ntinent, as estimated by Messrs. Hutchinson, in
their letter of the 10th Sepr., 1771, is assumed as the whole, as from
the mode in which they were under the necessity of making their
estimate, it was liable to error, and 19,200 chests is more than has
been hitherto annually imported from China by all foreign companies.

2ndly. That this calculation is formed upon Bohea tea only, the species
of tea already consumed there; yet it is probable by degrees other
species might be introduced, the vend of which may be more profitable to
the Company. 9600 chests of Bohea tea, each containing 340 lbs., makes
3,264,000 lbs., if sold at 2s. 6d. Boston currency, (which is 4d. lower
than it appears to have been even at the time it was purchased in
Holland, at 15 stivers, or under 18d. pr lb., amounts to

L408,000
Deduct 25 pr cent. for exchange, 102,000
Sterling, L306,000
Deduct 6 pr cent. for commission and charges, 18,360
Annual net proceeds before the American } L287,640
duty is deducted, }

_Application of those Net proceeds to the following purposes:_

To the revenue for the duty on 3,264,000, @ 3d. L40,800

To the ship owners, for freight from England to
America, if according to the present rate of
15 pr chest, 7,200

To the ship owners for freight from China to
England, according to Sir Richard Hotham's
plan, of L21 pr ton, of 10 hundred weight, or
for every 3 chests of tea, 67,200

To the purchase at Canton, if at 15 tale pr pecul
would amount thus: say 3,264,000 lb., divided
by 133-1/3 for each pecul, makes peculs 24,480
@ 15 each, is tales 367,200, which, at 6s. 8d. pr
tale, is sterling, 122,400

Commission on the purchase in China, 6,120

Charges of all sorts, rated at 10s. pr chest, 4,600
------
248,320

To the Company for Net profit after all deductions}
whatsoever upon the most reduced } 39,320
estimate, upwards of 30 pr cent. on the purchase, }
or
------