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of agreement will be found at pages of Appendix - The partnership was to date from 1st March 1880 - The Yau Wo people had to come back here within a year from their time of leaving.

It will be seen from a perusal of the Articles that the Yau Wo Company, which had now changed its name, was to derive better returns from the management than from the Chaps Shing Company, and in the course of the Supreme Court in 1880 it came out in evidence that since the amalgamation, the Government License fee of $205,000 a year was paid without difficulty, and there was a profit to the new Company - sec Daily Press 30th Nov. 1880, Mr. Jan King Sing. Page 59 of appendix.

The three years of Bon Stapi grant ended on 20th February 1882, and it was arranged to have the monopoly granted to the Wo-Ki Company - that is the old Yau Wo Company. The Wo Ki Company paid $210,000 for 1 year from the 7th March 1882 till 28th February of this year. They still held the farm at Macao, and Chap Ching was driven to arrange...

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