Duplicate Copy
16
No.384/29..
Translation.
萄
芳蔺策
Dear Brother-in-law WONG LAN CHAK,
In reply to your letter which I received recently I
beg to state that I have noted all its contents.
I am happy to learn that the business you planned has
progressed successfully and that everything is going on smoothly. You are indeed to be congratulated.
(1) It is important for you to urge payment for all the goods ordered by various shops, whoever may be the man responsible for payment. Any outstanding accounts will
prove hopeless, if they are allowed to accumulate. accumulate. For instance, the goods ordered by the KWONG SHING.
新發華 Though I have invested £500 in the capital of the SAN FAT WA,
it will be enough if you trust them to the amount of $700 at
廣鼎 the most. We should do the same with the KWONG TAI YUEN,
麼
盛
兴 the KWONG TUNG SHING and the WA HING and should not trust
them with more than £100 £200.
If we are careful, there will be no need bad debts. We must
see how much capital the managers of various shops have put into their shops. If they have taken goods to the full
amount of the capital they own, they should be further
credited with goods valued at £100 - 2200 only. This is my
桂干
frank advice. Some time ago "Uncle" KVAISHUN sent me a lette saying that he would help me to take up shares to the amount of $2,000. I do not know whether he has paid the money to you yet. If he has paid to you, you must go on (with the business ). But if no money has been paid, it was all empty talk. You should by no means allow him to say he is a partnerfor it will only hinder the progress of our business and will prejudice my reputation. In reality I have paid
only £300 of which £150 belong to CH'O and the remaining
對
£150 to me. If "Uncle" KVAI SHUN" has given you the $2,000.
you can take up the shares for me. If he has not, you can
do it with my money
money Then it will be all right. He also said that Mr. LAI LAN wishes to take up shares to the amount of £100 £200. His son Mr. K'IU has come to consult me
G