Of those who dig for it the most intelligent, distinguished by the name of sudagar or merchants, are intrusted by the rest with their collections, who carry the gold to the places of trade on the great eastern rivers, or to the settlements on the west coast, where they barter it for iron (of which large quantities are consumed in tools for working the mines), opium, and the fine piece-goods of Madras and Bengal with which they return heavily loaded to their country. In some parts of the journey they have the convenience of water-carriage on lakes and rivers; but in others they carry on their backs a weight of about eighty pounds through woods, over streams, and across mountains, in parties generally of one hundred or more, who have frequent occasion to defend their property against the spirit of plunder and extortion which prevails among the poorer nations through whose districts they are obliged to pass. Upon the proposal of striking out any new road the question always asked by these intermediate people is, apa ontong kami, what is to be our advantage?
PRICE.
When brought to our settlements it was formerly purchased at the rate of eighteen Spanish dollars the tail, or about three pounds five shillings the ounce, but in later times it has risen to twenty-one dollars, or to three pounds eighteen shillings the ounce. Upon exportation to Europe therefore it scarcely affords a profit to the original buyer, and others who employ it as a remittance incur a loss when insurance and other incidental charges are deducted. A duty of five per cent which it had been customary to charge at the East India-house was, about twenty years ago, most liberally remitted by the Company upon a representation made by me to the Directors of the hardship sustained in this respect by its servants at Fort Marlborough, and the public benefit that would accrue from giving encouragement to the importation of bullion. The long continuance of war and peculiar risk of Indian navigation resulting from it may probably have operated to counteract these good effects.