sent
ear
olonial hour and
labour
It would
all principle to edly as would boy in such a way her augans to the En
rices the benty fire Le peinciple of duty be justifi
p the pros of bugar ut a in the of the beducers in the mo preface could two
noment de principle. nstarted upon aping the present difficully viz, to suspend the navigation ava sugary from Holland, where moment ficenty thousand tons Here again, we meet with.
needful that those augars have not the
laws and Ed ahe stock is at ibis more than last y
though their origin 18 easily our own part, we do not think it Sir Robert Peel will adopt any of these We are mer disposed to expedients. think int he will either be prepared with some large and comprehensive scheme with a view to a of the sugar duties, based, perhaps, recent negotiations with foreign for the pupose of more efectually sup
é trade, or, if not, ont he will sim- pose the duties announced the beginning
on the result
othing, however, can be so desirable on every accourt re that a final arrangement should be made with regard to these duties, and no parties are, probably more interested in such a final settle. rent hap the colonists themselves. As long as the question is suspended in doubs and uncertainty, we are satisfied nothing really will be done to meet the new competition to which the colonies must be exposed with that earnesшess Fooner or later be which is required. But a final settlemen of the Bugar duties must provide for a much lower duty Lian any as yet contemplated in the various pro- posed plans On an article of such universal consumption, and capable of so much extension in ne use an article, moreover, watch must ever be
one of the most important objects of exchange for all tropical The manicures of this country
We couples, a high duty cannot be maintained. ale ppl to think that fourteen shillings per cwi, or three-ul pence the ib, is a low duty, and so it is comiated with what we have been accustomed to; but, when we coulder that that is about seventy- Eve per cent on the first price of sugar, we are sat- sfied a 100 ligh either for the permanent interests of the
or for those of commerce, and, mately for the revends itself
brder to give a very great stimulus to the
Consumption of sugar i should be retailed to the public at our pence per h and such an arrange- at is moment to duties is quite possible t Sment
object within four years without ang revenue in the meatome, and with an po manent increase after that period. lish this great object, we would solutions which should bind ensures with ag little delay as the restrictione to which the subjected, and then to pass a au- ng a duty of fourteen shillings on colonial augar, and one eightpebre per civt, or un Fugor the former ODE Sling and two- rate fich shillings und year coil they become pumpence per cut or would be necomplished
buse of
Duro-
nated at
In excess of
Amber
Betel Nut Canvas-Eng and
Scotch
CANTON PRICES CURRENT. IMPORTS DUTY PAID.
hhd per Ale best brands) $250 to $300
10 50 10 11 0 per catty
9:30 to 8 50 to
1800 10
34 0 to
25 0 to
THE FRIEND OF CLINA AND HONGKONG GAZETTE
good
Sin
for 14 a 15 Taels. Plain Or
frly held at 22 u 26 for ality were taken at 18 a 20; umericens have been the pur-
ed at market for which they rated Sales of the new Crop have been rket 30 Balea of first and second qua
matty having sold at 470 and 1608.
100 per bolt 200 Operpicul
85 0
Toul in 3 veasel--including the Houqua." Young Byson,
800,
Byson Skin and Tankay, Imperial,
Guppiwder,
Polat Gresik - Souchong and longong Pauchong,
Pecco,
Orange Pecco,
Ouluong,
Total Black,
Tatal Green and Black,
Canion, August, 1846.
490,209 be.
J
A
87-17 167,107
28.557. 49,005
-11
ار
11,756 lbe.
69,003 44.230..
173,676
SILK EXPORT,
83127 s.
392,605 !.
1.9-4.02 the,
(China Mail)
The Export of Rae Silk to the United Kingdom, from Canton and Shanghai, from 1st July to 30 June amounts to about 17,000 Boles ; as follows :-
London. Liverpool.
0
From Cantion, including
80 to
9 0
do.
shipments in Hongkong
Bay of silk received
3,871
1,00
Bombay,
Madrne,
Bengal
Ts. 2 to To.G
8
do,
from the Const
5 10
G
do.
From Shanghai
7,929
3,050
€ 8 to
do.
10,894
6,070
13,394
•
2 10 to
2 70 da,
26 *0, v 29 0 to 2 0 to
28 1
Oper picul
Total
16,001
300
PRICES OF BULLION.
2 20per piece
Spanish Dollars, Ferdinand, pir
18 0 to
"
15 50 10
18 50per picul 100
do.
3. 40
do.
Hoop
3 10
do.
do.
6
when we look to the rapid in- Jove and in the Southern reduction suites of North America, by which the latter will soon be rend cil more independent of the supplies ries and, chilly when we consider huw being used both in the East and West Indies, to increase the cultivation of sugar, un additional supply of 84,000 tons at the low duty of 9aad per dwl in 1850, is a matter on which any statesman niny calculate with the greateat certainty. One ord as to the fiscal effects of this plan. will be said that an increase of the present revenuel We may be obtained by a higher scale of duties. Think it probable such might be the case, but it would be at the sacrifice of commeres, and the ulumate perfect success of the scheme. The plan proposed wall lead to an additional umpori trade, aunting, of the first price of the sugar, fo 2,000,000) smually, and would lead to an export of our manufactures to a similar amount, the.pro fits and wages secured in the production of which would be a much greater bond to the country than my relist from taxation which the revenge derived from a higher scale of durs could afford, besides securing to all classes a plentiful supply of this article of universal consumption at a low price. We are salted, before ten years have passed, the revenue derived from such a duty would be greate than from any higher one which may now beim pused; and that without involving any encrifice in With the colonial planters, moreo. the meantime. ver, such a measure would meet with great appro- val; in short, we can hardly imagine any party who could object to the plan, except those who are in favour of resorting or to indirect, and relin quishing direct taxation, who are now few number. It is the most esential consuleration i all fiscal rangements that we should consider how we can best increase the ability in the coin- munity to bust the necessary burthens of the stute. They may be lightened by a greater prosperity of trade, but cannot be by a mere shifting from one source to another! - Economist, June 1āj
COMARUIAL INTELLIGENCE.
www.
SHANGHAL
Our latest letters from Shanghai are dated 29th July, Considerable purchases of Be Silk had been made in the interior for Canton aivanced prices, making the cost of the Silk laid down at Canton, inclusive of Transit Charges, a less than $450 for good Teatlee. The probability is, that the Dealers who had previously contracted to de liver to Foreigners at Shanghai al $380 for Tantlee will evade their contracts. The supply this year is likely to be an abundant one,
The market for new Congous had not ned, nor was it expected that any thing would be done in them until after receipt of advices of the opening prices al Canich. The supply of Green Te was expected to be largo, and the chief parchmeets would most likely be the Americans
Or Congou the quantity taken to the Shanghai Market This year would be less than that of last season.
Grey Shirdings had been sold at 2-302-70 for superior qualities, and White were worth 63.10 a 8.15. Woullens were looking core promising. Patna Opia had fallen to #680. Malaz, good, 8550. Very large Stocks of the Drug existed in the Nonh.
The British Troops having evacuated Chusan the English Merchants had removed their Est-
blishments to Shanghai and Niogpo.
QUOTATIONS OF BILE. Tastlee, Best.............
Cargo to good. -Inferior... Taysaam, Best....
Cochineal Copper, sheathing
Very scarce..
8.Am. Cordage, European COTTON
COTTON GOODS. White Shirtings,
Grey dio Tarn, Nos. 16 a 24 Now 20 a 42 Chintz, Furniture: METALS. 'Tin, Banca
Strails
from, Nail
16
I. Bar Steel
Tin plates Load Pig Quicksilver
$2.25 to 8 2 Böper piece
9:20 to 30 to 200
123
50 to 50 to 630 to
o do.
70 per box,
Sycee Silver, 9. 8
Carolus, 0 per cent. premium.
Republican ditto, ut par,
EXCHANGERSKA
ON ENGLAND —Private bills—6 Ms.4. 3jd 104, 1jd
Orontal Bank bills-0 Ma.de 3jd. India.---Company's accepted bills on Calcutta
210 Rupees por 100 Bp, dra.
Unnocepted 213,
On
540per picul
0 to 130 0 do. 0 to
OPIUM Patna, nes to
LU
Benares, new
"Malwa,new, good 620 0 to Pepper
Rice, Bengal Ruttons, Bacjer-
0 Oper chest
DO do.
00
do.
2490 to
5 49 per picul
140 40
1 50
do.
30 to
3 20
do.
2 25 lo
0 0
do.
8:40 to
do.
6
to
9 0
do.
8 50 to
do
Straits Rattus
wond. Malabar. Standalwood.
*Timer,& 8, 1st. Cultmetre. WOOLLENS,
Spanish Stripes Long Ella, scarlet
50 well assorted Camlets, English.
Dutch
Medium Cloth Ladies
11010 8.80 to
18 0 to
21 010
• 140 to
125 per vard
Opar piece
850 do.
19 0 do
28 0 do
210 per yard 1:30 do.
EXPORTS ON Board,
Alum Camphor Cassia
Budr Chica Roole Musk Rhubarb SILK
Tantles Teysaam Canton SUGAR
op
$165 to 160 per picul
12 0 to 19
4040 16 0 to 19 0
2.30 to
9 60 co
CD.
do..
30 do.
FREIGHTS
To London or Liverpool, 1. 15 to £5
To Amoy, 66 per ton of 40 feet
To parts north of Amoy, 768.
To London.
SHIPS LOADING.
William Gilrs, Buerohanis Ra- millies, China, Sterling and Fön ilmu.
To Liverpool
Queen Mizo
(From the Nugemore Free Press, August 13.) BASTERN ARTICLES,
Aham
Noslermand and socks very inrge. Arrack — Tbe that sale noted was at 80 per lintf lengder, and not much prospectolimbrormg, Stocki being heavyTRESS
Heca Hax Not so much in request, and could now be purchased under da por picil.
China Root - Not very saleable, and only in sineil
China Camphor-We have not heard of any sales, stock unach, reduced, and priore will likely adyngce towards the end of the year.
Cassia
Monchelli fint hands, and sales could
10 per pical
86 0 10 20 010
90 Unor Oally
540 pericul
450 385
0 to 470 0 do.
erally shleabi
0 10 9700 00 to 0 0. 4 10 to 5 90
do
do.
do.
Export of The from Chers to Great Britain, 18 July, 1815 to 30th June, 1816
Congou Gaper Souchong Finuchong
Sorta
Flowery Poke Orange Pekoe
Twankay. Hyaon Skin- Hyeon
1,614,283
XOLERI
Gum
prices
97274,007
1083, 196
#28,212
923,618
682,178
2,623,270 45 034,834 lb. Black:
more get
9.539,776
227448
1,672,560
8430 @360 to 400 8329 to 380
Young Hyeon Imperial Gunpowder
3,136,267
1,102,622
cheils
2,627,501 12 570,528 lbs. Green.
Benares an
Toul
57,605,412 lbs.
. $325 Lo 330
$270 to 310
$230.
Gungna
2-233-540
Scented Caper
33,442
inferior to good..
$210 10 300
Souchong
51,500
Bort
$5,500
Flowery Fekos
$27,000
Grange Pekos
30,100
Ecrated Orange Pekoo
732
wankey
478 163
1200
98521
106.240
95.108
2543
#136.676
Cargo to good. Inferior Yoen-Fa, Best
8330
CANTON MARKET REPORT.
IMPORTS.
The sales of Cotton during the month have been inconsiderable and prices are again lower 6.2 being the highest rate for finest Bombay trivial sales have also occurred in Tinnerely and Bengal at 65 and 7. net for the best qualities in the market.
Hyson Bkin
Kung Hyson Imperial Gunpowder
he selling slowly
gned flemand, but very
ne to market.
nonbly mauled for Eu Secouds and thirds gen-
neglected and in no de -
None in the market, and good would
sell and
Export from 1st July to date including the
William Prouse
8 per cwt
CUTTON YARN. The imports later being heavy buyers have taken alarm and sales with dificult were made at our reduced quotations, the on de mand present being for low numbers of which the stock is not excesslye
LONG CLOTHIS
OTHS Holders generally are not press les though the commoner qua ing Bales
EXP
#hate)
fors and goodAF
rading June 30th 1836, in
the mode0
ngs, the blajlar 15
fuch reducells
Barge both in frat end
Queen has imported 236 sales reported consist of 20 chests dalew cheets Türker at $520- there has been less demand for the article during the week. White has been to no demand.
Rattans Stocks increasing and price going down.
Sugar, Siam None in the market for sale; some Java offering, but we have not heard of any Bates
Sago, Pearl - Not in much demand and purcha ses have been made at 8285 per picul including cose Flour not now so much wanded for le Europe merket
Salipetre. Heavy stocks.
SPAFE nila. We hear of sales o 101 and of Nov 81 82 per 1,000,
Totouesnel Line to be had at o season's supply will soon be st hand,
On Chinz Tosk.ep
Bulls bare nisu
10 months este Bilik are 48
216 Reper 100 Several
lers but no buyera. Still much wanted.
(From the Bombay Times, Jul (14
THE MARKET Bombay 11th July,
o hare little or no change to note in the
CH CUT fast biblicution Nodales here -goods and the unty trans has come to our knowledge is Broziers Copper als 55 per Reuse and Flat Copper Bot
edme for England have dif 360 and to Ching at Rs
anger bag
m 18 400 to 800 per danded Kix months. 10 thirty day's
n price, by some free seller, among the Of
and in the absence of any ten
rales are below those oFERA
HOMOKONG 1840,
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