Series 4 > William Melrose in China, 1845-1855
(217) Page 132
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WILLIAM MELROSE IN CHINA
sending out ,£5,000 had I invested some part of the funds previously
sent. My next letters would take accotmt of a good deal being
invested, so I will expect the -£5,000 by next mail or next again,
and should anything appear cheap here in the meantime, I will buy
it in anticipation of it coming.
I will try to get another Chinese Bible and some of that fancy
tea you wrote for last mail.
I will take a trip up to Canton next month and see what is doing,
but I don’t think I will stay long. Exchange is very high this month
so that if I buy anything I won’t ship it for some months, when
there may be a chance of the exchange being lower.
Rothwell who took my place in Jamieson’s goes home by this
mail. He wanted a letter of introduction so I gave him one to
Andrew. He is to call on James at Liverpool. Nothing new; today
it is quite cold and cloudy. I have got down some samples of
Souchong from Canton and am examining them. Kind remem¬
brances to all.
ps. Dr Watson’s friends are going to stay in Buccleugh Place,
Edinburgh. Aggie should give them a call. Stedman I think is the
name; they are I should think nice quiet people.
William to Mr Simpson
Macao, 26 November 1850
I have yours of September. You seem very much disappointed
that no common Congou has been shipped, but after all I suppose
you will have made more out of the Gunpowders and Capers than
you would even had common Congou been shipped. The purchases
of common Congou made here in March and April will leave a
little profit but nothing to speak of. There is nothing to be had now
here under Tls 14J and 15, which at 5s. is far too dear; and as I
have said before, you never can buy common Congou here at a
margin on the home prices. To buy it is generally buying altogether
on speculation of a rise and that can be done much better in England
than here. You can get common Congou all the year round in
England but it is only at the end of the season here it is to be had.
You will see I am at Macao this month. There are still about
£2,000 of the bank bills to sell yet, but as exchange keeps up to
WILLIAM MELROSE IN CHINA
sending out ,£5,000 had I invested some part of the funds previously
sent. My next letters would take accotmt of a good deal being
invested, so I will expect the -£5,000 by next mail or next again,
and should anything appear cheap here in the meantime, I will buy
it in anticipation of it coming.
I will try to get another Chinese Bible and some of that fancy
tea you wrote for last mail.
I will take a trip up to Canton next month and see what is doing,
but I don’t think I will stay long. Exchange is very high this month
so that if I buy anything I won’t ship it for some months, when
there may be a chance of the exchange being lower.
Rothwell who took my place in Jamieson’s goes home by this
mail. He wanted a letter of introduction so I gave him one to
Andrew. He is to call on James at Liverpool. Nothing new; today
it is quite cold and cloudy. I have got down some samples of
Souchong from Canton and am examining them. Kind remem¬
brances to all.
ps. Dr Watson’s friends are going to stay in Buccleugh Place,
Edinburgh. Aggie should give them a call. Stedman I think is the
name; they are I should think nice quiet people.
William to Mr Simpson
Macao, 26 November 1850
I have yours of September. You seem very much disappointed
that no common Congou has been shipped, but after all I suppose
you will have made more out of the Gunpowders and Capers than
you would even had common Congou been shipped. The purchases
of common Congou made here in March and April will leave a
little profit but nothing to speak of. There is nothing to be had now
here under Tls 14J and 15, which at 5s. is far too dear; and as I
have said before, you never can buy common Congou here at a
margin on the home prices. To buy it is generally buying altogether
on speculation of a rise and that can be done much better in England
than here. You can get common Congou all the year round in
England but it is only at the end of the season here it is to be had.
You will see I am at Macao this month. There are still about
£2,000 of the bank bills to sell yet, but as exchange keeps up to
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| Scottish History Society volumes > Series 4 > William Melrose in China, 1845-1855 > (217) Page 132 |
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| Permanent URL | https://digital.nls.uk/127697181 |
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| Description | The letters of a Scottish tea merchant, edited by Hoh-cheung Mui and Lorna H. Mui. |
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| Shelfmark | SCS.SHS.146 |
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| Description | Over 180 volumes, published by the Scottish History Society, containing original sources on Scotland's history and people. With a wide range of subjects, the books collectively cover all periods from the 12th to 20th centuries, and reflect changing trends in Scottish history. Sources are accompanied by scholarly interpretation, references and bibliographies. Volumes are usually published annually, and more digitised volumes will be added as they become available. |
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