(_To the Editor_.)
As I have been a subscriber to _The Mirror_ from its commencement, and
very frequently refer to its pages with much pleasure and profit, I hope
I may be allowed to correct a statement made in No. 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.