A hundred years ago
From the 'Spectator', 15 January 1870—The full accounts of the new Chinese Treaty do not dispose us to regard it with more favour, and we doubt if it will be ratified. We have really got nothing from the Chinese except an exemp- tion from transit duties in nine coast provinces, not even the right of using steamers on the rivers, and we are to give in return an increase of 50 per cent. on the tariff for Manchester goods and of 20 taels per chest on opium. Lancashire will not like the one or India the other, for though opium can 'bear anything, the Government does not want to be forced to cheapen the drug and therefore increase its use. Several leading firms in the City have already protested against the treaty, and it certainly is a very .weak affair. It would be worth while to give 10 per cent. ad valorem for free access by steam to the interior of China, but to give 24 per cent. and perhaps a million of Indian revenue, and get nothing for it. is childish. If it is Lord Clarendon's policy not to 'press' China, do not press her. Leave her alone, and leave off tinkering at the treaties.
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