4
27
declared in the witness box in the libel case mentioned
Care
above that he owned $800,000 himself, and that another
million belonged to his family of which he had the
control. The chief men who managed the farm seem to
have been Fung Chok I and Pat Tui Kim in Macau, Lee Hyson and Ko Ho Ning in Hong Kong, and of all these Lee was the chief. From a prospectus of the company issued by Lee for the purpose of raising capital, a copy of which in English came into my hands, it appears that subscribers were not to have any control or voice in the affairs of the Company whatsoever, they were only entitled to interest on their money, and the return of their capital at the conclusion of the farm with a bonus if any such had been ained by the operations. was taken to state that the money of the subscribers though put into the Yue Hing Company was only to be considered as used in the acau Opium Farm, and that they would have no claim on any profits the Company might make in other business. This other business it will appear was a huge trade in Persian opium wholesale and retail, in the raw state, which had nothing whatever to do with the monopoly for the preparation of and sale of prepared opium in Macau. In the accounts however no distinction is made between money received from the sale of raw Persian and prepared opium. The capital of $3,000,/ would of course never be required for the normal trade in prepared opium for sale in Macau, and was unquestionably used largely in the financing of direct imports of Persian opium from Persia, by the whole ship-load.
In one case in these books there is mention of the name South Transportation Company, as a name under which permission was obtained to import Persian Opium,
COC