CHINA, AMERICA, ANii KMil.AND. 123 



will be the one article most extensively consumed. 

 America can, if she will. She has the soil, climate, 

 energy, and intelligence to appropriate to herself the 

 trade. 



.STATE OF TRADE BETWEEN CHINA AND ENGLAND, 

 AND AMERICA AND CHINA. 



MR. BALL has shown the expense of China teas when 

 they reached Canton and Shanghaie is per pecul (133 1 lb>.) 

 20 teals, 2 mace, 3 cash, and 17 teals, 7 mace, 4 cash, 

 or about Is.Ojd., and Hid., or 25 cents at Canton, and 

 M. cents at Shanghaie per Ib. Now, the average sale 

 price for 1849 was only 20 cents at Canton, and 16 

 cents at Shanghaie. This will show, if Mr. Ball be cor- 

 rect in his statements, that a very heavy loss must be 

 sustained, and is being sustained, on the China side of 

 ti-a matters. However, adulteration may make up the 

 deficiency. 



But, for a series of years, trade in China has been un- 



; ate for the English. The Parliamentary Commit- 



1847 declared that the loss to England, taking the 



both ways, was 35 per cent. ; and in the returns of 



the trade with the five ports of China for 1847-48, laid 



before Parliament in 1849, by order of her Majesty, Mr. 



;regor states : u From the information which I have 



gathered, I am led to consider that all the shipments of 



tea during 1847 has had a very unfavorable result for 



concerned in them. This is fully borne out by the 



fact, that while prices at home have been progressively 



declining, the prices here, particularly of the common and 



middling kinds of congou (which form the great bulk of 



export), have been maintained at the same point to whicli^ 



& 



