The Cultivation and Manufacture of TeaMoney, Edward
Science
The Cultivation and Manufacture of Tea
Money, Edward
Tea
During the year 1878, out of every 100 lbs. of all descriptions of
Tea consumed in this country, 23, or one in about four-and-a-third,
was Indian Tea. Last year the proportion was 31 per cent., or nearly
one in three.
These figures show, in the clearest manner, how steadily Indian Tea
is becoming popular.
The unevenness of the quarterly deliveries of China Tea in the year
1878 and 1879 is due to the apprehensions felt in those years that
the duty would be increased. In consequence, clearances were hastily
made before the Budget announcement, and the deliveries immediately
after sank to very low figures, increasing again as stocks of
retailers were depleted. In March, 1880, again there was a pressure
to clear Teas, which brought up the total deliveries of the first
quarter to a high level. A considerable check was given to deliveries
of Indian Teas during the latter part of 1881 and the early part of
1882 through the rise of prices during that period.
The most noticeable feature of the last three calendar years is the
stationariness of deliveries of China Teas at the reduction from the
level of both 1878 and 1879. Approximately the deliveries of China
and Indian Teas in the five years ending 31st December in each case
may be given, in millions of pounds, as follows:--
1878. 1879. 1880. 1881. 1882.
China 121 125 115 111 113
Indian 37 35 44 49 51
The deliveries of China Tea have _receded_ from 125 million pounds
in 1879 to 113 million pounds in 1882, while the home consumption
of Indian Tea has _increased_ from 35 million pounds to 51 million
pounds in the corresponding years.
Notwithstanding the supply of Indian Tea for the season 1882-3 is
estimated at the unprecedented figure of 55 million pounds against
the actual imports in the previous two season years of about 50
million and 46 million pounds respectively, it appears not unlikely
the consumption of 1882-3 will once again, as in 1880-81, overtake
the supply and reduce the stocks by July next to the equivalent of
less than three months’ deliveries.
We find that there has been received to the 31st December last,
33,218,000 lbs., leaving to arrive 21,782,000 lbs. for the six
months ending 30th June next, to make up the estimated supply of
55 million pounds which, according to Indian advices, will be
available for shipment to this country. The imports of the current
six months, therefore, will be but slightly in excess of those of
the corresponding half-year, when 20,948,000 lbs. were received; for
although the shipments of 1882-3 are expected to show an excess of
more than five million pounds over 1881-2, exporters this season have
hurried forward their Teas early and in the six months ended December
31st the arrivals in the United Kingdom were 32,218,000 lbs. against
only 28,947,000 lbs. in the corresponding half of 1881.
Public-domain text, read in full here on John Shaqi.
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