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Flagships of ImperialismThe P&O Company and the Politics of Empire From Its Origins to 1867$
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Freda Harcourt and Sarah Palmer

Print publication date: 2006

Print ISBN-13: 9780719073939

Published to Manchester Scholarship Online: July 2012

DOI: 10.7228/manchester/9780719073939.001.0001

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From India to China: P&O and the opium trade, 1845–57

From India to China: P&O and the opium trade, 1845–57

Chapter:
(p.86) Chapter Three From India to China: P&O and the opium trade, 1845–57
Source:
Flagships of Imperialism
Author(s):

Freda Harcourt

Publisher:
Manchester University Press
DOI:10.7228/manchester/9780719073939.003.0004

This chapter discusses the role played by the steamships of P&O in the opium trade. P&O started to transport opium from Bombay to China in 1847 and the low volume and high value of opium made it an ideal cargo. Mercantile houses and investors also gained from P&O's steam operations in terms of increased safety, speed and reliability and reduced insurance costs and interest on loans. Back cargoes on the China line to Bombay consisted largely of gold, silver and specie while silk and tea cargoes were taken to Europe. The Calcutta–Hong Kong–Shanghai line of P&O was advertised in 1851 and received no subsidy from the Government. The aim of the line apart from transporting opium was to prevent other influential parties from becoming its strong competitors.

Keywords:   steamships, P&O, opium, Bombay, China

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