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416 is 'THE TEA TRADE, the Editor of the Sm,—We beg to enclose to you for publication a copy of a letter sent by us to-day to Mr, Forbes, the Chairman of the Chamber of Commerce.
We are, Sir, Your most obedient Servants, Tue Snanouar Tea Gump, Shanghai, 23rd October, 1880, Shanghai, 23rd Oct., 1880, F. B. Fores, Esq., Chairman, Chamber of Commerce, Shanghai, Sm,—In the year 1875, finding that payments for purchases of tea were often unreasonably delayed, we agreed to make a return of one-half per cent. on all payments for purchases of tea, on the understanding that all payments were to be made promptly and immediately after the weighing of the tea, and this half per cent. we have faithfully paid in all cases up to the present time.
In April, 1878, you were good enough to address a letter to us requesting us to consent to an allowance of 1-Ib. draft on each package of tea weighing 28-Ibs, and over being made to the buyer, and setting forth at length your reasons for this proposal. We duly considered your letter and
Text read from the printed page and cleaned; old type leaves the occasional error.