CO129-333 - Governor Nathan - 1906 [1-4] — Page 233

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Sir,

1

Viceroy to Consul-General.

230

Canton, 8th. February, 1908.

I am in receipt of your letter regarding the Coal mort-

gaged by Fung Wa Chun to the National Bank of China, enclosing Balance

Sheet for 1904; the receipt given by Chou Tung Shane's wife; the

office copy of the Mortgage Deeds; and also a declaration executed

by Fung Wa Chun in Songkong.

According to Fang's declaration, the whole business of the

Yao Hsiang Coal Depot reverted on the 31st. of November (? Decembǝr}

1904 to Fung Wa Chun alone; and from that date Chou had no more inter-

est in the concern, he having at that time withdrawn his shares.

As shown by the Books seized (by my officers) relating to

to this Depot, there are, among the receipts and payments during the

fifth moon of last year, entries showing that Chou Tung Sheng still

had e capital of $100,000 therein, and had also made advances of

$25,000. Chou's brother Chou Tich Hei had also advanced $3,000 to the

Depol. There is also a further sum of Tls.4,400 odd due as interest,

Accordingly, in the fifth moon of last year, the coal

still included capital belonging to Chou Tung Sheng and others,

together with advances, showing a total in excess of $100,000. There-

fore Fung's declaration made in Hongkong, that in the 12th. moon of

the 30th. year of Kuang Hsü, Chou Tụng Shene had withdrawn his capital,

is clearly not in accordance with the facts.

Besides, the books of the Coel Depot show that Fung had

originally shares to the amount of $268,000 odd, Feckoning up to the

8th. moon of last year, he had already withdrawn $346,000 odd. An

inspection of the books shows that not anly did Fung Wa Chun not take

over complete control of the business of the Depot, but that he was

still indebted to the Depot in the sum of $70,000 odd. This shows, as

may be seen, that his deposition is not correct.

Taken