The Life of Sir Halliday Macartney, K. C. M. G., Commander of Li Hung Chang's Trained Force in the Taeping Rebellion, Founder of the First Chinese Arsenal, for Thirty Years Councillor And Secretary to the Chinese Legation in London

Cover The Life of Sir Halliday Macartney, K. C. M. G., Commander of Li Hung Chang's Trained Force in the Taeping Rebellion, Founder of the First Chinese Arsenal, for Thirty Years Councillor And Secretary to the Chinese Legation in London
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The importation of sugar would then stop, which would be a loss to all, for nobody would benefit from it. The merchant would suffer because his business had been stopped, the peasant because he was deprived of the cheap and nutritive food which rendered him more fit to undergo the labours of the field, and even the Govern- THE ARRIVAL OF THE MARQUIS TSENG 317 ment, which in its greed sought to fill its coffers, would lose the 5 per cent which it formerly obtained.
Marquis. Does Japan not grow t
...he sugar-cane ?
Sir Harry. No, or at least to a very inconsiderable extent. The Japanese poor could never afford to eat sugar until the importation of the Chinese article put it within their reach. The Japanese Government do not think of these things, for though in some respects they are very clever, in others, again, they are very dull and shortsighted.
For instance, wanting to raise a sum of eight million dollars they would say to themselves, 5 per cent now produces a revenue of two millions, let us raise the rate to 20 ; and because 5 per cent gives two millions, and 4 times 5 make 20, we shall then have the eight millions which we want.


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