Appendix to the Report on the Affairs of the East India Company; Administration of Monopolies. Opium and Salt Volume 4

Appendix to the Report on the Affairs of the East India Company; Administration of Monopolies. Opium and Salt Volume 4

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1831 edition. Excerpt: ...of Opium at 30 rupees the punseeree, receiving the bonus and the profit on chests sold according to their deliveries, still the effect of the rise of price consequent upon the removal of., .. restraints on the traffic and export, had been to produce short deliveries by almost every state. The native Princes or their ministers seemed to have calculated that the present gain by sale on the spot at 55 and 60 rupees the punseeree, afforded a larger profit than the bonus and the average net profit on their allotted number of chests were likely together to yield. This therefore was another cause of short provision for the Bombay sales of the past year. The resource from treaty Opium, it is to be observed, will be wholly cut off in future, as all the states have given notice of their wish to withdraw entirely from their Opium engagements after the season which has now closed, and the Government has assented to their doing so. 53. The facts above referred to seemed fully to account for the limited provision made for the Bombay sales of the season. The number of chests forwarded from Malwa, was as above stated only 3,600, whereas the information received regarding the quantity that found exit through Demaun and other places, stated the quantity at 10,000 chests, and the lowest estimate gives 9,000 chests. 54. But if a sale of 3,600 chests had been provided at Bombay in the past season, it was to be recollected that much of the article was obtained before the removal of the restrictions was known, that the agent had the benefit of contracts made before that measure was adopted, and of treaties which were not to expire until the close of the year; no such advantages would be possessed in the present season. If it were to be determined, therefore, more

Product details

  • Paperback | 80 pages
  • 189 x 246 x 4mm | 159g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236612396
  • 9781236612397