Page:History of the Indian Archipelago Vol 3.djvu/546

 530 DESCRIPTION OF The advantage of bringing teas direct from the natural marts of the teas in China will be render- ed obvious, by exhibiting a short sketch of the voyage of a Chinese junk to the Archipelago, and contrasting it with that of an European ship of the same burden from Canton. The voyage of a Chinese junk of 400 tons bur- den is as follows : Investment of black tea at 11^ c. for each ton, makes 504,000 lbs. laid in at S^d. per lb., is L. 7.350 Freight at L.4 per ton, being double the amount estimated for an European ship, - - 1,600 Insurance 10 per cent.y or five times the amount of insurance on an European ship, - - 735 Profit at 40 per cent, or quadruple that estimat- ed on an European voyage,. . _ 2,940 Total, - L.12,625 The tea imported into the Indian Islands will, at this rate, cost no more than 6d. per lb. An investment of tea brought by an European ship of the same burden from Canton will be as fol- lows : Investment of black tea at ll| c. for each ton, makes 504,000 lbs. laid in at 7d. per lb., is - - - - L.14,700 Freight at L.2 per ton, ... §00 Insurance at 2 per cent., ... 294 Port charges and duties at 4500 Spanish dol- lars, or - ... 1,012 10 Factory charges 500 Spanish dollars, - 112 10 Profit at 10 per cent., - - - 1,470 Total, L. 18,389