The History of Java, v. 1-2Raffles, Thomas Stamford, Sir
History
The History of Java, v. 1-2
Raffles, Thomas Stamford, Sir
Java (Indonesia) -- History
In consequence of these heavy and valuable importations, the returns to
Bengal were till lately made principally by bills, obtainable either
from government, or individuals desirous of purchasing colonial produce
for the European market by means of funds in Western India. But there
are also several articles, which experience has proved well calculated
for making their returns direct to Bengal, particularly Japan copper
and teak timber. Java is known to abound with valuable teak forests,
and the quality of the wood has been considered as superior to that of
Pegu or the Malabar coast. The restrictions under which this export
was formerly placed as a government monopoly, prevented its finding
its way beyond the immediate Dutch dependencies; but the extent to
which it was even then sent to the Moluccas, to Malacca, and to the
Cape of Good Hope, where all the public buildings are constructed of
Javan teak, sufficiently attests the value and extent of the forests,
as well as the good quality and durability of the wood. This valuable,
but bulky article of export, is always in demand for ship-building
in Bengal, and has afforded to the merchant a very liberal profit on
exportation, after paying the present government prices, which are
calculated at something above ten per cent. upon the actual expence
of cutting and dragging the timber from the forests to the port of
exportation. During the last two years, large ships have taken cargoes
to Bengal, and afforded very handsome profits. From the neighbourhood
of _Rémbáng_, where permission has been given to individuals to cut the
timber, on paying a duty of ten per cent. on the estimated value when
worked up, it has not only been exported at a cheap rate to Bengal, but
several ships have been constructed of it, while along the whole line
of coast, from _Semárang_ to _Grésik_, small vessels and country craft
are launched every month.
But although the direct trade with Bengal has thus been always against
Java, the demand for sugar in the Bombay market always affords the
means of a circuitous return of capital. Large quantities of Javan
sugar have been exported to Bombay during the last four years,
principally on the returning ships in ballast touching at Batavia on
their way from China, and these cargoes have afforded considerable
profit. A lucrative trade in this article is also sometimes carried
on by the Arabs to the Red Sea, and particularly to Mocha; but Arab
traders, of sufficient capital for these extensive speculations, have,
by the effects of the former monopoly on Java, long been driven out of
the market, and sufficient time has not been given for them to return.
Public-domain text, read in full here on John Shaqi.
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