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Pharmaceutical Department.
Unian Hazle, Hangkong
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PONSON
THE CHINA MAIL WEDNESDAY, NOVEMBER 29, 1961.
TITANS FROM
THE NORTH
Mr Tse with his stoff in the Underwriter Bank
HE AIRLIFTED
A COMPANY A THOUSAND MILES FROM SHANGHAI TO HONGKONG
In the lounge of his villa in Headland-road, Mr K. K. Tse slowly paced the
cream-carpeted floor.
Soft light from desk lamps and floor standards wove a spell of warmth and coziness in
the plush spacious room.
Lengthwise, a glass window wall was completely curtained over, temporarily shutting
off the night-clad garden terrace.
Hands in pockets, K. K., the prominent insurance man in Hongkong, was miniscing about the
Here is how the story goes:
An announcement came over
Kob of operation"," Mr Tse repalled.
"He accepted my request. We records in 50
eventful years behind all the radio early on the morning packed all the
the luxury and comfort.
K. K. is the one who lent
*
big hand in reviving the Ameri-
of December 8, 1941, that Japan- boxes, locked them up and ese troops had enlered the stored them away in the Bank French Concession and the In- of Taiwan vault.” ternational Settlement of Shang-
can Astatic Underwriters (AAU) bal. in Shanghal after the Second
Furthermore, Mr Tse persuad- ed the Bank of Taiwan to take over his company's furniture and staff.
World War and thereby con- They were taking over the tributed, greatly to the buildup Shadghat Municipal Council, The Japanese accepted the
and newspapers, and
that bank vaults
of the sprawling AlU empire AIU, as you know, is the world- girdling American International Underwriters.
Into oblivion
Founded in Shanghai in 1919 by an American lawyer, Mr C. V. Starr. AAU would have, Ibeen scrapped into oblivion dur- ing the Japanese occupation had it not been for K.K's initiative in preserving its records, pro- perty and staf.
PRESENTATION
He did so by some "horse- | trading" · right under the noses
of the Japanese,
IT'S THE NEW RONSON CFL
the electric shaver that sets the pace for years to come!
COBEST=ÜAmn right to the band of the
window.sejatulsalve Bupir Trim grooma eldaboards mand muruslinchim.;-
ARE-SHAVE
·LÖTIÒN:
}
· HK$150)
banks ordering closed.
be proposals.
However, Mr Tsc himselt turned down the Japanese in- Three liquidators came over vitation to become a Bank of to the Underwriters Bank and Taiwan officer, another liquidator from the in- surance department of the Mitsui Bank took over AAŬ.
Bank officer
by David Lan
stranglehold of rizlā foreign ex- change control
No longer could it function as the Far Eastern regional head- quarters for Hongkong, Indone- Thailand, Singapore, Malaya, Indo-Chinn and other cquntries in the Southeast Asia.
It was
mortify."
His meiled of solving prob- Jems is "thorough sindy" "Devote a certain time to the bazio factors while you study a problem thoroughly. In- variably, you will arrive auto. matically at the sawer," Born in Changshu near a case of "move or Shanghai in 1909, K. K. joined AAU in Shanghai In 1927 as a at the age of
And the die was cast to mova sub-accountant for survival
SHI.
In 1992, he was delegated gu-
Apartment houses thority to handle AAU Invest-
Then came the
ment as well as the operation of the Underwriters Bank
Shanghai dramatto
airit of a 30-year-old com- In 1998, he sat up a new ac- pany lock, stock, and barrel counting system for AAU as a 3,000 miles fram result of AAU's rapid business Shangbal te Hongkong with expansion.
out losing a single day of
work.
And K. K. did it again!
He bought six
apartment
houses in Hongkong. During the New Year holiday, three
Five children
What with nature
and what
placefonds of staff members with nurture, K. K. has always flew south with families and been interested in figures and company records.
finance.
They were housed and catered for immediately after landing at the Kai Tak Airport.
Said he years ago, "With Ave children on hand, I'd better be interested in finance."
And now the outcome has been extraordinarily successful.
At the end of the New Year holiday they went to work in their new Hongkong office, His eldest son, Stephen, 31, a books, abacus and all!
graduate of Wisconsin Univer- Today under K. K.'s direction sity in 1955, is married with 19 AIU's Far East regional office two sons and is now working with
operations in Taiwan, with C. V. Starr & Co, Inc, in Singapore, Malaya, Thailand, New York. Burma, Vietnam, Cambodia,
Two of his four daughters are
Laus, Indonesia, North Borneo married and the remaining two and Sarawak.
are still attending college in USA.
Success principles
They are: Virginia, a
senior
at the Boston University, and Helena, a junior in Wellesley College,
As a senior representative of Here in Hongkong, there are the American International "only two of Us-the old Group, K.K. is also Director of couple," he said. "But we have the American International Ass lots of friends."
surance Co Ltd. the Under- Yes, the very last point he writers Bank, the Hongkong mentioned is his key to success Garage Ltd, and the Metropoli- in life. lan Land Co Lad.
His principles of success?
Sincerity, foresight, initiative, enterprise, vigilance, patience and opurage as you can infer from the foregoing anerdales.
"Be sincere and frank to your friends,” he advistë. “Iu the long run, they will fe good to you?"
And how he has proven ti true himself!
Immigration
and the Irish
PETER BURGOYNE'S
News from Britain
London.
In all the current rumpus about immigra- tion, and who should or should not have access to our supposedly gold-poved shores, one voice has been raised to a special pitch of indignation.
It is the injured brogue of liveli-our cousins the Irish.
Instead, he almost turned his hobby, poker, into "a hood."
of (on the British estimate) at All seemed well at first, least 70,000 fish a year, w After V-J Day, Mr Tse asked Mr Butler announced that i Some, of course, settle wall the Japanese liquidator for the citizens of the Irish Republic and become respected citizens, whereabouts of his company's would not be kept out of Bri- a bit of a problem.
But many, to be frank, remin records.
our
Crowded
The Irish labouring
man
" threatened It anything tain by the new Bill. But "Towards the end, I talked to the Japanese, liquidster goes wrong, you'll be held re- then it all boiled up again...
In any case, we know frankly that we must keep sponsible and don't think I
won't Taise hell!" he recalled Irish. Even a satisfactory end- the company records and with smile.
ing does not usually stop an that 'whoever wins the war, The pressure worked and the Irishman from continuing to works herd, and at the week- We'll need them either for a Japanese revealed that the re-enjoy a row, on the strength of and he likes a drink. If the
cords had all been sold as waste the hard things that were said only accommodation paper to a paper mill in Yangs before.
find here is rough izepoo in north Shanghai,
ather liquidation or resump
Repossession
*My colleagues and I spent days Jocating the documents and sorting them out from pile of waste paper ready to be turned into pulo any MT Bild KK.
practica
If the long chapter of The crowded, he crowds in Troubles (as between 18 and roughs it with the t the Irish) is any guide, we shall There are alarming reports not lightly be allowed to forget from one district of Birming that we even dared to suggest ham; of one house sald to con- Telieving Paddy of his immigra- tain an Irish family of nine in
tion: permit.
Influx
the front room, als In the middle room, and ten in an up- stairs room to say nothing of the twelve Pakistanis in the kitchen,
heaven they were
On one level, ba das an ex. Nor are they all workers, all there."
cellent case for remaining among seems, who are dis furniture? 5. Our building, industry, fame, Liverpool, usually on All the items had been public transport systems and day night boat from marked by AAU originally and undertakings that have come week of deserted mol
hospitals are only a few of the There have been they had been in use Inalds the
to lean heavily for labour on young children; pf
#hardly out
The feeling is wit
Bank of Talwar throughout the the Irish flux Hidespread apanese dorm on a sinong many of our indust
mone
matter of arting them
that there is great, économie' back to the old premies of AAU value in this food of
North Calna
star members
walked
sensitively
labour:
our changi
england.
Faith
bar 11111%