541, p. 222, under
the article _Tea_. It is said that the profit of one pound to sell at
7_s_. is 2_s_. 2_d_.
_s. d._
Thus, cost price 2 5
Duty 2 5
Profit 2 2
____
7 0
In all retail houses of any respectability in the Tea trade, I am sure
that Tea costing 2_s_. 5_d_. at the sale is never sold above 6_s_. per
lb. and in five out of six shops of the above description 5_s_. 4_d_.
and 5_s_. 6_d_. is the utmost price demanded for such Tea. I and my
family have been in the trade, in one house, considerably more than half
a century, and I can assure you, that from 6_d_. to 8_d_. per lb. is the
present retail profit upon Tea sold at the East India Company's sales,
under 3_s_. per lb.
S.
In reply to this note, the authenticity of which we do not question,
we can only refer the writer to our distinct quotation from "the
evidence of Mr. Mills, a Tea Broker, before the House of Lords.' In our
15th volume, No. 414, p. 104, the proportion of profit is differently
stated from an article in the _Quarterly Review_. A pound of 11_s_.
Hyson
_s. d._
Costs at the Company's Sale 4 4
King's Duty 4 4
____
8 8
Retailer's profit, brokerage, &c.
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