pay lens,

COTTON, GOODS. White Shirtings, Grey ditto Yarn, Nos. 16@21.

་་

-

Chintz Fumiture. - Nom wal METALS. Tin, Bancr ** Straits Iron, Nail

+

Hoop Bar

+

04.

per cent premia

Bears 11. & M. Rustonijen & Cn. are authorised to grant brafta at

Canton 2nd Sacar payable in Hongkong without. Charza, BELLION-Mexican Dollars received at 109 per Sp, Dolla, Bỡ.

EI Company's, Rupees at 225 sycee....

at per Cent, paninum. INTEREST.

Akuowan,--On Deposit at monthe Notics a per Cent per Annum

4 months Nutice

En Lost and Flash Credit Acionante

other Security...

320per picco DRCUPET-On Coat Shile under a muntha a

14. 0 10

18 Sliper picul 16 50 to 16 0 do. 2.20 to 2.99 do. 2 60 to 270 do. do.

2.50 to

£ Ú 10

2.60.

+

5 50 do.

7 20 10

}

0 per box

4 30 to 120

Steel Tin plates Lead Piz Quicksilver For Export. OPIUM. Patna, new, 739 Benares, new. 710 *Malwa,new good 750 **Turkey

i

*

Deb.

Pepper

Rice, cargo quality Rattans, Barjer="

massan

5 Oper picul

0 Uper picul

kt,

dlu,

4 wities COMMISSION,

On Current Aregunts......

On effecting investments or other of special Agency 1 per fient. 2.1. Current keemats of which the annual Tam-uver egrende 18,ana Dollars, ure sufpret either,ta nadlez corumissione, ag dan huge ein at a perparticoats bepmit generally reagina is the segnafið,

SHARES IN DOMBAY, Bank of Western Coliage 57 to 38 pare erah promitha

PRICES OF BULLION.

Sycee Silver, large, & per cent, premium.

Spanish Dollars, Ferdinand, par

ཏྭཱ

Carolus, 101 per cent.

Republican ditto, 3 to 1 per cent, discount.

EXCHANGE.

Bills on Londonat 6 months sight, 4s. 31 ́ per Sp.

Dollar: Treamry eloved.

Navy Bills, 45. 21 to 43. 34. per Mexican dollara, Court of Directors accepted Bills, eus

per 100 Spanish Dollars

0

i

do.

U to

0 to

0 Oper chest!

0 Ú do.

-

to

0 મ di

· 350. 0 1

5 30 to 10 to

0 0

do.

20

do.

2 40 to

3 10

do.

To Amoy,

5.6 to 盒

13 "

tip

T 0

4 25 to f

1

0 to

-

Sandalwood, Malabar

*Timor,&S.S, AL Saltpetre. WOOLLENS.

Spanish Stripes Long El, searhet

$ 30 to

4:30 to

well assoned - flexsy Stacion prices vlasýt podmah

FREIGHTS.

To London or Liverpool, £ 4 10,

6 per ton of 40 Get

To ports north of Amoy, 7 @.8 *

429.

do. From the recentanirala tostage in abundant and freigha

do.

4 10per yard

0 Uper piece

do.

have mauled to 2-4, 4, or £ 4. 1).

Edited, Printed and Published by Joux Cami At The Friend of China and Hongkong Gozde, Printing Office, Queen's Boat:

Hoxagons 1845,

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